Nvidia CEO Jensen Huang declined an invitation from Senator Elizabeth Warren to testify before the Senate Banking...

Nvidia CEO Jensen Huang declined an invitation from Senator Elizabeth Warren to testify before the Senate Banking Committee on June 11, 2026, escalating scrutiny over the company's China business and AI chip exports (CNBC). Warren publicly criticized Huang, noting his attendance at political events while refusing congressional questioning. Separately, a group of senators urged tighter rules on chip contract manufacturers, which could constrain Nvidia's supply chain (chinatechnews). Meanwhile, a DIGITIMES analyst warned that ASICs are poised to erode Nvidia's GPU dominance as early as 2027 (DIGITIMES). These events signal growing political and competitive headwinds for Nvidia, increasing the risk of export restrictions or market share loss. While Nvidia continues to secure large-scale AI infrastructure deals in South Korea—including partnerships with Naver, LG, and Hyundai—the regulatory overhang and competitive threat from ASICs represent material downside pressure on near-term sentiment and upside for rivals.