NVDA Is a good short because the stock rose more than 60% in the last month from MAY lows and created many gaps to the downside.
Plus our flow indicators point to a downward trend and big fund positioning towards the short side
Hedge fund short positioning is 3 std away
Im long NVD SHORT ETF
Good call, I’ve been thinking the same — too many gaps and the short interest spike is hard to ignore.
NVDA has legit earnings growth to back the move. Their Q1 report beat across the board and data center revs were up 400% YoY.
Unless AI spending slows dramatically or yields spike, I’m staying away from the short side. Might even use dips to add through something like SMH or SOXX.