NEW YORK : Short sellers in shares of Nvidia Corp were down $4.1 billion in mark-to-market losses in three trading days, according to financial data firm S3 Partners, as the chipmaker's market capitalization hit $1 trillion on Tuesday.
The chipmaker after the close on Wednesday forecast second-quarter revenue more than 50 per cent above Wall Street estimates, and said it is bumping up supply to meet demand for its artificial-intelligence chips. Ihor Dusaniwsky, S3 managing director, wrote in a note on Tuesday that even with significant short covering in Nvidia, the stock is the fourth most shorted in the U.S., after Apple, Tesla and Microsoft.
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