A report by short seller Culper Research from May is resurfacing because it had flagged Jensen Huang's relationship with Alice Huang as "uncomfortably close" (Sarah Perez/TechCrunch)
Six months before the Nvidia spy scandal emerged, the New York-based short seller firm Culper Research …
A report from May by the New York-based short seller Culper Research is resurfacing, which flagged Jensen Huang's relationship with Alice Huang as "uncomfortably close," according to TechCrunch. The report included a photo of Huang and Huang together at a festive occasion.
Daring Fireball reports that Culper Research published the report alleging that Nvidia has a "China problem." The firm claims that while Nvidia stated its China business went to zero following April 2025 U.S. trade restrictions, over 20% of its FY 2026 compute revenues remained driven by China through illegal GPU diversion and Southeast Asian intermediaries.
Culper Research alleges that Nvidia has vouched for Megaspeed, its largest Southeast Asian chip buyer, as being owned by a company outside China with no Chinese shareholders. However, the firm claims to have uncovered documents suggesting Megaspeed has been secretly financed by Alibaba through shell companies. Daring Fireball also notes that the report on X suggests CEO Jensen Huang has walked alongside Megaspeed at every step and partied with Alice Huang in June 2024.
Brief written by urgent.news from Techmeme, Daring Fireball — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
