Culper

[Culper @CulperResearch]

NEW: We are short Nvidia $NVDA. We believe Nvidia has a significant China problem. Please see our full report and disclosures now available on our website, link in bio.

[Culper @CulperResearch]

Tonight in an unusual weekend update, the U.S. Commerce Department restricted $NVDA chip sales to Chinese firms outside China.

Reuters cites “hundreds of thousands” of chips may have made their way to Chinese firms.

[Culper @CulperResearch]

NEW: We are short Nvidia $NVDA. We believe Nvidia has a significant China problem. Please see our full report and disclosures now available on our website, link in bio.

[Culper @CulperResearch]

17/17) We think this also helps explain $NVDA CEO Jensen Huang's recent behavior on the Dwarkesh Patel podcast, especially when confronted with questions surrounding China. We are short and believe shares are headed lower. See full report & disclosures at https://t.co/4MDshx5BeT

[Culper @CulperResearch]

NEW: We are short Nvidia $NVDA. We believe Nvidia has a significant China problem. Please see our full report and disclosures now available on our website, link in bio.

[Culper @CulperResearch]

16) $NVDA analysts treat China as potential upside to FY 27 numbers. We think the opposite - as Beijing cracks down, $NVDA is now actually losing the business it claimed it lost a year ago. Mainland operators tell us "very few orders", "a huge blow." We see a $30B+ air gap ahead.

[Culper @CulperResearch]

Goodnight

[Culper @CulperResearch]

NEW: We are short ADMA Biologics $ADMA. We believe the ASCENIV growth story is in reality a story of channel stuffing and an undisclosed related party distributor. Real revenues declined 3% in 2025 vs. 20% reported growth. It's already over. Full report available on our website.

[Culper @CulperResearch]

Two months since @CorneliaLake last tweeted on $TE.
Shares are down 48% since then.
Those who can't do, sell newsletters.