Nvidia Short Volume Soars 69% as Smart Money Takes Chips Off Table

Nvidia's short volume surged 69% as smart money took its chips off the table. The AI chipmaker is set to report its fiscal second-quarter financial results on Wednesday, with analysts expecting a nearly 98% surge in revenue to $92.3 billion.

The company's largest customers were notified that server prices featuring Nvidia's advanced chips will jump by more than 15% due to soaring memory costs, affecting systems equipped with flagship Vera Rubin and Grace Blackwell architectures starting early next year.

Trade overview metrics tracked by moomoo reveal a net outflow of $222.5 million in the first 13 minutes of trading Monday, driven primarily by small and medium block orders exiting positions.