Nvidia short sellers lose $826 mln as stock jumps after strong forecast - Reuters

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Aug 24 (Reuters) - Investors with short position on Nvidia (NVDA.O) lost $826 million in mark-to-market losses on Thursday, data from analytics firm S3 Partners showed, as the world's largest chipmaker's shares surged after a strong revenue forecast.

Bearish bets on the chip designer, which is the biggest beneficiary of AI boom, have cost investors $11.36 billion in paper losses so far this year, neck-to-neck with Tesla (TSLA.O) as the worst performing short bet, S3 Partners said.

Nvidia shares rose 7.4% to $506.30 before the opening bell.

Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur

Our Standards: The Thomson Reuters Trust Principles.

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Nvidia short sellers lose $826 mln as stock jumps after strong forecast - Reuters
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