A read into Nebius' Q2 Earning Report
Nebius' Q2 earnings review assesses AI cloud economics, Nvidia dependency and its route to profitability.
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Kakashii's Materials
Everything we have picked from this writer, newest first.
The Neoclouds Series, Part 2: CoreWeave
CoreWeave built the most leveraged neocloud model, stockpiling Nvidia GPUs and renting AI compute from rapidly expanded data centers.
SSI x Nvidia: The Recent Deal in Nvidia's Cloud Credits/GPU Economy
Nvidia will expand its investment in SSI and provide access to its Vera Rubin GPU platform, extending the cloud credits and GPU financing…
The Neoclouds Series, Part 1: Nebius
Nebius opens a series arguing Nvidia-backed neoclouds absorb the debt and construction risk of AI data centers while driving GPU demand.
THE MEMORY MACHINE
Samsung, SK Hynix and Micron face an antitrust suit alleging coordinated memory supply cuts drove contract prices up 697% since late 2024…
Let's Break Down Where NVIDIA's Datacenter Demand' Actually Comes From
Nvidia reported more than $75 billion in fiscal Q1 2027 data center revenue and reorganized reporting around hyperscalers and AI clouds,…
Thoughts of the Week - June 28, 2026
OpenAI and Anthropic's IPO ambitions collide with AI-driven memory shortages that Apple says are forcing product price increases.
The Great RPO Illusion: Microsoft, OpenAI, Nvidia, and the Neoclouds
OpenAI commitments can be counted as Microsoft RPO, Nvidia revenue and neocloud backlog, layering claims on the same underlying demand.
The Singapore Billing Location: How Nvidia Masked Its True China Footprint
Nvidia’s switch from billing location to customer headquarters reclassifies geographic revenue and exposes a larger China footprint through…
The Dynamics of Inventories, Demand, Friendships, and Risk
Nvidia’s 14th straight beat-and-raise came with a clean balance sheet, while inventory risk tied to Blackwell GPUs has shifted elsewhere.
