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Commerce Secretary Lutnick to testify on AI chip export controls amid Nvidia spy scandal.

Market News
13 Nov 2026, 17:47 WIB
New York Post
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Bearish
Commerce Secretary Lutnick to testify on AI chip export controls amid Nvidia spy scandal.

Commerce Secretary Howard Lutnick will testify before the Senate about his agency's handling of AI chip export controls amid criticism for not blacklisting Megaspeed, a firm linked to a Chinese spy involved in the Nvidia scandal. Despite warnings and internal concerns, Lutnick's department did not act against Megaspeed, raising national security questions. Treasury Secretary Scott Bessent criticized Lutnick for delays, highlighting inter-agency frustration over enforcement. Lutnick's testimony is scheduled for early December as lawmakers seek answers on protecting sensitive U.S. technology.

Nvidia shares are currently trading at USD 159.47 on Pluang, down 4.04% in the last day, with strong buying interest at 84% of order activity. The stock's market cap stands at $4.01 trillion, reflecting its significant role in the technology sector. These figures are as of Nov 13, 2026, 23:01 WIB.

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