Monday, May 27, 2024

‘Magnificent 7’ short-sellers start 2024 with $4bn gains

Photo credit: Unsplash


A sell-off in some mega-cap tech stocks backed by many hedge funds has sparked standout gains for those betting against.

Declines in Apple and Tesla alone have led to more than $2bn of gains for short-sellers since the start of the year, according to Ortex, a data provider.

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