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.