Hedge funds are increasingly betting against stocks, with Nvidia $NVDA-7.4%, Advanced Micro Devices $AMD-8.6% and Tesla $TSLA-10.4% their three largest short positions, a Morgan Stanley report showed Thursday.
Nvidia
NVDAHow do you see it? Buy, Hold or Short? 😄
Well I'm buying both $AMD-8.6% and $TSLA-10.4% now, so we'll see😂
AMD has already fallen a lot and I would rather expect growth now. The company has huge potential and it's only a matter of time before that growth resumes.
With Tesla, I'm really not surprised. The stock is cheap right now, so I bought in and increased my position.
NVDA and AMD to hold or accumulate and TSLA to sell (this is long term if short term 🤷♂️) As for Tesla the main red flag for me is not so much Musk but: https://www.scmp.com/business/china-business/article/3298118/byd-add-autopilot-system-evs-gain-edge-amid-chinas-price-war
If FSD is going to be free it completely changes the game and demolishes ARK's calculations, Tesla's projected profits are where...? Oh and Optimus that's also a question, have you checked out how Boston Dynamics is doing in this business? Well as usual disclaimer, just an opinion no recommendation.