financetom
Business
financetom
/
Business
/
Nvidia short bets rake in over $6 billion in profits after DeepSeek panic
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nvidia short bets rake in over $6 billion in profits after DeepSeek panic
Jan 28, 2025 9:19 AM

(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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Defense Stocks Rise After Trump's Comments on Ukraine War
US Defense Stocks Rise After Trump's Comments on Ukraine War
Sep 24, 2025
11:41 AM EDT, 09/24/2025 (MT Newswires) -- RTX (RTX) and other defense stocks were rising in recent Wednesday trading after US President Donald Trump said that Ukraine could reclaim all of its territory currently occupied by Russia. After getting to know and fully understand the Ukraine/Russia military and economic situation and, after seeing the economic trouble it is causing Russia,...
Waymo launches corporate robotaxi accounts to court business travel
Waymo launches corporate robotaxi accounts to court business travel
Sep 24, 2025
Sept 24 (Reuters) - Alphabet-owned Waymo on Wednesday rolled out Waymo for Business, a corporate program that lets companies set up accounts so employees can hail its robotaxis in Los Angeles, Phoenix, San Francisco, Austin and Atlanta. The move targets recurring corporate travel, giving employers controls over where, when and how staff use autonomous rides, as Waymo broadens commercial uses...
Market Chatter: US Drops EU Auto Tariffs to 15%
Market Chatter: US Drops EU Auto Tariffs to 15%
Sep 24, 2025
11:49 AM EDT, 09/24/2025 (MT Newswires) -- The US reduced tariffs on EU automobiles to 15%, retroactive to Aug. 1, Bloomberg reported Wednesday, citing a document jointly published by the Department of Commerce and the Office of the US Trade Representative. Auto imports from the EU were previously subject to a 25% tariff plus existing levies, according to the report....
Honda to stop production of Acura EV assembled by GM in US, CNBC reports
Honda to stop production of Acura EV assembled by GM in US, CNBC reports
Sep 24, 2025
Sept 24 (Reuters) - Japanese automaker Honda ( HMC ) is ceasing production in the U.S. of its Acura ZDX electric crossover, assembled by General Motors ( GM ), CNBC reported on Wednesday. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved