AI Stock Shorts Surge Amid China's DeepSeek Debut
Short sellers profited handsomely from the market turmoil caused by Chinese startup DeepSeek's release of affordable AI models.
Nvidia
Bets against Nvidia, an AI industry leader, generated record profits of $6.6 billion, the largest single-day gain for a stock ever tracked by Ortex. Nvidia's market capitalization plummeted by $593 billion, the largest one-session loss in corporate history.
Broadcom
Short sellers in chipmaker Broadcom also cashed in over $2 billion.
Other AI Stocks
Super Micro, Equinix, and Vistra, all related to AI, also saw significant losses on Monday. Ortex estimates that investors profiting from shorting these companies took home a combined $900 million.