June 6 (Reuters) - As Nvidia threatens to

dethrone Microsoft ( MSFT ) as the world's most valuable

company, at least a few investors are betting its soaring shares

will return to earth.

Outstanding short bets against Nvidia ( NVDA ) stand at about $34

billion, nearly twice as much as what has been bet against Apple ( AAPL )

and Tesla, the next two biggest short bets

combined, according to a report from S3 Partners on Thursday.

Short sellers have bet about $19 billion against Apple ( AAPL ) and

$18 billion against Tesla, S3's data shows.

However, the short bets against Nvidia ( NVDA ) are equivalent to

just 1% of its stock market value, according to LSEG data.

Insatiable demand for its high-end AI processors has sent

Nvidia's ( NVDA ) stock soaring 143% in 2024.

On Wednesday, Nvidia's ( NVDA ) stock market value reached $1.012

trillion, eclipsing Apple ( AAPL ) to become the world's second most

valuable company.

Nvidia's ( NVDA ) stock market value retreated almost 2% to $2.96

trillion on Thursday. Microsoft's ( MSFT ) market value stands at $3.15

trillion after the technology heavyweight's stock climbed 13%

year to date.