Burry Bets Bearish on Nebius, Reveals Large NBIS Short
Prominent investor Michael Burry disclosed a sizable short against Nebius Group NV (NBIS) at $212 per share on Aug. 7, citing execution risks, long-term lease commitments, and questions about customer demand durability; Nebius has been expanding its AI cloud operations, reporting Q1 revenue of $399 million and an annualized run-rate around $1.92 billion with about 45% EBITDA margin, but the size of Burry's bet relative to his portfolio was not disclosed as NBIS stock has shown volatility amid the sector's rapid growth in AI infrastructure.