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 2026-09-23.
Nebius Group N.V. · Technology
$217.99
+45.0% upside to fair value
Med Conviction
Grade B
VS
Taiwan Semiconductor Manufacturing Company Limited · Technology
$452.00
+13.9% upside to fair value
Med Conviction
Grade B
High Quality
QuantHub Verdict
NBIS 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 |
$217.99 |
$452.00 |
| Fair Value Estimate |
$316.09 |
$515.00 |
| Upside to Fair Value |
+45.0%
|
+13.9%
|
| Market Cap |
$52.3B |
$2,344.3B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
56.8x
|
19.2x
|
| Price / Sales |
38.6x
|
0.5x
|
| Price / FCF |
—
|
2.1x
|
| Revenue Growth YoY |
+454.0%
|
+36.0%
|
| Gross Margin |
58.6%
|
64.2%
|
| Operating Margin |
-49.3%
|
56.0%
|
| Return on Equity |
0.9%
|
39.3%
|
| Dividend Yield |
0% |
0.96% |
| FCF Yield |
—
|
47.62%
|
| Analyst Consensus |
Strong Buy
|
Buy
|
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…
Taiwan Semiconductor Manufacturing Company is the world's largest contract chipmaker, manufacturing advanced logic, mixed-signal, RF, and embedded memory wafers for high-performance computing, smartphones, IoT, and automotive customers from a base of 65,152 employees headquartered in Hsinchu, Taiwan. The business quality is exceptionally high: TTM gross margin is 64.2%, TTM operating margin is 56…
Accumulation Zones
| Metric |
NBIS |
TSM |
| Zone Low |
$237.07 |
$386.25 |
| Zone High |
$268.68 |
$437.75 |
| In Buy Zone? |
Yes
|
No
|