On September 28, NEBIUS fell 3.02% in pre-market trading, trading at approximately $230.19 per share, with turnover of around $18.11 million.

On the news front, renowned investor Michael Burry — the real-life figure behind The Big Short — reiterated his bearish stance on AI infrastructure stocks, including NEBIUS. Burry disclosed that he has increased his short position in NEBIUS, describing the scale as quite substantial. His short coverage has expanded from semiconductors to a full-chain short net spanning storage and AI infrastructure names. Additionally, Rothschild & Co Redburn initiated coverage on NEBIUS with a Sell rating and a target price of just $84, significantly below the analyst consensus target of $282.50.

The broader Systems Software sector traded lower, with Microsoft down 0.48%, Oracle down 1.92%, CrowdStrike down 1.14%, Palo Alto Networks down 1.11%, and Zscaler down 1.48%, reflecting widespread pressure across the space. The stock had surged over 7% on September 24 and nearly 6% on September 22, leaving accumulated profit-taking pressure heading into this session.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)