On September 29, NEBIUS rose 3.65% in regular trading, trading at approximately $241.25/share, with turnover of $4.84 billion.

On the news front, renowned investor Michael Burry — the real-life inspiration behind The Big Short — disclosed that he has closed his direct short position in NEBIUS and replaced it with out-of-the-money put options expiring in June with strike prices in the double-digit range. Burry noted that while he still believes the AI bubble may burst sooner than expected, the low VIX environment and cheap option pricing make puts a more capital-efficient vehicle offering higher leverage than outright shorting.

Burry had previously emphasized that his NEBIUS short was of considerable size. The unwinding of that direct short mechanically reduces near-term selling pressure on the stock, providing price support. Separately, investment bank Rothschild & Co Redburn had initiated coverage on NEBIUS with a Sell rating and an $84 price target, far below the analyst consensus target of $282.50, while Truist recently initiated coverage with a Buy rating and a $355 target, highlighting the sharp divergence in institutional views on the stock.

(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.)