On August 18, NEBIUS declined 3.04% overnight, trading at $260.8/share, with turnover of $23.37 million.

On the news front, persistent bearish pressure from options markets and prominent short sellers weighed on the stock. A massive $18.2 million bear put spread was placed on August 15, constructed by buying the 350 PUT and selling the 200 PUT with January 2027 expiration, expressing a clear medium-to-long-term bearish stance. Renowned investor Michael Burry, known for predicting the 2008 financial crisis, has been actively increasing short positions in NEBIUS, calling the company an epitome of the boom peak and describing AI infrastructure pricing as backwardation where short-term prices are double long-term contracts.

Additionally, non-executive director Ryan Charles E filed plans to sell approximately 50,000 shares worth roughly $12.75 million. Market concerns also persist regarding the company's remaining performance obligations tilting toward shorter-term contracts, raising questions about revenue sustainability despite Q2 revenue surging 454% to $582.3 million.

(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.)