News Summary

• This week, short sellers reaped more than $5.6 billion betting against a basket of AI-focused companies that dropped.
• Short sellers claim Nvidia’s business will get whacked because of a simple, yet broad and intractable lack of power generation to light up its chips.
• Nvidia is run by a very smart fellow, Jensen Huang.
• He doesn’t come across as hiding the proverbial football if his company were on the verge of an energy-triggered collapse.