Traders Open $9.1 Million in Nvidia Shorts Following CEO Personal Controversy
Crypto-based traders on the Hyperliquid exchange opened approximately $9.1 million in new short positions targeting Nvidia (NVDA) over a 24-hour period ending Sunday. This trading activity coincided with reports that Nvidia CEO Jensen Huang admitted to an affair and faced potential targeting by foreign intelligence, prompting the company's board to launch an independent investigation. One significant trade involved a 'whale' using 10x leverage to short exposure equivalent to roughly 30,000 shares in a $5.44 million position. While total trading volume for Nvidia-linked contracts reached $189 million during the period, it remains unclear if all activity was directly driven by the news regarding Huang. The Nvidia board has expressed continued confidence in Huang's leadership while overseeing the investigation.
Tickers: $NVDA
Topics: CEO investigation Crypto trading activity Foreign intelligence threat Nvidia stock derivatives
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