Short bets against Nvidia currently stand at approximately $34 billion according to data from S3 Partners. This is nearly double the amount that has been bet against Apple and Tesla combined, with short bets of around $19 billion and $18 billion, respectively. However, short bets against Nvidia only comprise around 1% of the company's total stock market value. Demand for Nvidia's high-end AI processors has driven the stock up 143% in 2024. Some investors are betting that Nvidia's skyrocketing stock price will eventually fall back to earth.