Trader Earns $196 Million on NVIDIA Stock Drop

An unidentified trader earned nearly $200 million on the plunge in NVIDIA shares thanks to a timely bet. The investor opened the position a month before the scandal involving the company's CEO.

Success Story

The trader made an $8 million bet on the chipmaker's stock decline on October 12. This decision proved highly accurate, as it was made long before the public resonance.

Leadership Situation

The cause of the share drop was a scandal surrounding NVIDIA CEO Jensen Huang. After the price crash, the bet brought the investor a profit of $196 million.