Intel's market value surges by $440 billions in six weeks, attracting short sellers' attention

According to foreign media reports, the share price of a chip manufacturer has surged rapidly, causing traders betting against its stock to suffer huge losses. However, this has not stopped them from continuing to bet. Since bottoming out on March 30, the chip manufacturer's share price has soared by 214%, with its market capitalization increasing by over $440 billion. According to financial data firm S3 Partners, short sellers have also incurred mark-to-market losses of more than $12 billion. Meanwhile, the company's short interest as a proportion of outstanding shares (a measure of the number of shares borrowed for short selling) is near its 52-week high. Matthew Unterman, Managing Director at S3 Partners, said: "It has now almost become the quintessential momentum trade. But this kind of momentum will eventually stall."