Last week, NVIDIA made headlines for all the wrong reasons. Shares dropped nearly 7% after the “Big Short” investor Michael Burry revealed huge bearish bets againstNVIDIA and Palantir. At the same time, Donald Trump’s comments about banning advanced AI chip exports to China reignited concerns.
But this week? A complete turnaround. $NVIDIA(NVDA)$ bounced back more than 5% in a single session — its strongest day since April. And a few Tigers timed it perfectly 👇
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Why Was NVIDIA Under Pressure?
First came Burry’s 13F filing — revealing over $180 million in NVDA put options, a massive bet against one of the market’s top AI names. Then came Trump’s interview with 60 Minutes, where he pledged to block U.S. AI chip sales to China. That double whammy hit hard, sending NVDA tumbling.
Why the Rebound?
Investors quickly shifted their view. NVIDIA announced new AI deals in Germany and South Korea, over $10 billion in GPU deployment pipelines, and CEO Jensen Huang reinforced their long-term AI vision — from autonomous vehicles to AI factories and quantum computing.
Citi analysts doubled down, raising their short-term price target to $220. They now expect a classic “beat and raise” quarter when NVIDIA reports on November 19 — citing strong Blackwell chip shipments and demand that could outpace supply through 2026.
All Eyes on Earnings
NVIDIA is set to report after the market closes on November 19. The Street is forecasting around $55B in revenue this quarter and $61B next quarter. Investors will be watching closely for:
Data centre performance
Updates on Blackwell GPU rollouts
Any signs of impact from China export restrictions
So the question is — will NVIDIA crush expectations again? Or is Burry’s bearish call going to age well?
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