Paul Singer's Elliott Management bets against Nvidia after calling it a 'bubble' and saying AI is 'overhyped'
Portfolio Pulse from
Elliott Management, led by Paul Singer, has placed a significant bet against Nvidia, using put options to gain at least $600 million in downside exposure. The firm considers Nvidia's valuation a 'bubble' and believes AI is 'overhyped'.
February 18, 2025 | 4:45 pm
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Elliott Management has taken a bearish position on Nvidia, using put options to gain significant downside exposure. The firm views Nvidia's valuation as a 'bubble' and is skeptical about the AI hype.
Elliott Management's significant bearish bet on Nvidia, based on their view of the stock as overvalued and AI as overhyped, is likely to negatively impact Nvidia's stock price in the short term. The use of put options indicates a strong expectation of a price decline.
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