economy
Short sellers see opportunity as chip stocks rally breaks, bears hold firm into Nvidia earnings
Despite a pullback across semi shares in recent sessions, traders betting against some of the industry's biggest names have shown little sign of retreating.
TL;DR
- Short interest in chip stocks like Micron and Qualcomm remains near multiyear highs.
- Traders betting against semiconductor companies have not capitulated despite significant losses during the AI-fueled rally.
- Qualcomm has seen its short interest reach approximately $11.8 billion, the highest in at least a decade.
- Bearish positioning in Nvidia and Intel also remains elevated.
- Investors may be questioning the sustainability of high valuations in the semiconductor industry after years of gains.
- The PHLX Semiconductor Index is still up over 65% year-to-date.