REUTERS/Lucy NicholsonNvidia has surged 95% since the election, making it the best-performing stock in the S&P 500 over the period. Now hedge funds and millennial investors are divided over its outlook.The stock is the fourth most-shorted by hedge funds right now, judging by dollar amount of short interest, according to a Goldman Sachs study.It's also the sixth most-owned stock holding for millennial investors, according to no-fee trading app Robinhood.A battle is brewing over the best-performing stock since the election.The company in question is Nvidia, which has enjoyed a particularly charmed existence since November 8.
Hedge Funds Are Betting Billions That A Stock Loved By Millennials Is Going To Plummet (nvda)
jciolli@businessinsider.com (Joe Ciolli), Business Insider
Thu, 05/25/2017 - 3:02am
Topics: reuters/lucy nicholsonnvidia november 8 the business insider joe ciolli softbank watch marine corps s&p goldman sachs robinhood nvidia bloomberg stock millennials hedge funds investors company large short data market billion months best-performing options election interest decline holding paying
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