Nvidia’s (NVDA) sector cap briefly surpassed $3 trillion ahead of the enterprise’s planned 10-for-1 stock split on Friday after the sector close. S3 Partners Managing Director Ihor Dusaniwsky joins sector Domination to discuss how the move will affect short selling.
Dusaniwsky notes that there is a significant short finance charge in Nvidia, about $2 billion worth over the last 30 days. “This ends up being kind of like a roulette wheel, red or black?” Dusaniwsky says, explaining that investors have to decide whether Nvidia has seen such a run that it’s due for a pullback after the split or if it could be the start of a bigger move higher.
Watch the video above to hear what Dusaniwsky says about GameStop (GME) shorts getting squeezed and where else in the sector he is seeing short finance charge.
#youtube #NVIDIA #equities
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