Burry’s AI Bet Still Stands | Business and Finance News

Michael Burry, the legendary investor who famously bet against the housing market, just took a massive short position in AI cloud giant Nebius Group—claiming it’s even bigger than his Oracle bet. His concern? Nebius is overstating growth and hiding costs. But when Nebius dropped its Q2 numbers, revenue exploded 500% YoY to $575M, with an AI cloud run rate of $3B annually and improving margins. Burry’s core argument remains: the company’s accounting for hardware depreciation is misleading, inflating profits by extending equipment lifespans, and with $6B in Q2 capex, annualized depreciation could eventually exceed current earnings. Demand and funding look strong—but the real test is whether this explosive growth can actually turn a profit once the full infrastructure cost hits the books. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ced5be796183f6a8