Earlier short-seller report resurfaces amid Nvidia inquiry

A May 2026 report by short seller Culper Research raised questions about Nvidia CEO Jensen Huang’s relationship with Megaspeed executive Alice Huang and alleged financial ties between Megaspeed and Alibaba. Nvidia’s board has since opened an inquiry; the allegations of chip diversion have not been independently verified in the supplied coverage.

• Culper Research’s May 13 report discussed Jensen Huang’s association with Alice Huang, an executive at Singapore-based Megaspeed, and described it as unusually close.· 2 sources
• Culper alleged that Alibaba financed Megaspeed through subsidiaries or apparent shell companies; the supplied reports do not establish that allegation as proven.· 2 sources
• Culper said Megaspeed’s liabilities and equity rose from $33 million at the end of 2023 to about $3 billion at the end of 2024, much of it in refundable deposits from an unidentified source.· 1 source
• Nvidia’s board announced an inquiry into whether Jensen Huang was targeted by a foreign intelligence effort, while saying it had no reason to believe national security or company secrets were compromised.· 1 source
• Culper is a short seller that could benefit financially from its allegations; the TechCrunch report says claims of illegal chip diversion have not been independently verified.· 1 source