More Tales From Nvidia: The National Security Issue (Issue #280!)
* It’s been a good week for China hawks
* As the plot thickens…
I have now written 280 columns on Nvidia ($NVDA) (in my “More Tales” series) covering a broad list of concerns including Nvidia’s aggressive revenue/profit recognition, roundtripping, double/triple ordering, circular financing, the efficacy of AI (and contribution to society), whether the AI capital spending spree would yield an adequate return on the invested capital (and net productivity gains), deals with China, etc.
I even coined the phrase Central Bank of Nvidia (now routinely used by CNBC but without attribution!), which described the wide-ranging global influence of the company and of Jensen Huang.
The Most Powerful Banker in the World? The Central Bank of Nvidia
The newest allegation that Jensen Huang has been having an extended affair with a Chinese spy raises the ante as it could be a national security issue.
With a change in Washington leadership, scrutiny of Huang’s multi-dimensional relationships to others (including President Trump’s inner circle and leadership) will likely commence. There will be numerous questions about the Jensen Huang situation and the Administration’s oversight and protocol — including but not restricted to:
* It is believed that Secretary of State Marco Rubio knew about the relationship for over a year.
* Was President Trump informed of the relationship?
* Despite the supposed existential war between China and the U.S. regarding the AI race, after knowledge of the affair with a possible Chinese spy why was Jensen Huang invited on a state visit to China — on Air Force 1?
* Why did Commerce Secretary Lutnick ignore the relationship and look the other way?
* Was there a coverup and, if so, why — and did anyone benefit?
* Was the breakdown in our government’s reporting of the relationship willful and intentional?
* According to AI and industry reports Jensen’s Huang’s paramour worked at Megaspeed, a Singapore-based company that is an empty storefront with only 2-10 employees.
It seems to me that as soon as Secretary Rubio got the information and had reason to believe she was a spy, President Trump, the Congress, the Intelligence Committee and others (including Jensen Huang) should have been informed. Who knew and when?
Did Secretary Rubio (who apparently has his eyes on the Republican Presidential nomination) sit on the information? If he did, why?
This week, President Trump has said he knew nothing about the spy. When did he find out and more importantly, what did he do with the information?
Did the president just want to hang out with Huang or did anyone in Trump’s sphere benefit from Nvidia and the company’s relationship to China? (There is precedent).
Position: None
