Reported 3 days ago
Short sellers targeting major AI stocks have profited over $5.6 billion in the past two trading sessions amid declining tech stock values and concerns about the AI boom's sustainability. Key players like Meta and Nvidia have faced significant drops, with increasing investments in short positions reflecting investor skepticism about AI's market returns. Meanwhile, reports indicate that a majority of companies are seeing no return from AI investments, raising further alarm in the tech sector.
Source: YAHOO