White House Weighs Removing Commerce Secretary Lutnick Over Nvidia Export Oversight
NVDA is trading near its 52-week low of $148.8 (9.9% above the low) on elevated volume (4.8× avg).
Summary
Senior White House officials are discussing whether Commerce Secretary Howard Lutnick keeps his job, with lawmakers attacking him for not adding dozens of Chinese companies to the U.S. trade blacklist and for lax oversight of Nvidia's China exports. The U.S. has added no entities to the Chinese export blacklist since October 2025, the longest gap in more than a decade. Trump said Thursday he has 'complete confidence' in Lutnick, so the story is fluid. This extends the fallout from Jensen Huang's resignation on November 11th — the spy scandal has now reached the agency that polices Nvidia's China sales, raising the odds of tighter export rules that would hit Nvidia's China revenue.
At the time of this announcement, NVDA was trading at $163.57 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.9T. The 52-week trading range was $148.80 to $243.37. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.