Lutnick faces questions as his family firm cuts Nvidia stake

Commerce Secretary Howard Lutnick faces mounting questions regarding his connections to Nvidia. Reports indicate he resisted efforts by intelligence officials to crack down on a company suspected of smuggling advanced artificial intelligence microchips to China. At the same time, his former financial firm maintains significant business ties toებელი the chipmaker, arranging billions in funding for its partners.

Family Firm Cuts Nvidia Stake

Cantor Fitzgerald, a financial services company previously run by Lutnick and currently led by his sons Brandon and Kyle, significantly reduced its reported Nvidia stock holdings. Financial filings show a nearly 50 percent drop in the number of shares held between late 2025 and early 2026. Despite this reduction, the firm continued helping arrange billions of dollars in financing for Nvidia business partners while maintaining close relationships with corporate leadership.

Intelligence Warnings and Administration Friction

Reports show Lutnick received a classified intelligence warning concerning Nvidia Chief Executive Officer Jensen Huang and connections to a suspected spy. While ethics experts note the situation creates an awkward public appearance, investigators have found no evidence that Lutnick shared nonpublic government information with his family firm. President Donald Trump continues to support Lutnick, even as other cabinet officials publicly discussed delays in adding suspect entities to government restriction lists.