CNBC report says Commerce Secretary Lutnick faces questions over Nvidia spy scandal tied to sons' firm Cantor Fitzgerald
A CNBC report published November 13, 2026, says Commerce Secretary Howard Lutnick is facing questions over the Nvidia spy scandal, noting that his sons' firm Cantor Fitzgerald has deep ties to the chipmaker. A CNBC analysis found Cantor Fitzgerald's reported Nvidia share count fell by nearly half between September 2025 and March 2026, the period when Axios reported Lutnick faced pressure from administration officials to address suspected smuggling of Nvidia's advanced AI chips to China. Per CNBC, the firm formerly chaired by Lutnick and now run by his sons helped arrange billions of dollars in financing for companies in Nvidia's AI business universe and repeatedly hosted its top executives.
A CNBC report published November 13, 2026, says Commerce Secretary Howard Lutnick is facing questions over the Nvidia spy scandal, noting that his sons' firm Cantor Fitzgerald has deep ties to the chipmaker. A CNBC analysis found Cantor Fitzgerald's reported Nvidia share count fell by nearly half between September 2025 and March 2026, the period when Axios reported Lutnick faced pressure from administration officials to address suspected smuggling of Nvidia's advanced AI chips to China. Per CNBC, the firm formerly chaired by Lutnick and now run by his sons helped arrange billions of dollars in financing for companies in Nvidia's AI business universe and repeatedly hosted its top executives.
Key facts
- A CNBC report published November 13, 2026, says Commerce Secretary Howard Lutnick is facing questions over the Nvidia spy scandal.
- Per CNBC, Lutnick's sons' firm Cantor Fitzgerald has deep ties to chipmaker Nvidia.
- A CNBC analysis found Cantor Fitzgerald's reported Nvidia share count fell by nearly half between September 2025 and March 2026.
- Axios reported that between September 2025 and March 2026, Commerce Secretary Howard Lutnick faced pressure from administration officials to address suspected smuggling of Nvidia's advanced AI chips to China.
- Cantor Fitzgerald was formerly chaired by Howard Lutnick and is now run by his sons.
- Per CNBC, Cantor Fitzgerald helped arrange billions of dollars in financing for companies in Nvidia's AI business universe and repeatedly hosted Nvidia's top executives.
- Axios reported that during that period Commerce Secretary Howard Lutnick faced pressure from administration officials to address suspected smuggling of Nvidia's advanced AI chips to China.
- Per CNBC, Cantor Fitzgerald helped arrange billions of dollars in financing for companies in Nvidia's AI business universe and repeatedly hosted its top executives.
Sources · 1 source
- CN
CNBC@CNBCPost on X ·
Cantor Fitzgerald’s reported Nvidia share count fell by nearly half between September 2025 and March 2026, a CNBC analysis found. That was the period when Axios reported Commerce Secretary Howard Lutnick faced pressure from administration officials to address suspected smuggling of Nvidia’s advanced AI chips to China. The Wall Street firm, which Lutnick formerly chaired and is now run by his sons, maintained extensive commercial ties to Nvidia, helping arrange billions of dollars in financing for companies in its AI business universe and repeatedly hosting its top executives. Read the full story: https://t.co/orMstEJJVH
Open source - CN
CNBC@CNBCPost on X ·
Lutnick faces questions over Nvidia spy scandal. His sons’ firm has deep ties to the chipmaker https://t.co/0U7cIjSv1I
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