Nvidia recovers all its earlier losses after short seller Andrew Left says he is a buyer (NVDA)

pulse

November 20, 2018 7:57 PM

Nvidia recovered its earlier loss on Tuesday and are up 4% after short seller Citron Research said it has bought the chip maker's stock.

Nvidia CEO and president Jen-Hsun Huang.

Short seller Andrew Left's firm Citron Research
Shares were down as much as 8% before the tweet amid broader market weakness. They're now up as much as 4% following Citron's comments.
Nvidia has been under pressure since the large-cap tech correction began early in October, and following its disappointing brutal third-quarter earnings report last week.

Nvidia recovered deep early losses on Tuesday — surging as much as 4% — after

Also at stake is a product transition which will unlikely ramp until next year.

In August, Nvidiaunveiledits new graphics cards, which are designed to improve the gaming experience through features like real-time ray tracing. But those new features aren't yet available because games supporting the high-end graphics cards won't be released until 2019.

Harlan Sur.

William Stein, an analyst at Suntrust Robinson Humphrey, recently made similar comments.

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