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Shares of Donald Trump's Trump Media & Technology Group surged as much as 59% on Tuesday in their Nasdaq debut, lifted by the former US president's supporters and providing him a potential windfall as he grapples with the costs of several legal cases.
Bearish bets against the AI juggernaut took a hit this week, and short sellers lost big on Nvidia's 16% single-day rally.
![Tesla proved doubtful investors wrong last year despite Elon Musk controversy: '[That's] going to leave a mark' - Vimarsana News](https://s.yimg.com/ny/api/res/1.2/o1NzUUnSFWFQN5Bk3276xQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/the_cool_down_737/e00bbfb03c20b21ea0fae1b86ab58199)
Tesla has been a target for short sellers since going public in 2010.
The most painful short bets were against Magnificent 7 firms, which skyrocketed in 2023 amid big investor bullishness for tech.
The most painful short bets were against Magnificent 7 firms, which skyrocketed in 2023 amid big investor bullishness for tech.