--- title: "Half Of Nebius' Value Is Hiding In Plain Sight — And Wall Street's Missing It" description: "Nebius Group NV (NBIS) is undervalued in the AI infrastructure sector, with a market cap of $12 billion. Analysts estimate its subsidiaries are worth $3.7 to $5.7 billion, including stakes in ClickHou" type: "news" locale: "en" url: "https://longbridge.com/en/news/249814755.md" published_at: "2025-07-23T17:11:39.000Z" --- # Half Of Nebius' Value Is Hiding In Plain Sight — And Wall Street's Missing It > Nebius Group NV (NBIS) is undervalued in the AI infrastructure sector, with a market cap of $12 billion. Analysts estimate its subsidiaries are worth $3.7 to $5.7 billion, including stakes in ClickHouse, Toloka, and Avride. Stripping these values reveals investors are paying only $7–9 billion for Nebius's core business, projected to generate $750 million to $1 billion in annual recurring revenue by 2025. Despite its asset-rich, debt-free status, Wall Street overlooks Nebius, favoring riskier AI investments. This presents a unique opportunity for investors to acquire growth at a discount. **Nebius Group NV** NBIS might be the most underappreciated player in AI infrastructure today. At a $12 billion market cap, it's trading like a mid-cap growth story. ## **Billions In Plain Sight — Still Ignored** But a closer look by **Ng Investing** on X revealed the company is sitting on $3.7 to $5.7 billion worth of subsidiaries — hidden in plain sight, yet not fully priced in by the market. Take **ClickHouse**: Nebius owns 28% of the open-source database firm, last valued at $6 billion. That alone is worth $1.68 billion. Add **Jeff Bezos**\-backed **Toloka**, estimated at $1–2 billion, and autonomous vehicle platform **Avride**, also pegged at $1–2 billion, and Nebius's partial stakes in these companies amount to a massive chunk of its market cap. **Read Also: Nebius Emerges As Neutral AI Cloud Alternative, Deepens Ties With Nvidia, OpenAI, Microsoft: Analyst** ## **What You're Really Paying For** Strip out the subsidiary value, and investors are effectively getting Nebius's core AI infrastructure business for just $7–9 billion. That business, per management’s latest guidance, is expected to generate $750 million to $1 billion in annual recurring revenue by the end of 2025 — growing at triple-digit rates. At 7x–9x forward ARR, Nebius is trading well below the multiples assigned to other AI players. Compare that to **CoreWeave Inc** CRWV, which is burning over $1 billion per quarter and saddled with $7.5 billion in debt — yet still commanding attention and valuation multiples that ignore risk. Nebius, by contrast, is debt-free, diversified, and sitting on monetizable assets. ## **Wall Street Might Be Looking The Other Way** The market continues to reward risky, debt-heavy AI bets while missing what's right in front of it: a fast-growing, asset-rich company quietly trading at a discount. While CoreWeave stock is up 216.48% year-to-date, Nebius has gained 68.27% over the same period. If Wall Street keeps overlooking the $5 billion sitting inside Nebius's portfolio, it may be handing savvy investors a rare shot at buying core AI growth with a multi-billion-dollar bonus built in. This isn't just a conglomerate discount — it's a visibility issue hiding in plain sight. - **The Inverse Cramer AI Play: How Nebius Combines Tesla Vibes With Nvidia Muscle** *Photo: Shutterstock* ### Related Stocks - [NBIS.US - Nebius](https://longbridge.com/en/quote/NBIS.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Nvidia-Backed Nebius (NBIS) Has Crashed 24%— But Whales Are Treating It Like A Fire Sale | Nvidia-backed Nebius Group (NASDAQ:NBIS) has seen a 24% drop in stock price over the past week, yet institutional trader | [Link](https://longbridge.com/en/news/262295808.md) | | Fresh List of Stocks With Short Squeeze Potential | A recent report highlights stocks with potential for a short squeeze, focusing on those with significant short interest. | [Link](https://longbridge.com/en/news/263356369.md) | | ConocoPhillips considers selling Permian assets worth $2 billion, Bloomberg News reports | Feb 20 (Reuters) - ConocoPhillipsis exploring a sale of some of its Permian Basin assets as part of a broader streamlini | [Link](https://longbridge.com/en/news/276478732.md) | | IronBridge Private Wealth LLC Has $905,000 Holdings in Apple Inc. $AAPL | IronBridge Private Wealth LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 77.3% in Q3, holding 3,555 shares valued | [Link](https://longbridge.com/en/news/276436345.md) | | Financial Advocates Investment Management Lowers Stock Position in Meta Platforms, Inc. $META | Financial Advocates Investment Management reduced its stake in Meta Platforms, Inc. by 66.7% in Q3, now holding 2,343 sh | [Link](https://longbridge.com/en/news/276432394.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.