Looming NVDA short squeeze? Nvidia stock hit with massive bearish bets

Group 1: Stock Performance and Market Sentiment - Nvidia's stock (NVDA) has seen a recent increase, closing at $160, up 1.1%, with a 2% rise over the past week [1] - The stock has become a target for short sellers, with short volume reaching 36.4 million shares on July 8, accounting for 57.32% of total trading volume [3][4] - High short volume can indicate a potential short squeeze, especially with bullish momentum building [4] Group 2: Future Outlook and Earnings Expectations - Nvidia's stock price could experience volatility if short sellers are forced to cover their positions, potentially leading to a rapid increase in stock price [5] - The company has been on a strong upward trend since the end of Q1, driven by positive earnings reports and investor confidence in AI chips [6] - Wall Street forecasts Nvidia's upcoming earnings report on August 27 to show $45.6 billion in revenue, a significant increase from $30 billion a year ago [7] Group 3: Market Position and Valuation Goals - Nvidia has reclaimed its position as the world's most valuable company by market capitalization and aims to be the first to reach a $4 trillion valuation, achievable if the stock trades at $163 [8]