FULL STORY
Nvidia's Singapore Sales Under Fire: From Smuggling Claims to Short Report
Nvidia faces scrutiny after investors cited FT data showing 22% of FY2025 sales went to Singapore with few real local buyers. A short-seller report escalated the claims, alleging over $32B in compute revenue is still China-driven, risking investigation.
2026-11-11 ~ 2026-11-14 · 2 episodes · 5 posts
Episode 1 · Singapore Accounts for 22% of Nvidia Revenue Amid Smuggling Concerns (2026-11-11, 3 posts)
Investors citing FT data note Singapore accounted for 22% of Nvidia's FY2025 revenue with only about 1% local buyers, as sales there surged after 2023 export controls tightened — widely seen as evidence of GPUs being rerouted to China despite restrictions.
- 22% of Nvidia revenue now books to Singapore, but only ~1% is local buyers — Gregory_C_Allen · 2026-11-11
- "Singapore" reportedly accounts for 15-20% of NVIDIA revenue, and the jokes write themselves — JensHonack · 2026-11-13
- 22% of Nvidia sales went to Singapore, fueling China smuggling claims — SumitGup · 2026-11-13
Episode 2 · Short seller claims over 20% of Nvidia compute revenue tied to China (2026-11-13, 2 posts)
A short-seller report claims over 20% of Nvidia's FY2026 compute revenue ($32B+) still flows to China via Southeast Asian intermediaries, and analysts warn the China GPU sales funnel could face investigation.
- Short report claims 20%+ of Nvidia compute revenue (~$32B) flows to China via intermediaries — teortaxesTex · 2026-11-13
- Nvidia China GPU funnel under scrutiny: ~20% of compute revenue may be China-linked, guidance cut looms — SumitGup · 2026-11-14