Nebius NBIS stock prediction: $390 bull vs $130 bear

The loudest argument about Nebius Group is not about whether AI demand is real. Both sides agree it is. Michael Burry, who disclosed a short on NBIS on 6 August at roughly $212 and added to it on 12 August at $247, is not claiming that customers will stop buying GPU hours. He is claiming that the depreciation schedules underneath the reported profits are wrong. That distinction is the whole story,…