Reported 6 months ago
With over $34 billion in short bets against Nvidia's stock, S3 Partners reports bearish speculation surrounding the tech giant, coinciding with its upcoming 10-for-1 stock split. Analysts anticipate potential outperformance post-split, historically averaging around 25%, although the shorts' positioning may impact near-term movements. Nvidia's stock split follows a trend among major tech companies, with this move potentially providing a temporary boost in shares.
Source: YAHOO