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.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »