Story perspectives

Rep. Ro Khanna Faces Backlash Over Profitable Nvidia Stock Deal

4/11/2026

Summary

Story summary

Rep. Ro Khanna (D-Calif.) faced criticism over Nvidia stock tied to his wife’s February 2024 purchase, which yielded a 143% return after the CHIPS Act boosted the stock.
Critics, including Chamath Palihapitiya, call him a hypocrite for opposing wealth inequality while profiting from trades.
A 2022 investigation found potential conflicts between Khanna's legislative work and family investments.
Congress has tried to regulate member stock trading, but partisan disagreements stalled the efforts.

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Story summary

Rep. Ro Khanna (D-Calif.) faced criticism over Nvidia stock tied to his wife’s February 2024 purchase, which yielded a 143% return after the CHIPS Act boosted the stock.
Critics, including Chamath Palihapitiya, call him a hypocrite for opposing wealth inequality while profiting from trades.
A 2022 investigation found potential conflicts between Khanna's legislative work and family investments.
Congress has tried to regulate member stock trading, but partisan disagreements stalled the efforts.