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23 Dec 2023

Short Sellers Lose $178 Billion as Tech Stocks Surge in 2023

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Short sellers faced massive losses totaling nearly [$178 billion in 2023](https://finance.yahoo.com/news/short-sellers-lost-close-to-178-billion-in-2023-152135596.html). The unexpected stock market rally led to substantial gains in tech stocks such as Nvidia, Tesla, and Meta, each surging more than 100%. Losses were particularly steep for Tesla and Nvidia, with short sellers down $12.6 billion and $11.3 billion, respectively.