Nvidia short sellers make $5 billion from three-day selloff, data shows

FILE PHOTO: A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoNvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer's sharp selloff over the past three sessions, according to data analytics firm Ortex Technologies.

Short sellers made $2.40 billion off Nvidia's 6.6 per cent fall on Monday, Ortex said, the highest one-day gain since the start of their data in 2019.

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