From Investing.com: 2024-06-07 01:48:57

Short positions on NVIDIA Corporation surged as it surpassed Apple in market value, reaching $34.4 billion. S3 Partners revealed that Nvidia is now the largest short in the U.S. market. The chipmaker’s market cap has skyrocketed over 100% due to AI-driven growth. Speculation arises that Nvidia could outshine Microsoft as the most valuable company. Nvidia’s success was fueled by strong earnings in May and optimistic second-quarter guidance. Additionally, a 10-for-1 stock split is scheduled for Friday.



Read more at Investing.com: Nvidia short bets at $34 bln after it overtakes Apple in valuation- S3 Partners By Investing.com