Nvidia CEO Jensen Huang is out, the stock has cratered 27% in a month, and Congress wants to know how billions of dollars in advanced AI chips ended up flowing through a company tied to a suspected Chinese spy — with the blessing of the U.S. Commerce Department.

Working Americans who bought the AI dream at the top are now holding the bag while the insiders have already moved on. The stock crash wiped out a quarter of Nvidia's value in weeks. Berkshire Hathaway, Warren Buffett's old-school conglomerate, is up 13% over the same stretch. Buffett's famous line — "Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless" — is making the rounds for a reason.

Huang resigned Thursday after admitting he was "unfaithful" to his wife following reports he had an affair with a suspected Chinese intelligence asset. Fresh claims that he also had an affair with a subordinate sealed the exit. Business Insider framed the story around Buffett and Munger quotes about leverage and reputation; Decrypt and Breitbart zeroed in on the national security fallout that matters far more to ordinary Americans.

Here is the money question: Megaspeed, a Singapore-based Nvidia customer, is at the center of the congressional inquiry. U.S. officials suspect the company of helping Chinese firms circumvent restrictions on advanced AI chips, according to The New York Times. Megaspeed's sister company in Malaysia bought at least $4.8 billion of AI equipment containing Nvidia chips between June 2024 and February 2026. U.S. officials concluded that Alice Huang, a former Megaspeed executive, was a Chinese intelligence asset. China called that a smear.

Senate Banking Committee Chairman Tim Scott (R-SC) has asked Huang and Commerce Secretary Howard Lutnick to testify in December, warning of subpoenas if they refuse. "The American people deserve answers," Scott wrote. Three House committee chairs — Reps. Brian Mast (R-FL), John Moolenaar (R-MI), and Rick Crawford (R-AR) — want Huang and Nvidia General Counsel Tim Teter for closed-door interviews on December 1 and 2. They're pushing to add four chip security bills to the annual defense authorization bill.

Sen. John Kennedy (R-LA) went further, demanding Treasury Secretary Scott Bessent testify alongside Lutnick. "Apparently, the Department of Commerce greenlit the sale of $4 billion in advanced chips to the spy's company," Kennedy said. "Why were they selling the chips? Did they follow the trail? How do they know the chips went to the company and not to the Communist Party of China?" Kennedy called the whole thing an "intergalactic freak show" and noted that Huang — a private-sector CEO — has been effectively making U.S. AI policy toward China.

Nvidia says it complies with U.S. export laws. Lutnick has agreed to appear voluntarily, and the White House says President Trump has "complete confidence" in him. But Kennedy's point cuts deep: if Commerce approved these sales, who signed off, and on what basis?

The bipartisan pattern is the tell. Both parties let the export-control regime drift while AI chips worth billions flowed through intermediaries to destinations Congress never intended. Now the CEO is gone, the stock is wrecked, and the same officials who greenlit the deals are being asked to explain themselves. The little guy bought the AI story at the top. The people who wrote that story are either testifying under subpoena or already out the door.