To The Moon

Nvidia briefly dethroned Microsoft to become the world's most valuable company just last week when it hit a valuation of $3.34 trillion.But since then, it's dropped by around $500 billion. Now, invest

June 6 - As Nvidia threatens to dethrone Microsoft as the world's most valuable company, at least a few investors are betting its soaring shares will return to earth. Outstanding short bets against Nvidia stand at about $34 billion, nearly twice as much as what has been bet against Apple and Tesla , the next two biggest short bets combined, according to a report from S3 Partners on Thursday. Short sellers have bet about $19 billion against Apple and $18 billion against Tesla, S3's data shows. However, the short bets against Nvidia are equivalent to just 1% of its stock market value, according to LSEG data. Insatiable demand for its high-end AI processors has sent Nvidia's stock soaring 143% in 2024. On Wednesday, Nvidia's stock market value reached $1.012 trillion, eclipsing Apple to become the world's second most valuable company. Nvidia's stock market value retreated almost 2% to $2.96 trillion on Thursday. Microsoft's market value stands at $3.15 trillion af