A trust linked to the wife of Rep. Ro Khanna (D-CA), one of Congress's most vocal advocates for banning lawmakers from trading stocks, sold Nvidia shares near their peak, weeks before scandal engulfed the company, sending its stock plunging. The scandal also led to Jensen Huang's ouster as CEO. The sale let the trust avoid a drop of about 26% in Nvidia's share price.
Rep. Ro Khanna speaks to reporters. (Julia Demaree Nikhinson/AP)Trade With Congress, a congressional trade tracker run by Altoneer, flagged the sale in Khanna's financial disclosures. The tracker noted that the transaction came just before reports surfaced that Huang had a relationship with a woman U.S. intelligence officials suspect of working for China.
Disclosure trackers show two sales of Nvidia stock by the trust, on Sept. 4 and Oct. 7, each valued at $1,001 to $15,000. The Oct. 7 sale came one day after Nvidia's record close on Oct. 6, according to Gadget Review.
Well, well, well
Rep. Ro Khanna sold $NVDA right before Nvidia's CEO admitted to having a Chinese spy side piece
He's a member of the following:
- Strategic Competition between the U.S. and the Chinese Communist Party Committee
- Taiwan Ca
