Big Money Is Betting Against Nvidia Stock Even as Sentiment Improves

Thanks to the recent rally, Nvidia (NVDA) has narrowed its year-to-date losses to just about 15%. The stock has whipsawed this year as news from China and the White House has impacted investor sentiment. Recently, commentary from tech giants during their first-quarter earnings calls has helped drive NVDA shares higher. 

In this article, we’ll examine what leading tech companies had to say about their artificial intelligence (AI) capex during the recent earnings call and examine what Big Money is doing about Nvidia.