Reported 6 months ago
Short positions against Nvidia have reached approximately $34 billion, exceeding the combined short bets against Apple and Tesla. S3 Partners reported on Thursday that short sellers have wagered about $19 billion against Apple and $18 billion against Tesla. Despite the significant amount of bets against Nvidia, they only represent 1% of the company's market value due to the high demand for its AI processors, driving Nvidia's stock to surge by 143% in 2024. Nvidia briefly surpassed Apple to become the world's second most valuable company with a market value of $3.012 trillion before slightly declining to $2.96 trillion.
Source: YAHOO