Nvidia short sellers make $5 billion from three-day selloff, data shows
Nvidia (NVDA.O), short sellers have raked in nearly $5 billion in paper profits from the AI chip designer’s sharp selloff over the past three sessions, according to data analytics firm Ortex Technologies. The stock has slumped 13% and lost $430 billion in market capitalization since June 18, when it briefly became the world’s most valuable company following […]
M&A-focused hedge funds lead the pack in May, Goldman Sachs says
Hedge fund managers making bets on mergers and acquisitions outperformed those deploying other strategies with a return of 7.7% in the first five months of 2024, Goldman Sachs said in a note to clients, as deal-making rebounded. Although Goldman did not offer a year-earlier figure for comparison, Barclays prime brokerage noted at the time that […]