Markets· August 16, 2026 at 03:30 p.m.
Michael Burry's Bearish Bet Against Nebius Stock Amid AI Boom
Key takeaways
- Michael Burry increased his short position in Nebius Group
- NBIS reported a strong Q2 with revenue more than quintupling
- Burry's concerns are about the accounting practices of AI infrastructure companies
Investor Michael Burry, known for predicting the 2008 housing crash, has increased his short position in Nebius Group (NBIS), an Amsterdam-based AI cloud provider. Despite NBIS reporting a strong Q2 with revenue more than quintupling and a surge of over 34%, Burry remains bearish due to concerns about the accounting practices of AI infrastructure companies, particularly regarding depreciation schedules for GPUs. Burry's short position against NBIS is priced at $265, while analysts project revenue to grow from $3.41 billion in 2026 to $53 billion in 2030.
