NVDA has been under pressure for days over the board's investigation into reports that Jensen Huang was targeted by a foreign…
NVDA has been under pressure for days over the board's investigation into reports that Jensen Huang was targeted by a foreign intelligence effort. Today Reuters added a sanctions story on top of it, and the stock still closed up 2.79% at $173.61. It had been up as much as 5.12% intraday before giving some of that back.
Northwestern Polytechnical University is a PLA-linked school and one of the "Seven Sons of National Defense." It has been on the Commerce Department's Entity List since 2001, and since 2019 export licenses to it face a policy of denial. On Oct 21 it bought two Nvidia H200s for 874,700 yuan, about $123,000. It made the purchase through a Chinese reseller, Shaanxi Bosuan Network Technology, and posted the procurement record on its own website.
It also signed five separate contracts this year to rent H200 and other Nvidia compute from Chinese companies. The records don't show where the chips came from or how they got into China.
The January case-by-case opening for H200 exports to China left the Entity List restrictions in place. Reuters reviewed 26 records from this year and found more universities and research institutions buying or renting restricted Nvidia chips through domestic suppliers. Several of them have close defense ties. Nvidia, BIS and the university did not respond to requests for comment.
The timing is rough for Huang. Three Republican committee chairs want him in a briefing on Nov 18. He has been lobbying for looser China sales on the theory that they keep Chinese customers reliant on US technology. I would like to hear how that argument holds up when a blacklisted defense university is publishing its H200 invoice online.
Source:
Reuters (via BNN Bloomberg): https://www.bnnbloomberg.ca/business/artificial-intelligence/2026/11/11/military-linked-chinese-university-bought-nvidia-chips-despite-us-blacklist-reuters-exclusive/
Not financial advice. For informational and educational purposes only.
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