Investors Await Nvidia Stock Correction Amid Record Short Interest
Thursday, 6 June 2024, 20:27
Overview:
Nvidia's market value surge is sparking interest from short sellers, accumulating a substantial $34 billion bet against the tech giant.
Market Dynamics:
Investors anticipate a correction in Nvidia's stock price as it challenges Microsoft's valuation, leading to increased short positions.
Investor Sentiment:
- Concern: Some investors believe Nvidia's stock may be overvalued and could experience a downward correction.
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