Sen. Elizabeth Warren (D-Mass.) has invited Nvidia Corp (NASDAQ:NVDA) CEO Jensen Huang to testify before the Senate Banking Committee next week.
Nvidia China Sales Face Fresh Senate Scrutiny
In a letter sent Thursday, Warren asked Huang to appear at a June 11 hearing, framing it as an “opportunity to testify” about Nvidia’s position on U.S. export controls and its operations in China, CNBC reported, citing the letter.
“Appearing as a witness will give you an opportunity to testify about NVIDIA’s views on U.S. export control laws and regulations and NVIDIA’s business in China,” the letter read.
Nvidia did not immediately respond to Benzinga’s request for comments.
Nvidia AI Chips Face China Security Scrutiny
The invitation comes as Nvidia remains central to the artificial intelligence boom, with its advanced chips powering data centers and AI systems across industries.
However, the company’s dominance has also drawn attention from lawmakers concerned that cutting-edge American technology could strengthen China’s military and surveillance capabilities.
“The Chinese, in effect, buy our stuff, and American companies make a profit doing that,” Warren said during an appearance on CNBC’s “Squawk Box.” “But it certainly undermines our long-term security.”
Export Controls And AI Chip Restrictions Take Center Stage
Both the Joe Biden and Donald Trump administrations have tightened restrictions on exports of advanced chips to China in recent years, citing national security concerns.
Nvidia has repeatedly argued that overly restrictive policies could hurt U.S. competitiveness and encourage customers to adopt alternatives from foreign rivals.
Price Action: Shares of Nvidia closed Thursday up 1.82% at $218.66 and slipped 1.07% to $216.31 in after-hours trading, according to Benzinga Pro.
Benzinga Edge Stock Rankings place NVDA in the 98th percentile for Quality, reflecting strong performance across short, medium and long-term timeframes.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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