The stock is the top losing equity short that has occurred in 2023, which is followed by Apple & Tesla.
The stock has increased approximately 30 percent in that time, Apple’s short sellers have suffered a loss of 4.47 billion USD up to this point in 2023.
Tesla’s short sellers have suffered a loss of 3.65 billion USD so far this year.
Nvidia’s short interest has decreased by 7.04 million shares or 18 percent.
Nvidia stocks were down 1.1 percent in noon trading on Wednesday, along with drops in other chip manufacturers.
NVIDIA Corp. creates and produces chipsets, processors, as well as associated multimedia software for computers.
The GPU market is made up of product brands such as GRID used for visual computing customers and is based on the cloud.