Jensen Huang Is Now Headed to Congress Before Thanksgiving Omor Ibne Ehsan Fri, November 13, 2026 at 8:47 AM EST 5 min read NVDA +1.91% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
NVIDIA (NVDA) fell 4% after Jensen Huang resigned as CEO, and Brian Mast says Huang agreed to appear before Congress by Thanksgiving.
China generated under 1% of NVIDIA's data center revenue, and $108 billion in guidance already excludes it, so the real risk is broader chip limits.
House chairs asked Huang to sit for a closed-door interview December 1, and he reportedly must accept by Friday or face a subpoena.
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NVIDIA (NASDAQ:NVDA) closed at $166.19 on November 12, 2026, down $7.54, or 4.34%, after touching a 52-week low of $148.80. That was the day NVIDIA said Jensen Huang resigned as president, CEO and director, effective immediately, with CFO Colette Kress serving as interim CEO.
Within hours, lawmakers moved to secure his testimony. House Foreign Affairs Chair Brian Mast (R-Fla.) said Huang agreed to appear before Congress by Thanksgiving, November 26. No statement from Huang, his lawyers, or NVIDIA supports Mast's account.
Shares recovered to $167.82 after hours, leaving a market value of about $4.01 trillion. The stock still fell 27.28% in the month and 8.49% in the week through November 12.
The leadership shock is becoming a multi-week political and legal process that runs through the November 17 earnings report. Investors will weigh whether that concern is already priced in.
Mast said the session would likely be under oath and transcribed, and that he told Huang he would subpoena him if needed. The committee said no date has been set.
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Later on November 12, Mast, China select committee Chair John Moolenaar and Intelligence Chair Rick Crawford asked Huang to sit for a closed-door transcribed interview on December 1, after Thanksgiving. Huang reportedly has until Friday evening, November 13, to accept or face a subpoena.
Senate Banking Chair Tim Scott (R-S.C.) asked Huang to testify publicly on December 3 and Commerce Secretary Howard Lutnick on December 10. Both dates are requests, and neither hearing is scheduled. Scott wrote on X on November 12: "The American people deserve answers."
The House chairs also asked NVIDIA General Counsel Tim Teter to appear December 2 and Commerce Under Secretary Jeffrey Kessler to testify December 3. Calling its top lawyer and a Commerce official broadens the inquiry into NVIDIA's export approvals.
Sen. Ron Wyden and Rep. Richard Neal, the top Democrats on the tax committees, separately opened an investigation into approvals of Nvidia chip exports to China-linked companies. It follows reports that Huang was the target of a suspected Chinese intelligence effort, which China denies.
In the second quarter of fiscal 2027, China received less than 1% of NVIDIA's data center revenue, shipped under U.S. licenses. Third-quarter guidance of $108.0 billion, plus or minus 2%, already leaves out China data center compute revenue.
A stricter licensing regime would mostly remove sales nobody is counting. The larger risk is broader chip limits that reach sovereign customers, a business that more than tripled year-over-year in the second quarter.
Kress presents results November 17 after the close, following second-quarter revenue of $96.221 billion, up 105.85%. She said in August that supply would remain a constraint at least through the end of fiscal year '28, so leadership and policy commentary will matter most. A subpoena fight would read worse than a voluntary appearance for a company that depends on export licenses.
The revenue this process affects is small compared with a company guiding to $108 billion in one quarter without China.
The 27.28% one-month drop came as governance concerns mounted. Analysts still hold 59 buy ratings, 2 holds and 1 sell, with an analyst target price of $319.99.
Other U.S. AI chip suppliers answer to the same export rules, so the policy risk extends beyond NVIDIA.
Check Friday evening, November 13. If Huang refuses and a subpoena is issued, or the stock closes below $148.80 after the November 17 report, the case that the concern is contained weakens.
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