Nvidia Wipes Out 2026 Gains as GOP Lawmakers Threaten Huang Subpoena

The political dimension is the real story here: a subpoena threat turns a security controversy into a governance and reputational question for Nvidia's leadership, not just a headline risk. That matters for anyone holding the stock on the strength of its 2026 run, since the year's gains are now gone. What's notable is how little is actually confirmed — the espionage case and the subpoena threat are both described without specifics, so the market is repricing on uncertainty rather than established facts. Whether lawmakers formalize the subpoena, and whether the case produces concrete allegations, is the open question.