· 个股论点
涉及标的： $NBIS
没有大家想的那么久！ 我对过去提到的任何与金融相关的内容都有极其敏锐的记忆。所以我只是即兴拼凑线索，然后做一些额外的研究来核实 $NBIS 的事实。 我记得对于 Avride，人们一直将其与小型食品配送车联系在一起，所以想发布一篇关于自动驾驶出租车（Robotaxi）方面（这是主要机会）的更新、增长、机会以及他们具体业务的深度分析。 对于 Toloka，人们只是提起这个名字，但并不理解其估值、增长、客户或具体业务。所以想发这篇帖子。 Clickhouse 可能是大家最了解的一个，但人们没有意识到许多 Nebius 子公司的同比增长率都是三位数（通常 30-45% 就算很好了），所以 140% 是非常高的 lol。 当我提到分部加总估值（Sum of Part Valuation）被极度低估时，帮助人们自己得出这个结论，而不是只听我的一面之词，会更有帮助。所以我只是尝试提供我内部思考的论证。
Not as long as people think! I have an extremely sharp memory of anything financial related that gets mentioned in the past. So I just kind of piece things together on the fly and then do some additional research to double check facts for $NBIS. I remember for Avride people kept associating it with the small food delivery carts so wanted to post a deeper dive into the robotaxi aspect (which is the main opportunity) updates, growth, opportunity + what they do. For Toloka people just drop the name but don’t understand valuations, growth, customers, or what they do exactly. So wanted to make this post. Clickhouse is probably the most understood one but people don’t realize many of Nebius subsidiaries are growing triple digits Y/Y (usually 30-45% is good) so 140% is extremely high lol. When I talk about sum of part valuation being extremely undervalued, it helps for people to come to that conclusion themselves rather than taking my word for it. So I just try to provide the argument I’m thinking about internally