Ro Khanna’s wife sold Nvidia shares in early September and October.
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. Khanna sold two lots of Nvidia stock, each valued between $1,000 and $15,000, in early and late May, according to Capitol Trades. Nvidia shares reached their second-highest level on May 14. 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.
The transactions came ahead of a sharp decline in Nvidia’s share price this week after Huang’s affairs were revealed. The latest transactions were not the first time Khanna and his wife had sold Nvidia shares around a stock-price high. However, the disclosures also show that Khanna acquired Nvidia shares between June and September.