Nvidia has arguably been at the centre of the AI revolution that has taken over the post-pandemic landscape, entering every horizon.
Now, Nvidia remain and its founder-CEO Jensen Huang remains at the centre of it, but with a different accent ot it.
Huang reported relationship with a Chinese spy is weighing on Nvidia shares Monday. Nvidia shares fell nearly 9% at their lowest point Monday before closing down 4.3%, as investors reacted to reports of the CEO’s affair.
But the story was not always hidden, as the New York-based short-seller, Culper Research, had something prophetic to say as early as May of 2026. Culper Research, which was founded by Christian Lamarco.
In May, the short seller warned of Huang’s alleged involvement with Alice Huang, a Chinese female tech executive, and published a report outlining its short position titled “Nvidia: The China Problem.”
NEW: We are short Nvidia $NVDA. We believe Nvidia has a significant China problem. Please see our full report and disclosures now available on our website, link in bio. https://t.co/oTaJyL7S2R
— Culper (@CulperResearch) May 13, 2026
Culper Research also theorised that Nvidia’s China business, lost because of export controls, had been redirected through Southeast Asia. It further alleged that Megaspeed, a major chip buyer in the region, was secretly funded by Chinese technology giant Alibaba through shell companies.
The firm cited financial records showing that Megaspeed’s total liabilities and equity rose from $33 million at the end of 2023 to about $3 billion by the end of 2024, with much of the increase consisting of refundable deposits from an unidentified source.
Culper’s report stated that documents showed Megaspeed has links to Alibaba. The New York Times also reported on Monday that a Commerce Department investigation into Megaspeed was stopped late last year following outreach from Nvidia.
In one of the posts on the thread, shared in May, the short-seller further added, “NVDA CEO Huang has walked alongside Megaspeed at every step, and seems to have a close relationship with Megaspeed’s Alice Huang. They partied together in June 2024 – same month as the Apex/Alibaba pledge- then dined together in May 2025 – just after US trade restrictions.”
The short-seller also added that multiple experts told them that NVIDIA has had the means to detect diversion both via pre-sale indicators – e.g., recently incorporated customers placing large orders, sales without warranties – and post-sale indicators – e.g., IP data, mismatched latency, servers “going dark.
The thread concluded with a message reiterating that Culper Research are short and believes shares are headed lower, with a link to full disclosure.
Nvidia, while having initiated a probe into its own CEO, has not rejected or accepted Culper Research’s claims yet.
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Culper Research flagged Nvidia CEO Huang’s alleged Chinese spy connection 6 months before scandal