Trader Makes $196 Million Profit on Nvidia Stock Drop

An anonymous trader, acting a month before the scandal involving Nvidia's CEO, made a massive profit from the company's stock plunge.

On October 12, the investor placed an $8 million bet on the tech giant's share price collapse.

Following the sharp drop in share value, the trade yielded the trader a net profit of $196 million.

Events unfolded as follows:

• A month before the public scandal with Nvidia management
• The trader opened a short position on the stock
• Investments totaled $8 million
• Final profit reached $196 million