GoKawiilCantor Fitzgerald cut Nvidia stake 50% while Lutnick resisted China chip crackdown
CNBC reports that Cantor Fitzgerald, the firm once run by Commerce Secretary Howard Lutnick and now led by his sons, reduced its Nvidia shareholding by nearly 50% between September 2025 and March 2026, even as its analysts kept an 'overweight' rating and $350 price target on the stock. The decline coincided with Lutnick resisting White House and intelligence pressure to crack down on Megaspeed, a Singapore firm suspected of routing Nvidia AI chips to China, according to Axios, and came after Lutnick reportedly received a classified warning about Nvidia CEO Jensen Huang's ties to a suspected Chinese spy.
GoKawiil's interpretation of the reporting above, not reported fact.
The timing of Cantor's reduced Nvidia stake alongside Lutnick's resistance to a China-chip crackdown could raise questions about potential conflicts of interest between his government role and his family's financial firm, though no direct link has been established. Cantor's continued financing deals with Nvidia's business partners suggest the firm's economic interests remain closely tied to Nvidia's fortunes even as scrutiny intensifies following Huang's resignation.
- Cantor Fitzgerald's Nvidia share count fell nearly 50% from September 2025 to March 2026, per CNBC's filing analysis.
- Lutnick reportedly resisted pressure to crack down on Megaspeed, a firm suspected of funneling Nvidia chips to China, according to Axios.
- Cantor continued arranging billions in financing for Nvidia's business partners even as it trimmed its own Nvidia stake.
Source: cnbc.com — Luke Fountain, 2026-11-13
Published there as: “Lutnick faces questions over Nvidia spy scandal. His sons’ firm has deep ties to the chipmaker”
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