An art school teacher puts final touches on a painting of Indian businessman Gautam Adani highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023.Indranil Mukherjee/Getty Images Activist short-seller Hindenburg Research wiped out $153 billion in market value from Adani Group. It recently disclosed that it made just $4 million for […]
Citron Research founder Andrew Left is shorting GameStop again, arguing the stock is “extremely overvalued” after its latest meteoric rise. The veteran short seller was burned on his first bet against meme-stock traders’ favorite company in 2021, eventually closing out his short position at a 100% loss and halting the publication of short reports after […]
(Bloomberg) — Carvana Co.’s surge Thursday added to pain for short sellers who’ve amassed major losses betting against the used car retailer as its shares have rebounded over the last year. Most Read from Bloomberg The 40% jump, following a better-than-expected first-quarter earnings release, pushed the stock’s annual gain past 1,500% and extended short-seller losses […]
Jim Chanos.Reuters Nvidia is growing at the expense of other Big Tech companies, Jim Chanos and Larry McDonald said. Nvidia is raking in profits while its customers are racking up bills, they said. Microsoft and Meta are among the largest buyers of Nvidia’s microchips. Nvidia is cannibalizing the growth of other “Magnificent Seven” companies, according […]