03:06 PM EST, 01/28/2025 (MT Newswires) -- Bets against Nvidia ( NVDA ) amid a surge in interest for Chinese artificial intelligence app DeepSeek yielded one-day gains of about $6.6 billion for short sellers, Reuters reported Tuesday, citing data analytics firm Ortex.
Short positions in Broadcom ( AVGO ) resulted in more than $2 billion in profits, the report added.
Combined gains from bets against other AI-related stocks such as Super Micro Computer (SMCI), data center developer Equinix (EQIX) and energy supplier Vistra (VST) exceeded $900 million, according to the report.
Shares of Nvidia ( NVDA ) were up nearly 8% in recent trading following Monday's selloff. Broadcom ( AVGO ) was up nearly 3%, while Super Micro dropped 3%. Equinix edged up 1%, while Vistra climbed 6%.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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