Rep. Ro Khanna (D-CA), one of Congress’s most vocal advocates for restricting lawmakers’ stock trading, reported a sale of Nvidia shares before a national security scandal involving the company’s CEO, according to a congressional trade tracker.
An account called Trade With Congress, operated by politician trade-tracker Altoneer, highlighted the sale in Khanna’s disclosures, saying it occurred before reports emerged that CEO Jensen Huang had been involved in a relationship with a woman suspected by U.S. intelligence officials of working for China. Nvidia shares have since come under pressure as the company investigates the allegations and lawmakers demand answers.
Khanna has said that neither he nor his family directly made trades. In a newsletter, he explained that his household’s investments are held in a diversified trust established by his in-laws before his marriage and managed independently by a third-party trustee.
Khanna serves on the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party and is the ranking member of the House Armed Services Committee’s Cyber, Innovative Technologies and Information Systems subcommittee. He also belongs to the Taiwan Caucus and the High Tech Caucus.
Khanna has had direct public contact with Huang. The two appeared together at Stanford University in April for a discussion titled “U.S. Leadership in AI with NVIDIA Founder and CEO Jensen Huang and Congressman Ro Khanna.” The event focused on maintaining American leadership in artificial intelligence and strengthening the domestic technology workforce.
The relationship between Huang and a woman identified in media reports as Alice Huang has since become a major national security concern. The woman, a former executive at Singapore-based technology company Megaspeed, is alleged to have gathered intelligence for Beijing and helped direct advanced Nvidia chips toward Chinese users despite U.S. export restrictions.
Nvidia’s board announced an independent investigation into the matter. The Justice Department is also investigating whether Megaspeed violated export-control laws, while the FBI is examining the alleged intelligence operation. The company has said it has no reason to believe that national security or Nvidia’s trade secrets were compromised, and Huang has said he was unfaithful to his wife without addressing the espionage allegations. Beijing has dismissed the accusations as unsubstantiated.
Khanna himself called for a classified briefing for Congress, saying lawmakers needed to understand the national security risks before deciding how to respond. Republican committee chairs have also sought a closed-door briefing with Huang.
The controversy has weighed on Nvidia shares. The stock fell 4.3% on November 9, the first trading day after the company announced its investigation. Fox Business reported Wednesday that the company had lost more than $427 billion in market value over two sessions, amid both the Huang controversy and a broader technology selloff.
Khanna has repeatedly criticized the influence of money in politics and supported efforts to prohibit members of Congress from trading individual stocks. In December 2023, he publicly proposed barring lawmakers from holding and trading individual stocks.
Yet his own household’s financial disclosures have drawn attention. The New York Post reported in August that Khanna’s family trusts recorded 5,402 trades during 2025, with a reported trading volume of as much as $165.4 million. The report said the disclosures included as much as $70.6 million in sales. It also reported that Khanna’s wife had purchased Nvidia stock in February 2024, which later generated a reported return of 143%, valued between $100,000 and $250,000.
Khanna was ranked the 3rd most profitable congressional trader in 2025 by the watchdog group Common Cause.
