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Short sellers pocket record weekly profit from Big Tech selloff [Globe and Mail, The (Toronto, Canada)]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
more than $10 billion last week, with the biggest gains coming from their short position in shares of Nvidia ( ) and Tesla ( decrease ), Ortex data showed. The chip designer shed almost 14% last week to clock its worst weekly fall in over 19 months, helping short sellers rake in more than $3 billion in profit. Tesla, whose shares have lagged peers in the coveted group this year, also tumbled by an equal margin, leading to $3 billion in profits for short sellers. Nvidia Corp Tesla Inc Past five days Close, April 15 Bets against Microsoft and Apple yielded $1 billion in profit each last week, according to the data. The tech-heavy Nasdaq and the benchmark S&P 500 suffered six straight sessions of declines last week, their longest losing streak since October 2022, as the evidence of U.S. economic resilience and still-high inflation diminished hopes of an interest rate cut anytime soon. Overall, the “Magnificent 7? shed close to $1 trillion in market capitalization last w
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