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Short-sellers have lost $7.1 billion betting against this year's hottest tech stocks

The run-up in tech stocks has fueled the overall market to all-time highs this year. And while many investors may be cheering, short sellers have lost a fortune.

The so-called “FANG” stocks—Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Alphabet (GOOGL)—have burned short investors, according to data from financial analytics firm S3. Year-to-date, Facebook short-sellers have lost $948 million, Amazon short-sellers have lost $1.5 billion, Netflix short-sellers have lost $1.6 billion, and Alphabet short-sellers have lost $1.1 billion.

Microsoft (MSFT) and Apple (AAPL), two tech stocks that Goldman Sachs included in their “FAAMG” acronym, have lost $500 million and $1.5 billion for short-sellers this year, respectively.

Combined, the “FANG”/”FAAMG” names have cost short-sellers $7.1 billion just this year.

Other high-fliers like Nvidia (NVDA) and Tesla (TSLA) have also added pain to those betting against their stocks. Nvidia short-sellers have lost $1.5 billion this year. The Tesla shorts...