Nvidia's Singapore Revenue Vanished From Disclosures After Megaspeed Block
NVDA is trading near its 52-week low of $164.27 (3.5% below the low) on elevated volume (2.6× avg).
Summary
WSJ's Heard on the Street flags that Nvidia stopped breaking out Singapore revenue right after it placed Megaspeed International on its internal block list in June 2025. Singapore was 22% of revenue, or $10.2 billion, in the quarter ended July 2025, up 81% year-over-year; the next quarter Nvidia switched to reporting by customer headquarters and Singapore disappeared from the geographic breakdown, with recast figures moving most of that revenue into the U.S. line. Nvidia declined to say how Megaspeed sales were classified under either method, and the column argues the change removed investors' ability to see whether cutting off Megaspeed caused a drop in Singapore-billed sales. This lands on top of the board's investigation into Huang being a foreign intelligence target and reports the board is preparing to oust him, so disclosure credibility is now a second front alongside the leadership crisis. Alice Huang, the suspected Chinese spy in the Nvidia scandal, is currently living in Beijing. The stock is already near its 52-week low, and this adds accounting-transparency risk to the story rather than resolving it.
At the time of this announcement, NVDA was trading at $158.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.2T. The 52-week trading range was $164.27 to $243.37. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.