Nvidia short sellers lose $826 million as stock jumps after strong forecast

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Bearish bets on the chip designer, which is the biggest beneficiary of AI boom, have cost investors $11.36 billion in paper losses so far this year, neck-to-neck with Tesla (NASDAQ:TSLA) as the worst performing short bet, S3 Partners said.

Nvidia shares rose 7.4% to $506.30 before the opening bell.