Kakashii's Materials
Attorney | Due Diligence and Red Flags | AI, Semiconductors and the Magnificent 7 | Technology focusing on China | [email protected]
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What they write about
Due-diligence style research on artificial intelligence and semiconductor companies, written by an attorney with close attention to disclosure and red flags. Recurring subjects include the neocloud sector and its financing structures, GPU supply and vendor arrangements, memory market cycles, and where data-centre demand actually originates.
- artificial intelligence
- semiconductors
- due diligence
- data centres
- financial disclosure
Recent examples: Oracle: Hyperscaler or Neocloud? A Look into Q1 FY2027 · A read into Nebius' Q2 Earning Report
Written from Kakashii's Materials’s own published post titles and openings in Sep 11, 2026. It describes the subjects the newsletter covers, not its views, and is not investment advice.
Growth history
Subscribers (thousands, nightly)
28K on Sep 10, 2026 → 29K on Sep 30, 2026
Followers (thousands, nightly)
Rank in Substack’s finance leaderboard: #311 today · #162 a week ago
Stats worth sharing
Tracked since Sep 10, 2026 — 21 daily snapshots so far. The card below is built from what we track and refreshes nightly.
- Percentile
- Top 60%
- Best rank seen
- #93
- Rank, 7 days
- −149 places
- Subscribers added
- +1.0K
- Posts
- 1
- Reactions per post
- 63
- Reactions tracked
- 814
of 525 ranked finance newsletters
on Sep 12, 2026
since tracking began
last 30 days
average, recent posts
across 13 posts
Most-reacted post we have seen: The Neoclouds Series, Part 1: Nebius — 256 reactions on Jul 24, 2026.
Recent posts
- Oracle: Hyperscaler or Neocloud? A Look into Q1 FY2027
- A read into Nebius' Q2 Earning Report
Nebius was my first coverage when I started the “The Neoclouds Series”, where I plan to cover the major neoclouds companies, their history, their business plan, financials, their dependency on Nvidia and whether they have path to profitability in future, if at all, and more. Nebius is one of the fewest neoclouds that received lots of attention, bullish takes and a big investor community believing that Nebius could stand out post-AI bubble day. But as I covered extensively in my Nebius’ article , while It stands out in term of company’s history, the company prior experience and their assets…
- The Neoclouds Series, Part 2: CoreWeave
Introduction This is the second article in my series working through the neocloud sector, the fast-growing AI infrastructure companies that buy Nvidia systems, assemble data centers around them, and rent the resulting compute to hyperscalers, AI labs, and other companies that need compute for their AI usage. Part 1 covered Nebius . Part 2 covers a company that was one of the first in the “neocloud” sector, but this is not about how early it was. CoreWeave invented and defined many of the terms and creative accounting practices that are now widely used by other competitors in the sector. Not…
- SpaceX: "AI" Revenue, CIP, Nvidia GPUs, Datacenters, and the Imaginary GWs
SpaceX reported its Q2 earnings on August 4th, 2026, and since I had already been working on an article about SpaceX, I saw this as an opportunity to extend my original piece with the new data from that report, both from the earnings call and the earnings release (together with any other public data out there). In this article, I will talk solely about its AI Segment. While SpaceX is, in origin, a space related company, its AI Segment can reveal a lot about the bad habits of the AI industry: how AI Revenue is counted, what’s hidden in CIP, where all these Nvidia GPUs that everyone says are in…
- SSI x Nvidia: The Recent Deal in Nvidia's Cloud Credits/GPU Economy
Today SSI and Nvidia announced a long-term partnership in which SSI will get access to Nvidia’s Vera Rubin GPU platform, while Nvidia will increase its investment in SSI. Nvidia is already an existing investor in SSI. This kind of deal demonstrates the Cloud Credits/GPU Economy, which is not new to us. It has been going strong since 2023; we are just now witnessing it more frequently and with much bigger figures. These deals are very important for Nvidia.
- The Neoclouds Series, Part 1: Nebius
Introduction to the Neocloud Series This is the first entry in a series working through the neocloud sector: the fast-growing class of AI infrastructure companies, including Nebius, CoreWeave, IREN, Nscale, Lambda, and others, that exist largely to buy Nvidia GPUs, build data centers around them, and rent the resulting compute to hyperscalers and AI labs. Since companies first began becoming neoclouds, I have been pointing out that Jensen found an opportunity to diversify his customer base beyond the very few hyperscalers, and a genius way to generate demand for Nvidia by adopting them and…
- THE MEMORY MACHINE
In February 2024, Marc Garciaguirre bought a 16-gigabyte memory kit for a laptop upgrade on Amazon for about the price of a nice dinner. Eighteen months later, he was back on the same website, paying nearly four times as much for a comparable part. He is now a named plaintiff in a federal antitrust suit that accuses the three companies that make almost all of the world’s memory chips of doing something the industry has done twice before: agreeing, without ever quite saying so, to make less. The suit , filed in the Northern District of California on June 25, 2026, against Samsung Electronics…
- Let's Break Down Where NVIDIA's Datacenter Demand' Actually Comes From
- Thoughts of the Week - June 28, 2026
- The Perpetual Gambler: How Masayoshi Son Is Betting SoftBank’s Future on OpenAI
- Thoughts of the Week - June 22, 2026
- The Great RPO Illusion: Microsoft, OpenAI, Nvidia, and the Neoclouds
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