NBIS vs TSM: Which Is the Better Buy?
Side-by-side comparison of Nebius Group N.V. and Taiwan Semiconductor Manufacturing Company Limited — 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
Taiwan Semiconductor Manufacturing Company Limited · Technology
$409.74
+45.0% upside to fair value
Grade C
High Quality
QuantHub Verdict
TSM has more upside to fair value
(+45.0%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
NBIS |
TSM |
| Current Price |
$218.99 |
$409.74 |
| Fair Value Estimate |
$245.00 |
$594.12 |
| Upside to Fair Value |
+11.9%
|
+45.0%
|
| Market Cap |
$52.6B |
$2,125.1B |
| Forward P/E |
—
|
38.8x
|
| EV / EBITDA |
—
|
17.6x
|
| Price / Sales |
59.9x
|
14.5x
|
| Price / FCF |
—
|
58.4x
|
| Revenue Growth YoY |
+684.0%
|
+36.0%
|
| Gross Margin |
48.0%
|
61.9%
|
| Operating Margin |
-68.8%
|
53.2%
|
| Return on Equity |
—
|
36.9%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
-4.7%
|
1.71%
|
| Analyst Consensus |
Buy
|
Strong Buy
|
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…
Taiwan Semiconductor Manufacturing Company Limited (TSM) is a leading semiconductor foundry specializing in advanced chip manufacturing technologies. The company exhibits high business quality with a durable competitive moat driven by cost advantages, intangible assets, and strong brand recognition. It demonstrates robust profitability with a net margin of 47.0% and a return on equity of 36.9%. R…
Accumulation Zones
| Metric |
NBIS |
TSM |
| Zone Low |
$184.00 |
$445.59 |
| Zone High |
$208.00 |
$505.00 |
| In Buy Zone? |
No
|
Yes
|