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Nvidia Short-Sellers Reap $457 Million in Monday's Rout, S3 Says

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Photographer: Andrew Harrer/Bloomberg

Nvidia Corp. shares fell 15 percent on Monday after the company slashed its fourth-quarter revenue outlook, providing a windfall for the investors who bet that the stock would resume its recent descent.

According to Ihor Dusaniwsky, S3 Partners’ managing director of predictive analytics, short sellers “are up $457 million in mark-to-market profits” on Monday, “nearly wiping away the $503 million of mark-to-market losses they incurred before today’s price move.” Dusaniwsky’s comments were emailed to Bloomberg News.