NBIS vs SMCI: Which Is the Better Buy?
Side-by-side comparison of Nebius Group N.V. and Super Micro Computer, Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-08-06.
Nebius Group N.V. · Technology
$218.99
+11.9% upside to fair value
Med Conviction
Grade C+
VS
Super Micro Computer, Inc. · Technology
$30.66
+45.0% upside to fair value
Grade B
QuantHub Verdict
SMCI has more upside to fair value
(+45.0%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
NBIS |
SMCI |
| Current Price |
$218.99 |
$30.66 |
| Fair Value Estimate |
$245.00 |
$44.46 |
| Upside to Fair Value |
+11.9%
|
+45.0%
|
| Market Cap |
$52.6B |
$18.4B |
| Forward P/E |
—
|
14.7x
|
| EV / EBITDA |
—
|
13.6x
|
| Price / Sales |
59.9x
|
0.6x
|
| Price / FCF |
—
|
-2.7x
|
| Revenue Growth YoY |
+684.0%
|
+122.7%
|
| Gross Margin |
48.0%
|
8.4%
|
| Operating Margin |
-68.8%
|
4.5%
|
| Return on Equity |
—
|
18.2%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
-4.7%
|
—
|
| Analyst Consensus |
Buy
|
Hold
|
Investment Thesis
Nebius Group is a fast-scaling neocloud GPU infrastructure provider spun out of Yandex's international assets, positioned at the center of the AI compute buildout with a validated capital relationship to Nvidia, which holds a 9.3% stake following a $2 billion investment. Revenue grew 684% year over year in Q1 2026 to $399 million, core AI cloud ARR reached $1.92 billion, and the company has locke…
Super Micro Computer, Inc. is a technology company specializing in server and storage systems, with a strong focus on AI infrastructure. The business quality is medium due to its founder-led management with over 30 years of tenure, a widening moat driven by systems engineering and close partnerships with Nvidia, and rapid revenue growth of 122.7% in the most recent quarter. However, the company f…
Accumulation Zones
| Metric |
NBIS |
SMCI |
| Zone Low |
$184.00 |
$33.34 |
| Zone High |
$208.00 |
$37.79 |
| In Buy Zone? |
No
|
Yes
|