This Architect-Turned-Short-Seller Is On Track To Reach $1M In Profits ‘Very Soon’

The hype over artificial intelligence (AI) has boosted many chipmaker stocks year to date, so it comes as little surprise that many big names are now seen as overvalued. However, it’s not always a good idea to bet against stocks in the middle of a hype cycle, as many short-sellers have discovered. In fact, short-sellers have lost 92% of every dollar they’ve bet against chip stocks so far this year, racking up paper losses of over $18 billion year to date, according to data from S3 Partners. Of course, aside from the possibility of hefty losses, short-sellers face many other…