4
Nvidia Short Sellers Lose $2.3 Billion in One Day as Stock Soars - Slashdot
source link: https://tech.slashdot.org/story/23/05/25/1856235/nvidia-short-sellers-lose-23-billion-in-one-day-as-stock-soars
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Nvidia Short Sellers Lose $2.3 Billion in One Day as Stock Soars
Slashdot is powered by your submissions, so send in your scoop
binspamdupenotthebestofftopicslownewsdaystalestupid freshfunnyinsightfulinterestingmaybe offtopicflamebaittrollredundantoverrated insightfulinterestinginformativefunnyunderrated descriptive typodupeerror
Do you develop on GitHub? You can keep using GitHub but automatically sync your GitHub releases to SourceForge quickly and easily with this tool so your projects have a backup location, and get your project in front of SourceForge's nearly 30 million monthly users. It takes less than a minute. Get new users downloading your project releases today!
Sign up for the Slashdot newsletter! or check out the new Slashdot job board to browse remote jobs or jobs in your area
×
Sign up for the Slashdot newsletter! or check out the new Slashdot job board to browse remote jobs or jobs in your area
Traders betting against Nvidia suffered massive losses as the chipmaker's stock surged to a record high after it forecasts sales that far surpassed the average analyst estimate. From a report: Short sellers are facing $2.3 billion in paper losses on Thursday alone amid the tech giant's 27% intraday jump, data from S3 Partners LLC show. That's pushed mark-to-market losses for the contrarian traders to $8.1 billion in 2023 as Nvidia's price has more than doubled this year.
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK