News traders shorted Nvidia between two major reports at a critical moment, with a $3 million short position already recording substantial profits.

November 12 - According to TradingBeats monitoring, address 0x30af opened a new short position on NVIDIA worth approximately $3.1657 million at an average price of $169.57 at 05:58 Beijing time this morning. About half an hour later, The Wall Street Journal cited informed sources saying that NVIDIA's board of directors was preparing to remove Jensen Huang from his CEO position. When the report entered news feeds, NVDA contracts dropped from about to $156.14 within minutes, roughly 10% lower than the US stock closing session.

This short position was opened between the two rounds of reports. News publication records show that The New York Times had already published a report about Jensen Huang and a NVIDIA executive at about 05:57, when after-hours stock prices had already weakened. The address quickly began shorting one minute later.

After that, at about 06:28, The Wall Street Journal reported on the board's actions, and the decline immediately expanded. NVIDIA's independent directors had previously publicly announced the hiring of outside lawyers to conduct an investigation.

About four and a half hours before opening the short position, this smart money had just closed yesterday's long position bought after CoreWeave's earnings release, realizing about $97,900. As of publication, its NVIDIA short position remains fully held, with a position value of about $3.03 million, unrealized profit of about $133,800, and a full-position buyback trigger order set at $167.