Nvidia Short Sellers Lose $2.3 Billion in One Day as Stock Soars

15
2
Favorite

Nvidia Short Sellers Lose $2.3 Billion in One Day as Stock Soars

Bloomberg2023-05-26

Nvidia shares jumped to an all-time high after earningsThe gain pushed short seller 2023 paper losses to $8.1 billionTraders betting against Nvidia Corp. suffered massive losses as the chipmaker’s ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（2）

Matt xw
·2023-05-26
All the bears. Seeking Alpha! Where you at ?? [LOL] [LOL]
Reply
Like
Report
lalala12334
·2023-05-26
I love to see short sellers burn. They think they know. They don't.
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1190064044?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-05-26 15:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1190064044","market":"us","top_or_hot":-1,"title":"Nvidia Short Sellers Lose $2.3 Billion in One Day as Stock Soars","media":"Bloomberg","content":"<div>\n<p>Nvidia shares jumped to an all-time high after earningsThe gain pushed short seller 2023 paper losses to $8.1 billionTraders betting against Nvidia Corp. suffered massive losses as the chipmaker’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-05-25/nvidia-short-sellers-lose-2-3-billion-in-one-day-as-stock-soars\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Short Sellers Lose $2.3 Billion in One Day as Stock Soars</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Short Sellers Lose $2.3 Billion in One Day as Stock Soars\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-26 15:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-05-25/nvidia-short-sellers-lose-2-3-billion-in-one-day-as-stock-soars><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia shares jumped to an all-time high after earningsThe gain pushed short seller 2023 paper losses to $8.1 billionTraders betting against Nvidia Corp. suffered massive losses as the chipmaker’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-05-25/nvidia-short-sellers-lose-2-3-billion-in-one-day-as-stock-soars\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NVDA","symbol_name":"英伟达","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2023-05-25/nvidia-short-sellers-lose-2-3-billion-in-one-day-as-stock-soars","article_id":"1190064044","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1190064044","pubTimestamp":1685084925,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Nvidia shares jumped to an all-time high after earningsThe gain pushed short seller 2023 paper losse","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NVDA":"英伟达"},"translate_title":"随着股票飙升，英伟达卖空者一天内损失23亿美元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDA":0.9},"content_text":"Nvidia shares jumped to an all-time high after earningsThe gain pushed short seller 2023 paper losses to $8.1 billionTraders betting against Nvidia Corp. suffered massive losses as the chipmaker’s stock surged to a record high after it forecasts sales that far surpassed the average analyst estimate. 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.To be sure, many short sellers have dumped their positions in the chipmaker amid its record rally. In the last 30 days, the number of shares shorted decreased nearly 11%, signaling that traders are covering their positions at a loss. So far this year, total shares shorted are down roughly 23%.Still, Nvidia’s notional short interest value — the amount of money short sellers have bet on the stock’s decline — is more than $9 billion. That makes Nvidia the fourth most-shorted stock in the US, behind only Apple Inc., Tesla Inc. and Microsoft Corp. Nvidia has been one of the biggest beneficiaries from the growing craze surrounding artificial intelligence, and there could be more pain ahead for short sellers if Nvidia’s winning streak continues as many on Wall Street believe it will. The stock currently has 47 buy ratings, 10 holds and no sells with an average price target of $429, according to data compiled by Bloomberg. “Our expectations for NVDA’s future revenues are lifting substantially,” Wedbush analyst Matt Bryson wrote in a note upgrading Nvidia to outperform from neutral. He pushed his price target to $490, implying an additional roughly 29% in upside for shares from Wednesday’s close.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9979008731,"gmtCreate":1685088517724,"gmtModify":1685088522178,"author":{"id":"3574198952102405","authorId":"3574198952102405","name":"Matt xw","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":1,"idStr":"3574198952102405","authorIdStr":"3574198952102405"},"htmlText":"All the bears. Seeking Alpha! Where you at ??&nbsp;[LOL]&nbsp;[LOL]&nbsp;","listText":"All the bears. Seeking Alpha! Where you at ??&nbsp;[LOL]&nbsp;[LOL]&nbsp;","text":"All the bears. Seeking Alpha! Where you at ?? [LOL] [LOL]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9979008731","repostId":1190064044,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9979008321,"gmtCreate":1685087059763,"gmtModify":1685087150934,"author":{"id":"3581401316419575","authorId":"3581401316419575","name":"lalala12334","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":4,"crmLevelSwitch":1,"idStr":"3581401316419575","authorIdStr":"3581401316419575"},"htmlText":"I love to see short sellers burn. They think they know. They don't.&nbsp;","listText":"I love to see short sellers burn. They think they know. They don't.&nbsp;","text":"I love to see short sellers burn. They think they know. They don't.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9979008321","repostId":1190064044,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":15,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}