Short-sellers betting against AI-related stocks have lost over $13 billion in 2021. This staggering figure was revealed by S3 Partners Research, with the losses coming from just five of these stocks. While each of the short interests as a percentage of share float was only in the low single digits, the significant rallies in stock price resulted in the huge losses. Among these AI stocks, Nvidia saw its shares surge by more than 150% this year, which prompted an AI craze after bullish projections and caused the highest losses -$8.6 billion, for short sellers. Other companies to make the list include Taiwan Semiconductor, Marvell Technology, Advanced Micro Devices, and Broadcom.
Based in California, Nvidia is a leading producer of graphics processing units, chipsets, and other related technologies. Specializing in video gaming hardware, Nvidia dominates the gaming market with its NVDA graphics cards. The company has recently expanded its focus to include artificial intelligence, virtual reality, and other forms of emerging technologies, making it one of the most promising and innovative tech companies on the market today.
S3 Partners Research is a financial analytics firm that provides comprehensive short interest data and analytics for publicly traded companies. Specializing in the identification of short positions, the firm provides investors with detailed insights and tools to improve their trading strategies, mitigate risk, and generate profits. Their data is widely used by hedge funds, institutional investors, and other investment professionals across the globe.
