US Stock Fund Activity List | NVIDIA Drops Nearly 4%, Targeted by Major Institutions for Large-scale Short Selling

On Tuesday, Tesla, the top stock by trading volume in the U.S. market, closed down 5.21%, with a trading volume of $39.388 billion. Tesla's shareholder meeting is set to take place on November 6, where a vote will be held on Musk's "exorbitant compensation plan."

The world's largest sovereign wealth fund, the Government Pension Fund of Norway, announced that it will vote against the compensation plan at this meeting. As Tesla's largest external investor, the Government Pension Fund currently holds approximately 1.14% of Tesla's shares, valued at up to 118.3 billion Norwegian kroner ($11.6 billion), making its opposition crucial in this vote.

The Government Pension Fund stated that its opposition to Tesla's compensation plan is based on the reasons that the plan would dilute equity and poses key person risks.

NVIDIA, ranked second, closed down 3.96%, with a trading volume of $37.746 billion. The hedge fund manager Michael Burry, the real-life figure behind the movie "The Big Short," has rarely disclosed his third-quarter 13F report two weeks in advance through Scion Asset Management.

The report shows that about 80% of the fund's positions are concentrated on shorting NVIDIA and Palantir, with a nominal value exceeding $1 billion, drawing market attention due to the scale of the bets. Among them, the nominal value of put options on Palantir reaches $912 million (equivalent to 5 million shares), while the nominal value of put options on NVIDIA amounts to $186 million. However, the document did not disclose the actual premiums, strike prices, and expiration dates of the options.

A few days ago, Michael Burry also issued a subtle warning to retail investors about the overheated market.

Palantir, ranked third, closed down 7.94%, with a trading volume of $23.112 billion. According to the 13F regulatory filing released on Monday, Michael Burry bought put options on NVIDIA and Palantir.

AMD, ranked fifth, closed down 3.70%, with a trading volume of $14.064 billion. AMD will release its earnings report after the market closes on Wednesday: third-quarter revenue is expected to be $9.25 billion, while analysts had anticipated $8.74 billion. Third-quarter capital expenditures are expected to be $258 million, compared to an expectation of $219.7 million. Fourth-quarter revenue is expected to be between $9.3 billion and $9.9 billion, while analysts expect $9.21 billion.

Broadcom, ranked ninth, closed down 2.93%, with a trading volume of $8.572 billion. The stock has now fallen for four consecutive trading days.

Google Class A shares, ranked tenth, closed down 2.18%, with a trading volume of $8.348 billion. Vitality announced a partnership with Google on Tuesday to launch Vitality AI.

Additionally, reports indicate that Google has rejected Disney's request to restore the ABC channel on YouTube TV on election night, instead proposing to restore the ABC and ESPN channels during the fee dispute negotiations.

Micron Technology, ranked sixteenth, closed down 7.10%, with a trading volume of $5.132 billion. The stock reached a historic high yesterday Oracle fell 3.75% to a transaction volume of $4.926 billion. Credit default swaps (CDS) related to Oracle surged significantly after the company disclosed a massive investment in artificial intelligence for the third quarter, reaching levels not seen outside of significant macroeconomic stress periods.

Some analysts believe this phenomenon reflects investor concerns about the booming artificial intelligence spending. Since 2023, optimistic expectations for artificial intelligence have been one of the main drivers of the bull market in stocks and other broader risk assets like cryptocurrencies.