Financial records reveal that the Nvidia shares sold by the spouse of Rep. Ro Khanna were a small fraction of the congressman’s family’s overall investment in the chipmaker. Disclosures show the spouse conducted two partial sales of $1,001–$15,000 each on Sept 4 and Oct 7, while a dependent child bought a similar amount on Sept 23. As of Nov 3, Business Quant estimated the family’s total holding in Nvidia at about $5.77 million, meaning the two sales represented less than 1% of the stake.
The October transaction occurred shortly before Nvidia CEO Jensen Huang admitted to an affair with a suspected agent of Chinese intelligence, a scandal that contributed to a roughly 26% drop in the company’s share price. The timing has attracted scrutiny because of Khanna’s roles on the House committee investigating Chinese technology theft, the High Tech Caucus and the Taiwan Caucus. Khanna has stated that a third party manages his trades and has advocated for a ban on stock trading for members of Congress.
