Lutnick faces questions over Nvidia spy scandal. His sons’ firm has deep ties to the chipmaker
CNBC examines the scrutiny facing Commerce Secretary Howard Lutnick over his family firm Cantor Fitzgerald's deep Nvidia ties, including Axios' reporting that he repeatedly resisted cracking down on a Singapore company suspected of smuggling Nvidia AI chips to China despite a classified intelligence warning about CEO Jensen Huang. The article reports Cantor's disclosed Nvidia shares fell 49% between September 2025 and March 2026, that the firm arranged billions in financing for Nvidia partners like IREN and Lancium, and that Democratic senators have called for an ethics investigation, though no evidence ties the sons' holdings to Lutnick's decisions.
