Short Sellers Gain $6 Billion as Neocloud Shares Slide
Investors betting against US neocloud and data center companies have made $6 billion in paper profits so far this month as fears over debt-fueled AI expansion sparked a selloff.
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01:47:39 PM UTC
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Short sellers make $6 billion in unrealized profits as neoclouds slide on AI debt fears
Investors betting against US neocloud and data center companies have raked in $6 billion in paper profits so far this month, after fears their debt-fueled AI buildout was becoming unsustainable sparked a selloff.Short interest in CoreWeave NASDAQ:CRWV, IREN NASDAQ:IREN, Nebius Group NASDAQ:NBIS, Ap…