Short sellers target the new cloud stocks! Five companies including Nebius (NBIS.US) have been sold short by about $17 billion, with short sellers sitting on a floating profit of $6 billion this month.

Zhitong Finance APP notes that short sellers capitalized on the October selloff in AI infrastructure stocks, and month-to-date, bearish bets against five U.S. data center and "neocloud" companies have generated approximately $6 billion in paper profits.