Michael Burry Re-Enters Oracle Short and Opens New Nebius Position
TLDR
- Burry opened new short positions in Oracle at $144.63 and Nebius Group at $211.77
- He closed a previous Oracle short earlier in the week before re-entering
- Burry remains short on Palantir despite the stock surging nearly 30% after strong earnings
- Palantir reported Q2 revenue of $1.94 billion, beating Wall Street estimates
- Burry added to long positions in Flutter Entertainment, Fiserv, Zoetis, and Mercado Libre
Michael Burry, the investor known for predicting the 2008 housing crash, has re-entered a short position on Oracle and added a new short on Nebius Group. He also kept his bearish bet on Palantir in place, even after the company posted blowout earnings.
Burry shorted Oracle at $144.63 per share. This came just days after he closed an earlier Oracle short, which he said delivered substantial profit. He noted he may have re-entered if volatility came down, and it did.
He also opened a direct equity short on Nebius Group at $211.77. Burry chose not to use options because implied volatility on Nebius puts exceeded 100%, making them too expensive.
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