Nvidia Corporation (NVDA) investors may want to clear their schedules for June 11, but not for the reason many investors initially expected. Nvidia CEO Jensen Huang has reportedly declined an invitation to testify before the U.S. Senate Banking Committee at a hearing focused on artificial intelligence (AI), China, and national security concerns tied to advanced AI chip exports.
The development comes at a sensitive time for Nvidia as Washington intensifies scrutiny over whether advanced AI chips could still be reaching Chinese companies through overseas channels despite tightening U.S. export restrictions. Senator Elizabeth Warren had invited Huang to answer questions about Nvidia’s China business and compliance with export-control laws after reports raised concerns about potential loopholes in AI chip sales.