Investor Who Warned of 'Jensen Huang Risk' 6 Months Ago Has the Last Laugh... "Everyone Mocked Us Then"

Short seller Christian Lamarco
Published a 40-page short-selling report in May

A report by a short seller who warned months ago of an alleged affair involving Nvidia CEO Jensen Huang is now attracting attention.

On Wednesday (local time), The New York Times (NYT), The Wall Street Journal (WSJ) and other U.S. newspapers highlighted a report by Christian Lamarco, 31, founder of New York-based short-selling investment firm Culper Research. On May 13, Lamarco published a 40-page short-selling report raising questions about Nvidia's China business. It alleged that Huang and Alice Huang (Chinese name: Huang Le), an executive at Singaporean data center company Megaspeed, had a relationship that was uncomfortably close.

Nvidia CEO Jensen Huang and Alice Huang. AP-Yonhap News.

Lamarco began investigating after seeing reports last year by the NYT, Bloomberg and other foreign media that the two had socialized with executives from other technology companies in Asia. He paused the investigation for a time, believing it would be difficult to find issues at Nvidia that other investors had missed. He resumed it in March, after officials from U.S. server manufacturer Super Micro Computer were indicted on charges of violating export controls and smuggling Nvidia chips into China.

Lamarco completed the report after contacting current and former employees of Megaspeed and Nvidia and analyzing videos filmed in Singapore, Malaysia and Taiwan. The market showed little interest. Nvidia shares instead hit a record high the day after the report was published. Lamarco also received a warning telling him to "be careful." But the situation reversed when the alleged affair between Huang and Alice Huang came to light.

Lamarco told the NYT, "Everyone mocked us, but now everyone is praising us."

The Nvidia board is scheduled to meet on Wednesday to decide Huang's future at the company. The NYT reported that Huang also had an extramarital relationship with Kimberly Powell, a vice president in the company's healthcare division.

This content was produced with the assistance of AI translation services.