"Super Micro Computer Stock Plummets, Short Sellers Profit $1.2 Billion"

1 min read
Source: Yahoo Finance
"Super Micro Computer Stock Plummets, Short Sellers Profit $1.2 Billion"
Photo: Yahoo Finance
TL;DR Summary

Short sellers of Super Micro Computer Inc. reaped a $1.2 billion profit as the company's shares plummeted 20% in a single day, marking their biggest drop since August. Despite this gain, short sellers have incurred approximately $4.8 billion in paper losses over the past year as the stock surged more than 760%. The group remains steadfast in their bets against the company, increasing shares shorted by 12% in the last 30 days. The stock's sharp ascent, reminiscent of meme stock surges, has drawn attention to the influence of the AI wave and the dynamics of options trading.

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