Burry Expands AI Shorts to Oracle, Micron and Nebius, Warning Debt Puts 2028 Boom on a Clock
Updated
Updated · Benzinga · Aug 14
Burry Expands AI Shorts to Oracle, Micron and Nebius, Warning Debt Puts 2028 Boom on a Clock
3 articles · Updated · Benzinga · Aug 14
Summary
Michael Burry added to bearish positions in Oracle, Micron and Nebius, arguing the AI build-out is nearing a peak even if a full bust is not imminent.
2028 is Burry’s base case for strain to hit, driven by debt-funded, circular financing that he says echoes 2000, with capital flowing through the AI ecosystem and back as revenue.
Nebius’ 454% revenue growth and pricing of $40 million to $50 million per megawatt for short-term compute versus $20 million to $25 million on landmark contracts reinforce his view that scarcity pricing is peaking.
Oracle’s negative free cash flow, BBB- rating and roughly $260 billion in future data-center lease commitments — alongside up to $95 billion in fiscal 2027 capex — make it vulnerable if compute becomes oversupplied.
Polymarket traders still assign only a 15% chance of a severe AI downturn before the end of 2026, underscoring how early Burry’s call remains.