AI summary
Summary of article:
The New York Times reported that LaMarco, a 31-year-old Airbus investor, published a study in May this year that questioned Huida’s China business and the relationship between Huang Renxun and Huang Le. Although it was not taken seriously at the time, it later proved to be quite prescient.
The New York Times reported on the 11th that 31-year-old short seller and trader Christian LaMarco had warned as early as May this yearHuida (Nvidia, also translated as NVIDIA) has hidden problems in finance and “interpersonal relations”.
On the morning of May 13 this year, this little-known stock researcher could hardly sleep all night. Because at dawn, he was about to release the masterpiece of his career: a 40-page report exposing Huida’s questionable behavior.
Much of the report is devoted to an impartial investigation into whether the chip giant tells the truth about the scale of its business in China. Their arguments include: Although Huida claims President Trump’s trade war has decimated its China business, in fact more than 20% of the company’s “computing revenue” can be traced back to China.
But at the beginning of Page 3, LaMarco has a separate paragraph warning that HUDA CEO Jen-Hsun Huang’s relationship with Alice Huang, a senior executive at MegaSpeed, is “disturbingly close.”
The report states that Jen-Hsun Huang stayed with Megaspeed all the way and seems to have had a close relationship with Huang Le. It also included pictures of the two together at the ceremony.
LaMarco said he was interested in the relationship since The New York Times and Bloomberg News first reported a year ago that he and Huang were seen socializing with other technology executives in Asia.
So he started digging on his own and found Huang Le and a former Huida employee and current MegaSpeed employee through a network of paid experts (intermediaries that connect investors with corporate insiders) to talk about business deals between the two companies. Former Huida employees said there was private speculation within the company that the two had a special relationship.
Lamarco then linked these together and concluded that the two were closely related and that Huida may have come into contact with China. This proved to be the right direction.
Additionally, the report was released on May 13, the day after Trump took Air Force One to Beijing to attend the Trump-Xi meeting. En route, he stopped to refuel in Anchorage, Alaska, where Huang boarded the plane.
However, this report received little attention at the time. The day the report went online, Huida’s share price rose instead of falling. LaMarco recalled this week that some of the reactions included calling him retarded and others warning him to “be careful.”
Now it seems that he was quite a visionary. Huang admitted to having an extramarital affair over the weekend after vehemently denying it, while US intelligence agencies have accused Huang of being a Chinese spy. China has denied the allegations of espionage.
“Everyone used to laugh at us, but now everyone is praising us,” Lamarco said in an interview.
