Ed Zitron on Jensen Huang, Megaspeed and NVIDIA's China GPU Sales
Ed Zitron argues that NVIDIA's growth has been propped up by GPU sales routed to China through Megaspeed and related intermediaries, citing Culper Research's claim that about 20% of FY2026 revenue, roughly $43.18 billion, came from China. He points to Bloomberg and New York Times reporting that Megaspeed imported 50,000 more GPUs than NVIDIA told the US government, and that NVIDIA's general counsel contacted Commerce officials about the Megaspeed probe. Zitron also criticizes mainstream outlets for not raising the smuggling story during NVIDIA's earnings coverage.
Why it matters: The piece ties NVIDIA's reported China revenue exposure to the Megaspeed affair and argues the media has underreported GPU smuggling for years.