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Whale NMTD.HL’s $15.2 Million Short on U.S. Chip and Storage Stocks Shows $2.47 Million Loss

The trader’s disclosed positions include short bets against SanDisk, AMD, and Micron, with SanDisk making up the largest share after NMTD.HL said on May 1 it was waiting for a 40% decline in SNDK.

Summary

Whale NMTD.HL has taken $15.2 million in short positions against U.S. storage-related and semiconductor stocks and is currently down $2.47 million. The positions consist of $11.22 million in SanDisk, $2.54 million in AMD, and $1.45 million in Micron. On May 1, NMTD.HL said it was waiting for a 40% drop in SNDK, indicating that the SanDisk short was the core part of the trade. A short position is a bearish strategy that seeks to profit if an asset’s price falls, but losses can grow if the stock rises instead.

Terms & Concepts
  • Short position: A trading strategy that bets an asset’s price will fall, allowing the trader to profit from a decline but exposing them to losses if the price rises.
  • Whale: A market participant with unusually large positions that can draw attention because of the size and potential market impact of their trades.
  • Semiconductor stocks: Shares of companies involved in making chips or related memory and storage products, a sector often tied to demand for computing hardware and data infrastructure.