Is Nvidia stock the next big short for 2025?

Core Viewpoint - Nvidia has experienced significant stock fluctuations following a period of strong performance, with a notable decline in late November after reaching all-time highs [1][3]. Group 1: Stock Performance - Nvidia stock was trading at $147.01 before the earnings call, subsequently dropping to $135 and later reaching as low as $128.91 [3]. - Year-to-date, Nvidia stock has increased by 191.50%, recovering to a price of $140.41 recently [6]. - The stock has seen a monthly high in short interest, with the short volume ratio reaching 57.55 on December 23 [4][7]. Group 2: Market Sentiment - Despite the recent downturn, Wall Street equity researchers remain largely bullish on Nvidia, with projections typically focused on 12-month price targets [5]. - Jim Cramer, a prominent Nvidia supporter, suggests that there is long-term upside potential but advises investors to wait for a more favorable entry point [5]. - The trading period around Christmas is often characterized by a "Santa Rally," which could influence Nvidia's stock positively despite the current bearish sentiment [8].