Posted 3/13/2024, 11:05:00 PM
Nvidia Stock Slides Over 8% From Highs, Spiking Volatility and Short Interest Despite Big AI Bets
- Nvidia shares have fallen over 8% from recent all-time highs, exhibiting moves that could have implications for tech investors
- Nvidia is the world's largest AI chip maker, poised to benefit from massive AI investment, but shares showing cracks
- Nvidia is the 3rd most shorted stock with over $18B in bets against it, exceeding Tesla, as shorts seek stock decline
- Nvidia's volatility is more than double 2021 levels and far higher than tech peers Apple and Microsoft
- Upcoming GPU conference likely to set AI ambitions for 2023, but unclear if recent moves suggest worrying trend