Shorted NBIS for $5.7 million today. This is why.

To start off, I wanted to acknowledge Nebius is a great company. Its stock price has just been completely disconnected from reality lately. When Arkady Volozh left Yandex and kept Nebius assets instead of his shares, many thought he was crazy, turns out it was a visionary decision. The business Volozh has built at $NBIS is the true mark of a great entrepreneur. Yet, even Volozh is a seller of Nebius stock, selling this year 10% of his position at prices starting $100/share. In fact, company insi

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