AI cloud stocks plunge as short sellers cash in!Paper profits hit $6 billion this month
Published ・ Source Taiwan | 鉅亨網
Concerns that the debt model behind the expansion of AI infrastructure is unsustainable have sparked selling in related stocks. ORTEX data show that investors shorting five companies, including CoreWeave and Nebius, have accumulated $6 billion in paper profits in October, with Nebius shorts posting the largest gains.
Facts
Investors betting against U.S. cloud and data center companies have accumulated about $6 billion in paper profits so far in October.
Nebius short sellers have paper profits of $2.94 billion, the highest among the five companies.
CoreWeave's short interest currently stands at 23.7%, and its share price has plunged nearly 30% so far this month.
Looking back to the start of this year, these short sellers still have cumulative paper losses of $3.33 billion.
The total value of shares shorted in these five companies is currently about $17 billion.
U.S. Initial Jobless Claims Fall to 194,000 Last Week, a Three-Month Low
Published ・ Source Taiwan | 鉅亨網
The U.S. Labor Department reported that initial jobless claims fell to 194,000 last week, a three-month low, indicating that companies are not laying off workers broadly. But a rise in continuing claims reflects the difficulty of finding jobs, and the Fed is expected to leave interest rates unchanged next week.
Facts
U.S. initial jobless claims fell to 194,000 last week, a three-month low.
In the week ended Oct. 17, initial jobless claims fell by 6,000 to 194,000.
Initial jobless claims came in below economists' estimate of 200,000.
In the week ended Oct. 10, continuing claims rose by 25,000 to 1.728 million.
U.S. nonfarm payrolls rose by just 29,000 in September, and the unemployment rate was 4.2%.
The Fed raised rates by 1 quarter-point in September, bringing the benchmark rate range to 3.75% to 4.00%.
Health Calendar | Frost's Descent: As days shorten and nights lengthen, may good fortune come in pairs (frost), and may good things (persimmons) happen often - Heho健康
Published ・ Source Taiwan | Heho健康
The last solar term of autumn, Frost's Descent, arrives on Oct. 23. This article examines key health practices for the season from the perspective of traditional Chinese medicine, recommending nourishing yin and moistening dryness, and adjusting daily routines to match the shorter days and longer nights to ward off autumn dryness.