Nvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer’s sharp selloff over the past three sessions.
Read More Nvidia short sellers make $5 billion from three-day selloff, data showsTag: short sellers
Massachusetts regulator probes ‘Roaring Kitty’s’ GameStop trades
GameStop shares surged after the stocks influencer “Roaring Kitty” returned to Reddit with a post showing a $116 million bet on the embattled videogame retailer.
Read More Massachusetts regulator probes ‘Roaring Kitty’s’ GameStop tradesGameStop Stock Surges, Gets Halted For Volatility After Post From ‘Roaring Kitty’
GameStop’s stock price increased by up to 110% on Monday following the unexpected return of “Roaring Kitty,” a day trader who was instrumental in the 2021 “meme stock rally” on social media. This move put pressure on short sellers who had suffered a $1 billion loss as a result of the spike.
Read More GameStop Stock Surges, Gets Halted For Volatility After Post From ‘Roaring Kitty’Nvidia races to $2 trillion mark as AI mania sparks Wall St tech rally
Nvidia galloped to $2 trillion market value after the bellwether for AI chip demand once again exceeded Wall Street’s sky-high expectations.
Read More Nvidia races to $2 trillion mark as AI mania sparks Wall St tech rallyTesla set to erase $70 billion in valuation after Musk’s sales warning
Tesla tumbled nearly 11% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts.
Read More Tesla set to erase $70 billion in valuation after Musk’s sales warning