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House China Panel chair Moolenaar urges Trump to tighten AI chip export controls on China

House China Panel chair Moolenaar urges Trump to tighten AI chip export controls on China

The Republican congressman wants the Commerce Department to close loopholes that let sanctioned Chinese firms like Huawei get their hands on advanced semiconductors

NVIDIA Corporation (NVDA) price

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Market cap
$5.3T (shares as of 2026-08-21)
P/E (trailing)
27.6 (EPS to 2026-07-26)
Annual revenue
$215.9B USD (FY ended 2026-01-25) 10-K
Annual revenue growth
+65.5% (FY ended 2026-01-25 vs FY ended 2025-01-26) 10-K
Annual net income
120,067,000,000 USD (FY ended 2026-01-25, attributable to the company) 10-K
Annual operating margin
60.4% (FY ended 2026-01-25)
Forward P/E
Unavailable: no dated forecast source

Gloria daily close for session Oct 27, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

NVIDIA Corporation and its peers

Company PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
NVIDIA Corporation NVDA · Price dated Oct 27, 2026 · tokenized NVDAx $218$5.3T27.6Unavailable$215.9BFY ended 2026-01-25 · 10-K+65.5%FY ended 2026-01-25 vs 2025-01-26 · 10-K120,067,000,000FY ended 2026-01-25, attributable to the company · 10-K60.4%FY ended 2026-01-25
Broadcom Inc. AVGO · Price dated Oct 27, 2026 · tokenized AVGOx $342$1.6T43.7Unavailable$63.9BFY ended 2025-11-02 · 10-K+23.9%FY ended 2025-11-02 vs 2024-11-03 · 10-K23,126,000,000FY ended 2025-11-02, consolidated · 10-K39.9%FY ended 2025-11-02
Micron Technology Inc. MU · Price dated Oct 27, 2026 · tokenized MUx $929$1.1T12.5Unavailable$133.2BFY ended 2026-09-03 · 10-K+256.3%FY ended 2026-09-03 vs 2025-08-28 · 10-K84,969,000,000FY ended 2026-09-03, attributable to the company · 10-K74.6%FY ended 2026-09-03
Advanced Micro Devices Inc. AMD · Price dated Oct 27, 2026 · tokenized AMDx $560$914.6B143.7Unavailable$34.6BFY ended 2025-12-27 · 10-K+34.3%FY ended 2025-12-27 vs 2024-12-28 · 10-K4,335,000,000FY ended 2025-12-27, attributable to the company · 10-K10.7%FY ended 2025-12-27

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 27, 2026, 10:51 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Token vs underlying stock

Current comparison for NVDA. Historical observations may postdate this article.

