Intel Unseats Nvidia in Short Volume Ranking, APLD, PLTR See Higher Volume
$Intel(INTC)$
Shares closed 3.6% lower Thursday after climbing near its all-time high a day earlier. The previous day's gains attracted the interest of short sellers amid optimism over the company's latest processors designed to run AI on laptops which was unveiled earlier this week.
"Intel's CES launch of Core Ultra Series 3 (Panther Lake) is a critical milestone, proving its 18A manufacturing technology is ready for the mass market," Bloomberg Intelligence industry analysts Kunjan Sobhani and Oscar Hernandez Tejada wrote in a note.
Short volume more than tripled to 20.16 million shares, surpassing Nvidia's 17.92 million shares, the latest exchange data showed. The rally may have prompted short sellers to review their wagers against Intel, though the majority of the analysts who cover the stock still maintained their hold rating.
Nvidia's shares declined 2.2% Thursday after short volume climbed for a fourth straight session Wednesday, adding to the downward pressure on the dominant player in advanced chips that power artificial intelligence.
The company is requiring full payment upfront from Chinese customers looking to buy the most advanced chips that $NVIDIA (NVDA.US)$ is allowed to ship to the Asian nation, Reuters reported, citing two people briefed on the matter. The terms, which give buyers no option to cancel their orders or change the configurations, were set amid uncertainty over the approval of the shipments, according to the report.
The uncertainty over the approval of the shipments from Chinese authorities muddies the Asian sales outlook for Nvidia, negating the high demand for the advanced chips. Last week, Reuters reported that Nvidia has reached out to its contractor $Taiwan Semiconductor (TSM.US)$ to help ramp up production of the H200 chips to meet demand from Chinese tech companies.
Meanwhile, $Applied Digital (APLD.US)$'s short volume rose to 7.52 million shares Wednesday, from 5.31 million a day earlier. Trading in those shorted shares rose, helping send the stock 2.3% lower before the company that builds data centers for AI workloads, reported fiscal second quarter results that blew past estimates.
$Palantir (PLTR.US)$, $Mobileye Global (MBLY.US)$, $Snap Inc (SNAP.US)$, $Aurora Innovation (AUR.US)$, $CoStar (CSGP.US)$, and $Albertsons Companies (ACI.US)$ also saw higher short volume. $Compass (COMP.US)$ attracted the biggest traded in shorted shares among the companies with a market capital of more than $5 billion.
@TigerStars @CaptainTiger @TigerWire @Daily_Discussion @Tiger_chat @Tiger_comments @MillionaireTiger
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.
