That sounds bad, but the sell off has pushed Nvidia’s valuation to its lowest since 2019, even as the company posted a record quarter. The gap between a cheaper stock and a business still growing fast is what makes Nvidia worth a close look right now. Its new Vera server CPU targets a $200 billion market, with $20 billion in Vera revenue expected this fiscal year alone despite only recently shipping as a standalone product. Short sellers are more skeptical of AMD, with 2.45% of its float sold short against 1.39% for Nvidia. Any softening in orders, or fresh detail on the OpenAI financing arrangement, would give skeptics more to work with.