Nvidia wipes out 2026 gains as Republicans threaten Jensen Huang with subpoena

Nvidia has given back all of its 2026 gains as a suspected Chinese espionage case draws new scrutiny on CEO Jensen Huang, with Republicans now threatening him with a subpoena. The chipmaker is a key supplier of AI hardware that underpins much of the crypto mining and AI-token narrative, so renewed political and legal risk around its leadership weighs on sentiment across that trade.