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 2026-09-26.
Nebius Group N.V. · Technology
$217.99
+45.0% upside to fair value
Med Conviction
Grade B
VS
Super Micro Computer, Inc. · Technology
$43.26
-4.2% upside to fair value
Med Conviction
Grade C
QuantHub Verdict
NBIS has more upside to fair value
(+45.0%).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
NBIS |
SMCI |
| Current Price |
$217.99 |
$43.26 |
| Fair Value Estimate |
$316.09 |
$41.44 |
| Upside to Fair Value |
+45.0%
|
-4.2%
|
| Market Cap |
$52.3B |
$28.0B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
56.8x
|
8.9x
|
| Price / Sales |
38.6x
|
0.7x
|
| Price / FCF |
—
|
—
|
| Revenue Growth YoY |
+454.0%
|
+93.2%
|
| Gross Margin |
58.6%
|
10.8%
|
| Operating Margin |
-49.3%
|
7.1%
|
| Return on Equity |
0.9%
|
25.1%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
—
|
—
|
| Analyst Consensus |
Strong Buy
|
Hold
|
Investment Thesis
Nebius Group N.V. is an Amsterdam-based AI infrastructure company, formerly Yandex N.V., that builds end-to-end GPU cloud clusters, cloud platforms and developer tools for demanding AI workloads, alongside Toloka AI data solutions, TripleTen education and Avride autonomous driving. The business is growing explosively, with revenue up 454.0% year over year in the most recent quarter, and it has de…
Super Micro Computer designs and sells modular, open-standard server and storage systems, with a growing franchise in liquid- and air-cooled AI racks such as the NVIDIA Vera Rubin NVL72, sold through direct, distribution and OEM channels to data center, cloud, AI, 5G and edge customers. The business quality is mixed: revenue grew 93.2% year over year and earnings grew 503.7% in the most recent qu…
Accumulation Zones
| Metric |
NBIS |
SMCI |
| Zone Low |
$237.07 |
$31.08 |
| Zone High |
$268.68 |
$35.22 |
| In Buy Zone? |
Yes
|
No
|