News traders timed their short trades perfectly between two major Nvidia reports, with 3 million short positions already generating substantial profits.

According to TradingBeats’ monitoring, address 0x30af opened a new Nvidia (NVDA) short position worth approximately $3.1657 million at an average price of $169.57 at 05:58 Beijing time this morning. About half an hour later, The Wall Street Journal cited sources familiar with the matter as saying that Nvidia’s board of directors was preparing to remove Jensen Huang from his CEO post. When the report hit news feeds, NVDA futures dropped to around $156.14 within minutes, down roughly 10% from its U.S. stock market closing level. The short position was opened between the two reports. News release records show that The New York Times published a report about Jensen Huang and a Nvidia executive at around 05:57, when the after-hours stock price was already weakening. The address quickly initiated the short trade one minute later. After that, at around 06:28, The Wall Street Journal reported on the board’s move, and the decline widened immediately. Independent directors of Nvidia had previously announced publicly that they had hired external lawyers to launch an investigation. Approximately four and a half hours before opening the short position, this “smart money” had just closed out a long position it bought after CoreWeave’s earnings report the previous day, realizing about $97,900 in profits. As of press time, the Nvidia short position is still fully held, with a position value of approximately $3.03 million, an unrealized profit of about $133,800, and a full-position cover trigger order set at $167.