- 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.
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Nvidia recovers all its earlier losses after short seller Andrew Left says he is buyer (NVDA)
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.
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.
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Harlan Sur.
William Stein, an analyst at Suntrust Robinson Humphrey, recently made similar comments.
- Wall Street is ignoring a risk related to a key part of Nvidia's business, UBS says
- MORGAN STANLEY: Don't expect much upside from Nvidia's gaming business anytime soon
- 'Crypto strikes again': Here's what Wall Street is saying about Nvidia's underwhelming earnings
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