Jensen Huang has been invited to Congress. Closed door. November 18. Three House Republican chairs signed the letter: Brian Mast, John Moolenaar and Rick Crawford.
The topic is Alice Huang. She is a former executive at Megaspeed, a Singapore company that buys Nvidia's AI chips. The New York Times reports she was under US investigation for allegedly passing information to Beijing. It also reports she and Jensen had a "close relationship."
Same last name. Different Huang. I checked. Nobody is claiming they're related. I mention it only because the internet will.
Nvidia's response is a masterpiece of corporate calm. Jensen talks to "thousands of customer executives every year." Thousands. That's not a relationship. That's a mailing list with a leather jacket.
Beijing called the spying claims "groundless speculation." Of course it did. China has never once confirmed a spy. Neither has any other country.
The best part is the timeline. The Times says Trump was briefed on all this about a year ago. The reported response was to do nothing. Twelve months of silence, then three committee chairs discover a letterhead.
Wall Street, meanwhile, owns this stock like it's a religion. Retail traders have Nvidia in their 401(k)s, their Roth IRAs and their wedding vows. They've spent years believing Jensen's biggest risk was a delayed Blackwell shipment.
Here's my technical analysis. The chart shows a CEO, a closed-door room and a calendar date. Support sits at "no comment." Resistance sits at "I talk to a lot of people."
Congress wants to hear about Nvidia's security protocols against foreign espionage. Bold ask. Jensen sells the most coveted chips on Earth, and the plan to protect them might be a guy named Gary checking badges.
Retail traders will buy the dip anyway. They always do. They'd buy shares in the spy.
Photo by BoliviaInteligente on Unsplash
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