Short sellers reap over $5 billion on Big Tech bets as AI fears roil market
Short sellers betting against some of the market’s leading AI stocks potentially made billions as markets slid this week and investors moved away from some of the year’s hottest tech trades. On Wednesday, tech stocks stumbled for a second day, with the tech-heavy Nasdaq Composite’s (^IXIC) 0.7% drop leading declines in the major averages as…