On September 28, NEBIUS fell 3.16% in regular trading, trading at 229.25 USD/share, with turnover of approximately $1.58 billion. The decline was driven by a convergence of bearish signals from prominent investors and institutional analysts.

On the news front, renowned investor Michael Burry — the real-life figure behind The Big Short — reiterated his bearish stance on multiple AI core companies including NEBIUS, noting that his short positions have expanded from semiconductors to a full-chain short net covering storage and AI infrastructure. Burry emphasized the scale of his operation as quite substantial, having previously disclosed an increased short position specifically in NEBIUS.

Adding to the downward pressure, Rothschild & Co Redburn initiated coverage of NEBIUS with a Sell rating and an $84 price target, dramatically below the analyst consensus target of $282.50. The stock had rallied sharply in prior sessions — surging over 7% on September 24 and nearly 6% on September 22 — accumulating significant short-term gains that heightened profit-taking pressure. Meanwhile, options market activity showed large-block sellers of out-of-the-money calls near $270, signaling institutional skepticism toward further upside.

(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.)