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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

EXPLAINED: Big short michael burry bets against oracle and nebius says ai profits dont add up | Rare Historical Photos

Michael Burry continues to warn of an AI bubble. (Credit: NASA, @michael_burry_economist/INSTAGRAM, IBTimes UK)

'The Big Short's' Michael Burry, who predicted the 2008 crash way before it happened, revealed in a Thursday Substack post that he bet against Oracle at $144.63 per share and Nebius Group at $211.77 apiece.

Burry recently exited from a short position on Oracle, but had warned he might place puts again. 'These were the January 2027 low 100s strikes, and I decided not to roll them. The profit there was substantial, and so I left it at that. Should volatility come down, I may re-enter Oracle puts,' Burry had just stated before disclosing the latest shorts.

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