Nebius Group N.V., NBISEven with July’s setback, NBIS maintains impressive year-to-date performance, climbing 125% in 2026. Burry’s short position disclosure intensified ongoing debates surrounding Nebius’ aggressive data center buildout strategy and whether its current stock price reflects realistic fundamentals. This projection depends substantially on Nebius maintaining its aggressive expansion trajectory in AI computing infrastructure. This followed an enormous $6.3 billion capital raise in Q1, comprising a $2 billion equity stake from Nvidia alongside $4.3 billion through convertible instruments. The magnitude of capital expenditure presents a critical consideration: will revenue expansion match the aggressive spending trajectory?