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Short sellers have lost $120 billion betting against the US stock market that's been powered by the AI boom

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June 20, 2023, 9:38 a.m. | Zahra Tayeb (ztayeb@businessinsider.com)

Business Insider www.businessinsider.com

Cumulative short positions in US stocks reached $1 trillion in June as investors grow concerned about overvalued stocks and a lack of market breadth, per the WSJ.

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