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Market Chatter: Nvidia Short Sellers Amass $6.6 Billion in Profits Amid Frenzy Over DeepSeek
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Market Chatter: Nvidia Short Sellers Amass $6.6 Billion in Profits Amid Frenzy Over DeepSeek
Jan 28, 2025 12:32 PM

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.)

Price: 127.65, Change: +9.23, Percent Change: +7.79

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