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Nvidia's stock surge boosts short positions' value, with shorting amount reaching $34.4 billion.

TraderKnows
TraderKnows
06-07

NVIDIA's stock has seen a historic surge this year, with an increase of over 100%, while short positions have also risen correspondingly.

This week, NVIDIA Corporation's short positions have surged significantly as it surpassed Apple Inc. to become the second-largest company by market capitalization on Wall Street. The ongoing AI craze and an upcoming stock split have driven NVIDIA's stock price higher.

According to S3 Partners, the nominal value of NVIDIA's short positions rose to $34.4 billion this week, accounting for about 1% of the company's total market value. By comparison, Apple Inc.'s short positions stand at $19.4 billion, and Tesla Inc.'s short positions are at $18.4 billion. S3 Partners released this data on social media platform X.

Ihor Dusaniwsky, Managing Director of S3 Partners, stated in an interview with Yahoo Finance that NVIDIA is "the largest short in the U.S. market."

This year, NVIDIA's market value has grown by over 100%, as the chipmaker's sales and revenues have seen exponential growth driven by artificial intelligence.

NVIDIA's market cap surge has led to speculation that it may even surpass Microsoft Corporation to become the highest-valued company on Wall Street. Microsoft is a significant customer of NVIDIA.

Since mid-May, when it reported better-than-expected earnings, NVIDIA has been performing strongly. The company also announced second-quarter earnings guidance above Wall Street's expectations and a 10-for-1 stock split set to take effect this Friday.

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