Movement Alert|NEBIUS Rises 5.72% in Pre-Market Trading, Technical Rebound After Prior 13% Plunge Amid Semiconductor Sector Strength

Market Focus08-07 20:38

On August 7, NEBIUS rose 5.72% in pre-market trading, trading at approximately $201.5/share, with turnover of $114 million. The stock had plunged 13.29% in the prior session to close at $189.88, making today's move a notable technical rebound.

On the news front, the semiconductor ETF rose 1.25% in pre-market trading, with broader sector sentiment recovery providing a tailwind for NEBIUS. In the options market, a $2.7 million sell order on $180 strike PUT contracts expiring August 21 appeared in the prior session, signaling institutional conviction that the $180 level represents strong support. Overall options flow skewed bullish despite short-term caution on upside magnitude.

Separately, notable investor Michael Burry disclosed a short position in NEBIUS, warning of off-balance-sheet leverage risks across the tech and cloud computing industry. However, the stock continued to trade higher in the pre-market session despite this bearish signal. The company is scheduled to report earnings on August 12, with market expectations of approximately 374% year-over-year revenue growth but an expected EPS loss of -$0.67, keeping uncertainty elevated heading into the report.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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