Nvidia Nosedives, Shorts Surge & India Impresses
From panic to the next squeeze?
NVDA has suffered a Liberation Day-style collapse, while the momentum trade has been crushed. But the positioning pendulum may have swung too far. QQQ shorts are surging, hedge funds are underexposed, and JPM sees the potential for another wave of buying. Meanwhile, India is winning the AI rotation and the dollar keeps ripping. The selling was brutal. The next squeeze could be just as violent.