Nvidia short-seller warned in May of CEO Jensen Huang’s ties to suspected Chinese spy

November 11, 2026 / 2:12 PM EST / CBS News

Recent revelations about Nvidia CEO Jensen Huang's links to a suspected Chinese spy have shocked investors, with the chipmaker's valuation sinking $450 billion over two days.

But the relationship, now under investigation by Nvidia, was foreshadowed in May by a little-known Wall Street "short seller," Christian Lamarco of New York City-based Culper Research, who published a 40-page report highlighting Huang's ties to Alice Huang (no relation), a former television reporter and financial industry executive.

Short-sellers use a trading strategy that yields profits when a company's shares decline, and Culper disclosed in its report that it had bet against Nvidia's stock. Short-sellers often publish research to demonstrate why a company is overvalued, aiming to convince other investors to sell the stock, thereby driving the shares lower and boosting their profits.

Lamarco, who didn't immediately respond to requests for comment, based his report on Nvidia on interviews with employees of Chinese companies, Singaporean and Malaysian corporate filings, and social media posts that appeared to show Jensen Huang and Alice Huang socializing together at various events.

The report also outlined Culper's rationale for claiming that Nvidia's high-powered chips were being diverted to China…

Original source: https://www.cbsnews.com/entertainment/