Intel’s US$440bil surge draws short sellers

A SCORCHING rally in Intel Corp shares is threatening huge losses for traders wagering that they’re due to fall. But that isn’t stopping them from placing those bets. 

Since hitting a low on March 30, the chipmaker’s stock price has soared 214%, adding more than US$440bil to its market capitalisation and pushing short-sellers’ paper losses above US$12bil, according to data from S3 Partners.