nbis stock short squeeze today?

 Nebius Group N.V. (NBIS) shares surged over 20% today, driven by a massive Q2 earnings beat and heavy short-covering. With roughly 24% of the float sold short—partly fueled by recent high-profile short disclosures—short sellers rushing to cover amplified the sharp upward price action. [1, 2, 3]

Earnings Catalyst and Performance

Revenue Explosion: Q2 revenue skyrocketed 454% year-over-year to $582.3 million, beating Wall Street expectations.
Profitability Turnaround: The company swung to an adjusted EBITDA profit of $236.2 million.
Raised Guidance: Management raised its 2026 contracted-power guidance to 5 GW, noting that demand continues to outpace available capacity. [1, 2, 3]

Short Squeeze Dynamics

High Short Interest: Around 24% of Nebius's float was sold short heading into the report following recent sector skepticism and short positioning (including a disclosed short position by Michael Burry). [1, 2, 3]
Forced Buying: The stellar revenue beat and strong forward outlook triggered rapid short-covering, adding intense upside momentum to the stock's double-digit breakout above its 50-day moving average. [1, 2]