Democratic Congressman Ro Khanna, who has advocated banning members of Congress from trading individual stocks, and his wife sold Nvidia shares around the time the chipmaker’s stock reached record highs, according to financial disclosures tracked by Capitol Trades. This led to online speculation as to whether he had any information about Nvidia former CEO Jensen Huang’s affair with Alice Huang, allegedly a spy. Khanna is dead against Congress members trading stock and hence the rumors are flying high. But these are only rumors and online speculation.Khanna’s wife made two Nvidia stock sales, each valued between $1,000 and $15,000, on September 4 and October 7, according to the disclosures. Nvidia shares reached an all-time high on October 6, just a day before the second reported sale.The transactions came ahead of a sharp decline in Nvidia’s share price this week after Huang’s affairs were revealed.Khanna represents California’s 17th Congressional District and has been among the lawmakers calling for restrictions on stock trading by members of Congress. He also serves on the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party.The latest transactions were not the first time Khanna and his wife had sold Nvidia shares around a stock-price high. According to Capitol Trades, Khanna sold two lots of Nvidia stock, each valued between $1,000 and $15,000, in early and late May. Nvidia shares reached their second-highest level on May 14.However, the disclosures also show that Khanna acquired Nvidia shares between June and September.
What is the Nvidia controversy?
Huang had to resign in the wake of the major scandal that unfolded after his relationship with Alice Huang was reported. Huang is a former executive at Megaspeed who was investigated by US authorities and identified as a Chinese intelligence asset.Jensen Huang acknowledged having an affair but did not provide further details. He told President Donald Trump that he was not aware of the allegations against Alice.Nvidia shares fell 7% during the week through Wednesday’s close and dropped another 8% in overnight trading following reports speculating about a second alleged affair involving Huang and the possibility of his departure.
Khanna’s position on congressional stock trading
Khanna has previously called for banning members of Congress from trading individual stocks, arguing for restrictions on lawmakers’ ability to profit from investments while serving in public office.The issue has faced renewed scrutiny in Washington. The House passed the Stop Insider Trading Act in July 2026, which would prohibit lawmakers, their spouses and dependent children from purchasing individual stocks. However, the proposal failed to advance in the Senate in September after receiving 53 votes, short of the 60 needed.The legislation would not have required lawmakers to sell their existing stock holdings and would have allowed sales with advance public disclosure.
