Michael Burry Re-Enters Oracle Short and Opens New Nebius Position

TLDR

• Burry opened new short positions in Oracle at $144.63 and Nebius Group at $211.77
• He closed a previous Oracle short earlier in the week before re-entering
• Burry remains short on Palantir despite the stock surging nearly 30% after strong earnings
• Palantir reported Q2 revenue of $1.94 billion, beating Wall Street estimates
• Burry added to long positions in Flutter Entertainment, Fiserv, Zoetis, and Mercado Libre

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Michael Burry, the investor known for predicting the 2008 housing crash, has re-entered a short position on Oracle and added a new short on Nebius Group. He also kept his bearish bet on Palantir in place, even after the company posted blowout earnings.

Burry shorted Oracle at $144.63 per share. This came just days after he closed an earlier Oracle short, which he said delivered substantial profit. He noted he may have re-entered if volatility came down, and it did.

Oracle Corporation, ORCL

He also opened a direct equity short on Nebius Group at $211.77. Burry chose not to use options because implied volatility on Nebius puts exceeded 100%, making them too expensive.

His view on cloud and tech companies centers on leverage. He has said multiple firms carry long-term lease obligations that far outweigh their current sales.

Burry Stays Short on Palantir Despite Strong Quarter

Palantir reported second-quarter revenue of $1.94 billion, up 93% year over year, beating Wall Street’s estimate of $1.80 billion. Adjusted earnings came in at 41 cents per share, ahead of the 35-cent forecast.

US commercial revenue jumped 149% to $764 million. US government revenue rose 90% to $809 million. Management raised full-year revenue guidance to between $8.150 billion and $8.158 billion.

Palantir shares surged nearly 30% following the results. Despite this, Burry has not closed his short position.

Analysts at Jefferies warned that Palantir’s valuation leaves little room for any slowdown in growth or execution. Analyst Brent Thill said the risk-reward is unfavorable because the share price requires unusually strong and durable growth to hold up.

Burry’s short does not require Palantir’s sales to fall. It only requires that growth or investor enthusiasm slow enough for the valuation to compress.

Long Positions Show Burry Still Sees Value Elsewhere

While bearish on some tech names, Burry added to several long holdings after their latest earnings.

He expanded his stake in Flutter Entertainment to a full position following its earnings release. He also added to his Fiserv position when shares dipped to $52, against his average entry of $48.

On Zoetis, Burry acknowledged softer North American pet spending but said the company remains fundamentally sound. He held his Mercado Libre position at a current price of $1,782, above his average buy price of $1,611, and said he would add more if shares fell toward $1,500.

Burry closed his bullish Microsoft trade and his remaining Oracle short during the same update period, showing he adjusts positions when conditions change. His Palantir short remains open as of his latest filing.