Nvidia stock short ratio hits two-week high as NVDA closes in on $150
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Nvidia's stock short ratio has reached a two-week high as its stock price approaches $150. Nvidia has been a standout performer in 2024, symbolizing the AI boom.
November 11, 2024 | 3:30 pm
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Nvidia's stock short ratio has increased, indicating a rise in bearish sentiment as the stock price approaches $150. Despite this, Nvidia remains a significant player in the AI sector.
The increase in Nvidia's short ratio suggests that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, Nvidia's strong position in the AI market may counterbalance this sentiment.
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