Just A Coincidence? Both Trump And Ro Khanna Sold Nvidia Stock Before CEO Scandal Erupted

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Just A Coincidence? Both Trump And Ro Khanna Sold Nvidia Stock Before CEO Scandal Erupted A trust linked to the wife of Rep. Ro Khanna (D-CA), one of Congress's most vocal…

A trust linked to the wife of Rep. Ro Khanna (D-CA), one of Congress's most vocal advocates for banning lawmakers from trading stocks, sold Nvidia shares near their peak, weeks before scandal engulfed the company, sending its stock plunging. The scandal also led to Jensen Huang's ouster as CEO. The sale let the trust avoid a drop of about 26% in Nvidia's share price.

Trade With Congress, a congressional trade tracker run by Altoneer, flagged the sale in Khanna's financial disclosures. The tracker noted that the transaction came just before reports surfaced that Huang had a relationship with a woman U.S. intelligence officials suspect of working for China.

Disclosure trackers show two sales of Nvidia stock by the trust, on Sept. 4 and Oct. 7, each valued at $1,001 to $15,000. The Oct. 7 sale came one day after Nvidia's record close on Oct. 6, according to Gadget Review.

Khanna's office claims inside knowledge played no role. A spokesperson for the congressman, who backs a congressional stock-trading ban, told The California Post that the transactions had nothing to do with information he obtained in office.

"Neither Rep. Khanna nor anyone on his staff received any briefing on Megaspeed, Jensen, or any counterintelligence risks tied to Nvidia," the spokesperson wrote in a text message. "He had zero knowledge of this incident until the New York Times report. Khanna does not trade stocks and provided zero direction or input into any trades."

Khanna has said that neither he nor his family makes trades directly. According to Khanna, his household's investments sit in a diversified trust that his in-laws established before his marriage, and an independent third-party trustee manages the holdings. However, there are certainly reasons to be suspicious.

Meanwhile, President Trump also sold Nvidia stock - about two weeks before Khanna.

White House spokesperson Davis Ingle said in a statement to Reuters that third-party financial institutions independently manage the president’s…

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