Nebius Stock Is Up 125% This Year. Burry Shorted It. Who Is Right?
TLDR
- NBIS stock dropped 31.1% in July but is still up 125% year-to-date
- Michael Burry disclosed a short position, triggering a 13.29% single-day drop
- Q1 revenue surged from ~$50M to $400M year-over-year
- Nebius raised $775M in debt in mid-July on top of $6.3B raised in Q1
- Q2 earnings are due Wednesday, Aug. 12
Nebius Group (NBIS) had a rough July. The AI cloud infrastructure company watched its stock fall 31.1% over the month, capping off a stretch that included a 13.29% single-day drop after hedge fund manager Michael Burry disclosed a short position.
Despite that, NBIS is still up 125% in 2026. The stock closed recently at $187.97, with a 52-week range of $62.01 to $299.86 and a market cap of around $47 billion.
The Burry short disclosure added fuel to existing questions around Nebiusโ data center expansion plans and whether the current valuation holds up under scrutiny.
Analysts at Simply Wall St put fair value at $245.43, suggesting the stock may be around 22.6% undervalued at current prices. That estimate leans heavily on the assumption that Nebius can sustain hyper-growth in AI compute infrastructure.
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