Wall Street Journal: Six months ago, Culper Research published a report outlining its case against Nvidia, which had become the most valuable company in the world by making the chips that power the global AI economy.
His investigation raised questions about Nvidia’s business in China and what he called an “uncomfortably close” relationship between CEO Jensen Huang and a woman named Alice Huang, who was an executive at one of the company’s major business partners in Southeast Asia. The 40-page report summarized the firm’s short position in a simple thesis.
“This is not a bet against AI,” Culper wrote. “We are short Nvidia for one reason: the company has a significant China problem.” …