On August 7, Michael Burry revealed a new short position in Nebius Group (NBIS). Rather than paying what he described as exorbitant prices for puts, Burry chose to short the equity directly. The move represents a particularly clear bearish call on a rapidly growing AI infrastructure company. Michael Burry’s timing is particularly notable because Nvidia (NVDA) recently disclosed a 9.3% stake in Nebius. Moreover, multiple comparisons have also favored NBIS over CoreWeave (CRWV) as the stronger of the two major neocloud companies. In fact, I also pointed this out in my Nebius vs. CoreWeave article a while back. Burry’s trade raises a key question: Does he believe Nebius is nearing the peak valuation, or is the market simply overestimating a company that many investors see as one of the sector’s strongest players?
