Crypto trader CBB is building a larger bearish position against the AI hardware trade. Address tracking cited in the source shows that he kept adding to a Nvidia (NVDA) synthetic short on Hyperliquid, lifting the position from $15.8 million to $18.6 million. The reported average entry price is $188. With Nvidia referenced at about $177, the position is showing roughly $1.25 million in unrealized profit.
CBB is a well-known on-chain trader in crypto circles and has about 100,000 followers on X. The source says he drew broad attention in 2025 after publicly organizing a hunt against a BTC short whale worth several hundred million dollars. Now his focus has shifted from crypto to U.S. equities tied to the AI supply chain.
Nvidia short grows on Hyperliquid
According to Coinbob address monitoring, CBB used Hyperliquid to keep increasing his NVDA synthetic short before the U.S. stock market close. The move from $15.8 million to $18.6 million suggests a continued directional bet rather than a small hedge. He added size as the trade moved in his favor.
Nvidia is not the only name in the basket. The source says CBB also opened shorts in MU and SNDK, extending the trade across a wider set of AI-related hardware suppliers. Those positions bring his total bearish exposure on the AI supply chain to $30 million.
Strong earnings failed to support the stock
The source, citing CNBC, says Nvidia reported fourth-quarter results on February 26 that beat expectations on both revenue and EPS. Even so, the stock fell more than 5% in after-hours trading, wiping out about $260 billion in market value in a single day. That gap between headline earnings strength and share-price reaction has become part of the short thesis.
The debate now centers on whether AI spending can turn into real profit. The article says the Magnificent 7 are expected to spend more than $680 billion on AI capital expenditure in 2026, while returns on that investment remain unclear. It also notes concern over whether customers such as OpenAI could slow their purchasing pace, leaving revenue expectations for the next one to two quarters under pressure.