A Democratic lawmaker with privileged access sold Nvidia shares just before the scandal broke

According to information provided by the New York Post, a trust linked to the wife of ultra-democratic Congressman Ro Khanna sold shares of Nvidia just weeks before the company became embroiled in a Chinese espionage scandal that led to the ousting of Jensen Huang as CEO.

This trust sold between $1,001 and $15,000 in Nvidia shares on September 4 and again on October 7, when Nvidia's value was at its peak. Since then, following the outbreak of the Huang scandal, who admitted to having an extramarital affair with a Chinese Communist Party spy, the shares of the tech giant have plummeted by 30%.

Huang resigned on Thursday after a second extramarital relationship with a company executive and subordinate named Kimberly Powell was revealed. CFO Colette Kress was appointed interim CEO of Nvidia in his place.

Ironically, Khanna — a Democratic legislator with an affinity for leftist causes — had spoken out against members of Congress investing in the stock market. His team claims that these transactions had nothing to do with insider information.

"Neither Representative Khanna nor anyone on his team received any report about Megaspeed, Jensen, or any counterintelligence risks related to Nvidia. He had no knowledge of this incident until the report from the New York Times. Khanna does not trade stocks and did not give any directives or input on any transaction," his spokesperson said in a statement.

However, although his team denies it, Khanna is the highest-ranking Democrat on the House select committee examining competition with China. An analysis of his vast family investment portfolio, valued at nearly $233 million, shows that in 2025 there were 4,284 family stock trades worth over $59 million, including sales of Nvidia.

Platforms like Unusual Whales rank Khanna as the congressman who trades the most on the stock market in their 2025 report, although they clarify that the portfolio belongs to his wife and is managed independently. Nevertheless, the Democrat's website boasts that he promotes laws restricting legislators' investments. "Members of Congress were elected to serve the public, not their investment portfolios," the site states.