Jim Chanos’ 5 Short Positions in 2023

4. NVIDIA Corporation (NASDAQ:NVDA)

Value of Put Option: $1,416,627
Year to Date Gain: 208%

NVIDIA Corporation (NASDAQ:NVDA) might turn out to be an expensive short play for the famed short seller. The stock has been in an impressive form, tripling in value amid the AI boom. Nevertheless, the famed short seller has taken aim at the AI hype, insisting the significant rally might not be justified.

According to the legendary investor, most AI stock’s value might have been inflated on expectations that the Fed will go slow on interest rate hikes. If that is not the case, then a reversal could be in play.

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