Jan 28 (Reuters) - Short sellers of artificial
intelligence-related stocks raked in bumper profits after the
smashing debut of low-cost AI models from China's DeepSeek
spooked Wall Street, with bets against Nvidia ( NVDA ) yielding record
profits totaling more than $6 billion.
Traders betting against AI-darling Nvidia ( NVDA ) earned
profits of about $6.6 billion - the biggest single-day move ever
on the stock - according to data analytics firm Ortex.
Nvidia ( NVDA ) saw $593 billion wiped off its market value on
Monday, in the biggest single-session loss ever for any company,
after Chinese startup DeepSeek launched AI models that it said
are at par or better than industry-leading models in the United
States, at a fraction of the cost.
Short sellers of chipmaker Broadcom ( AVGO ) also earned
more than $2 billion in profits.
Other AI-related stocks, such as server-maker Super Micro
, data-center operator Equinix ( EQIX ) and energy
provider Vistra ( VST ), also witnessed heavy losses on Monday,
giving investors betting against these firms combined profits of
more than $900 million, according to Ortex.