NEW YORK : Short sellers in shares of Nvidia Corp. were down $4.1 billion in mark-to-market losses over the past three trading sessions, financial data firm S3 Partners said Tuesday.
The chipmaker after the close last Wednesday released its quarterly results and forecast second-quarter revenue more than 50 per cent above Wall Street estimates. Including Tuesday's gains, Nvidia's shares are up about 35 per cent since Wednesday and about 180 per cent for the year to date.
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Nvidia sets eye on $1 trillion market valueNvidia Corp was on track on Tuesday to breach $1 trillion in market capitalization for the first time, making it the first U.S. chipmaker to join the trillion-dollar club.The company's shares were last up 3.9 per cent at $404.56 in premarket trading.
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