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Nvidia, currently facing $34.4 billion in short bets, has become the largest short in the US market, surpassing Apple and Tesla. Despite a 143% surge in its stock price, investors are betting on a decline, viewing it as a momentum stock and a hedge against the market and tech sector. These short bets represent only 1% of Nvidia's total market value but are nearly double the combined short exposures of Apple ($19.4B) and Tesla ($18.4B). S3 Partners' managing director, Ihor Dusaniwsky, noted the significant short interest as Nvidia threatens to overtake Microsoft as the world's most valuable company.
Nvidia $NVDA short side notional value is currently at $34.4 billion. This is almost TWICE the short exposure of the next two largest single-name equity shorts in the world: $AAPL at $19.4B and $TSLA at $18.4B, combined! Source: S3 Partners https://t.co/NJ9RaB9bR7
Short bets against Nvidia stand at $34 billion, S3 Partners says $NVDA Small % of market cap but funds have likely lost a lot this month shorting... From NYMinute in out educational discord https://t.co/z6KQ0Z2OKi
🇺🇸NVIDIA FACES $34B IN SHORT BETS DESPITE 143% STOCK SURGE Investors have placed $34 billion in short bets against Nvidia, nearly double the combined bets against Apple and Tesla. However, these bets represent only 1% of Nvidia's total market value. Nvidia's stock has soared… https://t.co/KBfttjiWeb https://t.co/NoNzKQm9jr