NVDAx token unit vs NVDA share · USD

$218.06Oct 27 UTC

+2.7% over displayed period

● NVDAx token┄ NVDA stock: $217.94

Aug 4, 2026: token $212.33 at 20:00 UTC; stock close $211.94 Aug 5, 2026: token $219.87 at 20:00 UTC; stock close $219.22 Aug 6, 2026: token $219.15 at 20:00 UTC; stock close $218.99 Aug 7, 2026: token $223.93 at 20:00 UTC; stock close $223.96 Aug 10, 2026: token $217.66 at 20:00 UTC; stock close $217.55 Aug 11, 2026: token $217.53 at 20:00 UTC; stock close $217.50 Aug 12, 2026: token $224.12 at 20:00 UTC; stock close $224.09 Aug 13, 2026: token $225.42 at 20:00 UTC; stock close $225.30 Aug 14, 2026: token $225.34 at 20:00 UTC; stock close $225.16 Aug 17, 2026: token $225.13 at 20:00 UTC; stock close $225.01 Aug 18, 2026: token $219.70 at 20:00 UTC; stock close $219.74 Aug 19, 2026: token $217.76 at 20:00 UTC; stock close $217.56 Aug 20, 2026: token $216.79 at 20:00 UTC; stock close $216.85 Aug 21, 2026: token $214.85 at 20:00 UTC; stock close $214.72 Aug 24, 2026: token $208.75 at 20:00 UTC; stock close $208.48 Aug 25, 2026: token $213.16 at 20:00 UTC; stock close $213.05 Aug 26, 2026: token $210.06 at 20:00 UTC; stock close $209.66 Aug 27, 2026: token $227.96 at 20:00 UTC; stock close $227.98 Aug 28, 2026: token $217.74 at 20:00 UTC; stock close $217.55 Aug 31, 2026: token $220.91 at 20:00 UTC; stock close $220.78 Sep 1, 2026: token $217.58 at 20:00 UTC; stock close $217.44 Sep 2, 2026: token $224.46 at 20:00 UTC; stock close $224.41 Sep 3, 2026: token $228.90 at 20:00 UTC; stock close $228.45 Sep 4, 2026: token $230.35 at 20:00 UTC; stock close $230.36 Sep 8, 2026: token $225.69 at 20:00 UTC; stock close $225.73 Sep 9, 2026: token $223.89 at 20:00 UTC; stock close $223.67 Sep 10, 2026: token $218.70 at 20:00 UTC; stock close $218.36 Sep 11, 2026: token $218.92 at 20:00 UTC; stock close $218.29 Sep 14, 2026: token $211.47 at 20:00 UTC; stock close $210.96 Sep 15, 2026: token $212.34 at 20:00 UTC; stock close $212.17 Sep 16, 2026: token $214.25 at 20:00 UTC; stock close $213.90 Sep 17, 2026: token $219.68 at 20:00 UTC; stock close $219.34 Sep 18, 2026: token $222.24 at 20:00 UTC; stock close $222.27 Sep 21, 2026: token $227.69 at 20:00 UTC; stock close $227.38 Sep 22, 2026: token $229.20 at 20:00 UTC; stock close $228.87 Sep 23, 2026: token $225.44 at 20:00 UTC; stock close $225.51 Sep 24, 2026: token $224.87 at 20:00 UTC; stock close $224.58 Sep 25, 2026: token $225.29 at 20:00 UTC; stock close $225.07 Sep 28, 2026: token $228.97 at 20:00 UTC; stock close $228.86 Sep 29, 2026: token $227.95 at 20:00 UTC; stock close $227.21 Sep 30, 2026: token $229.85 at 20:00 UTC; stock close $228.38 Oct 1, 2026: token $231.18 at 20:00 UTC; stock close $230.86 Oct 2, 2026: token $234.38 at 20:00 UTC; stock close $233.95 Oct 5, 2026: token $239.30 at 20:00 UTC; stock close $238.90 Oct 6, 2026: token $239.71 at 20:00 UTC; stock close $239.24 Oct 7, 2026: token $237.80 at 20:00 UTC; stock close $237.47 Oct 8, 2026: token $230.81 at 20:00 UTC; stock close $230.48 Oct 9, 2026: token $229.70 at 20:00 UTC; stock close $229.28 Oct 12, 2026: token $226.87 at 20:00 UTC; stock close $226.32 Oct 13, 2026: token $228.73 at 20:00 UTC; stock close $228.52 Oct 14, 2026: token $221.56 at 20:00 UTC; stock close $221.30 Oct 15, 2026: token $217.48 at 20:00 UTC; stock close $217.23 Oct 16, 2026: token $214.56 at 20:00 UTC; stock close $214.13 Oct 19, 2026: token $217.41 at 20:00 UTC; stock close $217.09 Oct 20, 2026: token $216.69 at 20:00 UTC; stock close $216.47 Oct 21, 2026: token $222.20 at 20:00 UTC; stock close $221.97 Oct 22, 2026: token $212.42 at 20:00 UTC; stock close $212.21 Oct 23, 2026: token $211.27 at 20:00 UTC; stock close $210.96 Oct 26, 2026: token $216.15 at 20:00 UTC; stock close $216.00 Oct 27, 2026: token $218.06 at 20:00 UTC; stock close $217.94
Aug 4$208.48 to $239.71Oct 27

Source: CoinGecko + Gloria · Retrieved Oct 28, 19:51 UTC · Delayed

Methodology and data

Split-adjusted regular-session stock closes from the existing Gloria shared history, paired only with an observed token price within 45 minutes of 16:00 New York time. Up to 60 matched sessions. No interpolation or missing-date fill. Weekends and known early closes are omitted. Token units are not adjusted for issuer multipliers or dividend treatment. This compares quoted prices, not fair value, executable premiums or arbitrage returns. Solid line: token. Dashed line: stock. Exact quote times and values appear below. Historical observations. Retrieval refers to the token source. Token quote times use UTC. The fixed cohort shows its oldest member fetch.

