One of the market's most famous investors just bet against a company Nvidia (NVDA) is backing: Nebius Group (NBIS). A few weeks ago, Nvidia disclosed a 9.3% stake in the company, sending NBIS stock up 16% in a single day. Then, on Aug. 6, Michael Burry revealed he had shorted it. The investor who called the 2008 housing crash is now betting against one of the biggest winners of the AI boom. The stock, which had been trading around $226 in early August, fell to roughly $186 within days of his disclosure.
Burry's argument isn't really about Nebius alone. He shorted Oracle (ORCL) at the same time and pointed to a wider problem he sees across AI infrastructure. Burry believes that if the demand slows, companies taking on heavy debt and long-term commitments could be in serious trouble. Nebius is a company that he thinks fits this profile. The company raised its 2026 capital spending guidance to a range of $20 billion to $25 billion, while its long-term debt more than doubled to $8.4 billion. For a bear, that's the whole case.
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Burry's argument isn't really about Nebius alone. He shorted Oracle (ORCL) at the same time and pointed to a wider problem he sees across AI infrastructure. Burry believes that if the demand slows, companies taking on heavy debt and long-term commitments could be in serious trouble. Nebius is a company that he thinks fits this profile. The company raised its 2026 capital spending guidance to a range of $20 billion to $25 billion, while its long-term debt more than doubled to $8.4 billion. For a bear, that's the whole case.
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The Nvidia-SpaceX Deal Is Sending a Clear Signal on AI Dominance
Rocket Lab Investors Have Plenty to Cheer Ahead of Q2 Earnings Today
#NVIDIA #Stock
8 days ago
