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- Short sellers suffered losses of more than $170 billion betting against US stocks this year.
- US equities surged throughout 2023 as investor frenzy over artificial intelligence powers a rally.
- S3 Partners data reveals Nvidia, and Meta have been among the most unprofitable shorts this year.
Short sellers have lost more than $175 billion betting against US stocks after investor mania for AI fueled an unexpected tech rally.
The surge in tech stocks led to $175.2 billion in mark-to-market losses for short sellers year-to-date, with $53.5 billion of it stemming for July alone.
According to data from S3 Partners, only 30% of every shorted stock was a profitable trade for investors this year.