Nvidia's Huang Declines Warren Senate Testimony on China Exports, NVDA at $211

Nvidia CEO Jensen Huang has refused Sen. Elizabeth Warren's invitation to testify before the Senate Banking Committee on June 11 regarding China chip sales and export controls, offering instead to host lawmakers at company headquarters. The refusal caps a month-long regulatory crisis that began May 8 with reports of a $2.5 billion smuggling scheme routing Nvidia chips via Thailand to Alibaba. Shares rallied briefly to $235 after May 14 U.S. approvals for H200 sales to 10 Chinese firms, but collapsed after Beijing approved zero purchases and the Commerce Department closed a loophole May 31 allowing hundreds of thousands of Blackwell and Rubin chips to reach Chinese overseas subsidiaries, sending NVDA back to approximately $211.