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Culper Research says they are short Nvidia (NVDA)

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We are short Nvidia. We recognize the stakes. Nvidia holds the single largest market capitalization on the planet, while CEO Jensen Huang has been celebrated as a generationally talented operator. We share the consensus view that AI – for better or worse – will continue to transform society. This is not a bet against AI. We are short Nvidia for one reason: the Company has a significant China problem.

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