Nvidia is rapidly closing in on Microsoft as the most valuable company in the world, reaching a market value of over $1 trillion. However, some investors are skeptical of its continued growth, with $34 billion in short bets against the company, nearly doubling those against Apple and Tesla combined. Despite this, the short bets against Nvidia only represent about 1% of its total market value. The demand for Nvidia’s high-end AI processors has been a driving force behind its stock price surge of 143% in 2024. Despite a slight dip in its stock value on Thursday, Nvidia remains a strong contender in the race for the top spot in the tech world. Microsoft, currently holding the title of the most valuable company, boasts a market value of $3.15 trillion, with shares up 13% so far this year.
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https://finance.yahoo.com/news/short-bets-against-nvidia-stand-202747041.html
