[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Alvaro Mysterio [@AlvaroMysterio](/creator/twitter/AlvaroMysterio) on x 4781 followers Created: 2025-07-23 17:36:52 UTC A closer look by at $NBIS revealed the company is sitting on $XXX to $XXX billion worth of subsidiaries — hidden in plain sight, yet not fully priced in by the market. Take @ClickHouseDB : $NBIS owns XX% of the open-source database firm, last valued at $X billion. That alone is worth $XXXX billion. Add Jeff Bezos-backed Toloka, estimated at $1–2 billion, and autonomous vehicle platform @Avrideai , also pegged at $1–2 billion, and Nebius's partial stakes in these companies amount to a massive chunk of its market cap. 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 $XXX million to $X billion in annual recurring revenue by the end of 2025 — growing at triple-digit rates. At 7x–9x forward ARR, $NBIS is trading well below the multiples assigned to other AI players. Compare that to $CRWV, which is burning over $X billion per quarter and saddled with $XXX billion in debt — yet still commanding attention and valuation multiples that ignore risk. $NBIS, by contrast, is debt-free, diversified, and sitting on monetizable assets.  XXXXXX engagements  **Related Topics** [$nbis](/topic/$nbis) [Post Link](https://x.com/AlvaroMysterio/status/1948074848703410355)
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Alvaro Mysterio @AlvaroMysterio on x 4781 followers
Created: 2025-07-23 17:36:52 UTC
A closer look by at $NBIS revealed the company is sitting on $XXX to $XXX billion worth of subsidiaries — hidden in plain sight, yet not fully priced in by the market.
Take @ClickHouseDB : $NBIS owns XX% of the open-source database firm, last valued at $X billion. That alone is worth $XXXX billion.
Add Jeff Bezos-backed Toloka, estimated at $1–2 billion, and autonomous vehicle platform @Avrideai , also pegged at $1–2 billion, and Nebius's partial stakes in these companies amount to a massive chunk of its market cap.
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 $XXX million to $X billion in annual recurring revenue by the end of 2025 — growing at triple-digit rates.
At 7x–9x forward ARR, $NBIS is trading well below the multiples assigned to other AI players.
Compare that to $CRWV, which is burning over $X billion per quarter and saddled with $XXX billion in debt — yet still commanding attention and valuation multiples that ignore risk.
$NBIS, by contrast, is debt-free, diversified, and sitting on monetizable assets.
XXXXXX engagements
Related Topics $nbis