Culper Research Accuses Nvidia Of Undisclosed China Business Through Alleged Diversion
Culper Research has released a short report alleging that more than 20% of Nvidia's FY 2026 compute revenues were driven by Chinese demand through illegal diversion and Southeast Asian intermediaries, despite the company claiming its China business dropped to zero after April 2025 trade restrictions. The firm also links Singapore-based Megaspeed International — a major buyer of Nvidia products — to Alibaba Group via shell companies.
Topics: Alibaba Group Holding China trade restrictions Culper Research report Megaspeed International Nvidia