Nvidia Short Sellers Suffer $2.3 Billion Loss in One Day
In what was a surprising development, Nvidia short sellers have suffered a $2.3 billion loss in a single day as the stock has reached a record high. Moreover, the stock increase arrived after forecasts showed its sales exceeding the average estimation. Now, those who had bet against the chipmaker are facing paper losses following the 27% stock jump on Thursday. Additionally, Bloomberg notes that Nvidia has seen its price more than double this year. Source: CNBC NVidia Rally Punishes Short Sellers An unexpected rally that took place today has certainly hurt a host of investors. Specifically, Nvidia short sellers have seen a $2.3 billion loss in a single day following an unexpected surge in the chipmaker’s stock. Now, those same short sellers have seen $8.1 billion in losses for short bets against the company. Consequently, many short sellers have seemingly dropped their position on the company following the remarkable rally. Specifically, the last 30 days have shown sh...