Nvidia token vs Nvidia stock: exact source values
Date (UTC)Token (USD)Stock close (USD)Token quote (UTC)
2026-08-04212.33211.942026-08-04 20:00
2026-08-05219.87219.222026-08-05 20:00
2026-08-06219.15218.992026-08-06 20:00
2026-08-07223.93223.962026-08-07 20:00
2026-08-10217.66217.552026-08-10 20:00
2026-08-11217.53217.502026-08-11 20:00
2026-08-12224.12224.092026-08-12 20:00
2026-08-13225.42225.302026-08-13 20:00
2026-08-14225.34225.162026-08-14 20:00
2026-08-17225.13225.012026-08-17 20:00
2026-08-18219.70219.742026-08-18 20:00
2026-08-19217.76217.562026-08-19 20:00
2026-08-20216.79216.852026-08-20 20:00
2026-08-21214.85214.722026-08-21 20:00
2026-08-24208.75208.482026-08-24 20:00
2026-08-25213.16213.052026-08-25 20:00
2026-08-26210.06209.662026-08-26 20:00
2026-08-27227.96227.982026-08-27 20:00
2026-08-28217.74217.552026-08-28 20:00
2026-08-31220.91220.782026-08-31 20:00
2026-09-01217.58217.442026-09-01 20:00
2026-09-02224.46224.412026-09-02 20:00
2026-09-03228.90228.452026-09-03 20:00
2026-09-04230.35230.362026-09-04 20:00
2026-09-08225.69225.732026-09-08 20:00
2026-09-09223.89223.672026-09-09 20:00
2026-09-10218.70218.362026-09-10 20:00
2026-09-11218.92218.292026-09-11 20:00
2026-09-14211.47210.962026-09-14 20:00
2026-09-15212.34212.172026-09-15 20:00
2026-09-16214.25213.902026-09-16 20:00
2026-09-17219.68219.342026-09-17 20:00
2026-09-18222.24222.272026-09-18 20:00
2026-09-21227.69227.382026-09-21 20:00
2026-09-22229.20228.872026-09-22 20:00
2026-09-23225.44225.512026-09-23 20:00
2026-09-24224.87224.582026-09-24 20:00
2026-09-25225.29225.072026-09-25 20:00
2026-09-28228.97228.862026-09-28 20:00
2026-09-29227.95227.212026-09-29 20:00
2026-09-30229.85228.382026-09-30 20:00
2026-10-01231.18230.862026-10-01 20:00
2026-10-02234.38233.952026-10-02 20:00
2026-10-05239.30238.902026-10-05 20:00
2026-10-06239.71239.242026-10-06 20:00
2026-10-07237.80237.472026-10-07 20:00
2026-10-08230.81230.482026-10-08 20:00
2026-10-09229.70229.282026-10-09 20:00
2026-10-12226.87226.322026-10-12 20:00
2026-10-13228.73228.522026-10-13 20:00
2026-10-14221.56221.302026-10-14 20:00
2026-10-15217.48217.232026-10-15 20:00
2026-10-16214.56214.132026-10-16 20:00
2026-10-19217.41217.092026-10-19 20:00
2026-10-20216.69216.472026-10-20 20:00
2026-10-21222.20221.972026-10-21 20:00
2026-10-22212.42212.212026-10-22 20:00
2026-10-23211.27210.962026-10-23 20:00
2026-10-26216.15216.002026-10-26 20:00
2026-10-27218.06217.942026-10-27 20:00

Stock history: Gloria · Retrieved Oct 28, 00:31 UTC. Token history: CoinGecko NVDAx.

Quoted token and share units can have different rights, multipliers and dividend treatment. This is not an executable premium or arbitrage signal.

Rep. John Moolenaar, the Michigan Republican who chairs the House Select Committee on the Chinese Communist Party, is pressing the Trump administration to stop dragging its feet on AI chip export controls. In a letter sent to Commerce Department official Jeffrey Kessler, Moolenaar called for strict enforcement of a Biden-era “foundry rule” designed to choke off the supply of high-end logic chips to Chinese entities that shouldn’t be getting them.

The loophole problem

Moolenaar’s frustration centers on a specific, well-documented failure. Chips manufactured by Sophgo were previously discovered inside Huawei AI products, despite Huawei being one of the most heavily sanctioned technology companies on the planet. The foundry rule was designed to address exactly this kind of gap. It targets the relationship between chip fabrication plants and untrusted Chinese end-users, aiming to ensure that companies like TSMC aren’t inadvertently (or otherwise) funneling advanced semiconductors to firms on the restricted list. Moolenaar’s letter specifically flagged the risk that without proper enforcement, the TSMC-Sophgo-Huawei pipeline could repeat itself.

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The Trump administration previously approved certain Nvidia chips, including the H200, for export to China. Moolenaar’s position is that approval decisions like the H200 clearance undermine the entire architecture of export controls.

The SCALE Act: a moving target approach

Beyond enforcement of existing rules, Moolenaar has introduced legislation that would fundamentally change how the US thinks about chip export restrictions. The SCALE Act proposes a “rolling technical threshold,” tying export limits to China’s own domestic chip production capabilities. Under the proposed framework, US-exported chips could be no more than 110% superior to what Chinese companies can manufacture domestically.

Moolenaar has also backed proposals to cap China’s total AI computing power at no more than 10% of US capabilities.

Bipartisan anxiety over China’s AI progress

There is bipartisan concern on Capitol Hill about how quickly Chinese AI capabilities have advanced, particularly given evidence that much of that progress has been fueled by chips that were smuggled, proxy-sourced, or acquired through supply chain workarounds. Chinese firms have proven adept at stockpiling chips before restrictions take effect, sourcing them through intermediaries in third countries, and in some cases developing domestic alternatives that narrow the gap.

Nvidia has consistently lobbied for a more targeted approach, arguing that blanket restrictions hurt American companies more than they hurt Chinese AI development. The H200 approval was widely seen as a win for that perspective. Moolenaar’s letter is an attempt to shift the balance back toward restriction.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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