STOCKS | Rep. Ro Khanna and Spouse Trim Nvidia Shares Near Highs

Democratic Rep. Ro Khanna of California and his spouse sold Nvidia shares when the stock was near its highs. According to Sina Finance, Capitol Trades records show that Khanna’s spouse made two sales, on September 4 and October 7, each valued at $1,000 to $15,000. Nvidia shares hit a record high on October 6. This week, CEO Jensen Huang acknowledged an extramarital affair, and Nvidia’s shares fell sharply as the company faced what the report described as an unprecedented crisis. Khanna, who represents California’s 17th congressional district, has advocated legislation to prohibit members of Congress from trading individual stocks while in office. He also sold Nvidia shares in two transactions in early and late May, each valued at $1,000 to $15,000; the stock reached its second-highest level on May 14. Khanna also bought Nvidia shares between June and September. On Thursday morning, retail sentiment toward Nvidia on Stocktwits rose further into the “extremely bullish” range. One trader wrote that Nvidia’s fundamentals, profitability and industry reputation had not changed. Another described the affair as a personal matter and said Nvidia would return to being a leading company once the situation was resolved.