Nvidia Long and Short Positions Both Grew in On-Chain Snapshot

A 59-address sample showed net increases in both long and short Nvidia-linked positions over a window that began at the Nov. 9 U.S. market open and ended at a Nov. 10 snapshot. The snapshot’s exact time was not specified, and Nvidia was the sample’s largest contributor to long-position growth.

The addresses added about $22.23 million in Nvidia-linked long positions and about $32.58 million in shorts. Nvidia shares closed down 4.27% on Nov. 9. Open interest, measured by contract count, increased about 30.4%.

Across the sample, long positions grew about $20.76 million. Excluding Nvidia, they declined about $1.47 million. The sample included 59 addresses that each recorded a net change of more than $1 million in at least one stock-linked contract.

The broader chip sector rose on Nov. 9: the Nasdaq gained 2.74%, and the Philadelphia Semiconductor Index climbed 6.85%. Advanced Micro Devices (AMD) rose 13.26%, while Micron Technology and Sandisk each gained more than 6%.

Yet sampled addresses cut AMD-linked long positions by about $1.88 million and short positions by about $6.76 million. AMD open interest by contract count fell about 35.7%. Across memory-linked contracts, long positions declined about $2.11 million and shorts about $21.32 million.