Nvidia Shares Slip After Warren Invites Huang to Testify on China Chip Exports
NVDA•Nvidia shares fell 1% in after-hours trading after Senator Warren invited CEO Jensen Huang to testify on June 11 before the Senate Banking Committee about compliance with U.S. export controls and Nvidia’s China business. China sales once made up 13-20% of revenue and Nvidia booked a $4.5 billion fiscal 2026 hit on H20 inventory from new licensing rules.
1. Senate Hearing Invitation
Senator Elizabeth Warren invited Nvidia CEO Jensen Huang to testify on June 11 before the Senate Banking Committee regarding Nvidia’s views on U.S. export control laws and regulations, as well as the company’s business operations in China. Huang has until Monday to confirm his attendance, marking a high-profile regulatory scrutiny of Nvidia’s international trade practices.
2. After-Hours Trading Reaction
Following news of the Senate invitation, Nvidia shares dropped by 1% during after-hours trading, reflecting investor concern over potential compliance challenges and heightened government oversight. Trading volume remained moderate as markets assessed the implications of possible congressional testimony.
3. China Business Impact and Inventory Charge
Prior to 2023 export restrictions, China accounted for 13-20% of Nvidia’s revenue, largely from data-center GPUs. Nvidia subsequently took a $4.5 billion fiscal 2026 charge on H20 inventory after new licensing rules, underscoring volatility in its China sales under tightening export controls.
