{"id":74471,"date":"2026-11-10T16:08:17","date_gmt":"2026-11-10T20:08:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-under-fire-as-house-gop-considers-subpoena-oil-slips-to-two-month-lows\/74471\/"},"modified":"2026-11-10T16:08:17","modified_gmt":"2026-11-10T20:08:17","slug":"nvidia-under-fire-as-house-gop-considers-subpoena-oil-slips-to-two-month-lows","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-under-fire-as-house-gop-considers-subpoena-oil-slips-to-two-month-lows\/74471\/","title":{"rendered":"Nvidia Under Fire as House GOP Considers Subpoena; Oil Slips to Two-Month Lows"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) faces intensifying political pressure<\/strong> as House Republicans consider issuing a <strong>subpoena to CEO Jensen Huang<\/strong> following reports of an alleged affair with a Chinese intelligence asset.<\/li>\n<li><strong>US <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">crude oil<\/a> futures (WTI) settled at $86.04\/bbl<\/strong>, down <strong>0.93%<\/strong>, hitting two-month lows as the administration signals a more conciliatory tone toward Iran following midterm election shifts.<\/li>\n<li><strong>The CFTC has postponed Wall Street\u2019s push<\/strong> to launch AI computing futures by at least <strong>60 days<\/strong>, delaying the debut of a public market for GPU rental prices until at least early 2027.<\/li>\n<li><strong>Jim Jordan (R-Ohio) was elected House Minority Leader<\/strong> in a <strong>106-73 vote<\/strong> over Steve Scalise, marking a significant hardline shift for the GOP conference after midterm losses.<\/li>\n<li><strong>Siemens Energy (<a href=\"\/stock\/ENR\">ENR<\/a>) announced a massive \u20ac9 billion share repurchase program<\/strong> through FY2030, significantly expanding its existing capital return strategy.<\/li>\n<\/ul>\n<h2>Political and Regulatory Heat on Nvidia<\/h2>\n<p><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) is at the center of a growing national security firestorm as <strong>House Republicans consider a subpoena<\/strong> for CEO Jensen Huang. The move follows reports from <em>The New York Times<\/em> and <em>ABC News<\/em> regarding Huang\u2019s interactions with an executive identified by the intelligence community as a <strong>Beijing intelligence asset<\/strong>. While President Trump has publicly defended Huang as an &quot;honorable man,&quot; the House Foreign Affairs and Intelligence committees are demanding a closed-door briefing on November 18 to assess potential risks to sensitive US technology.<\/p>\n<p>Simultaneously, the <strong>Commodity Futures Trading Commission (CFTC)<\/strong> has hit the brakes on a Wall Street effort to trade AI computing power. The regulator extended its review of proposed <strong>GPU futures contracts<\/strong> by 60 days, citing concerns over <strong>price manipulation<\/strong> and the opaque nature of private GPU rental deals. This delay effectively postpones the launch of the first publicly traded market for <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) H100 and B200 chip futures until <strong>early 2027<\/strong>.<\/p>\n<h2>Energy Markets and Geopolitical Shifts<\/h2>\n<p><strong>US crude oil futures settled at $86.04 per barrel<\/strong> on Tuesday, falling <strong>81 cents<\/strong> as geopolitical premiums continue to erode. Market sentiment shifted after President Trump suggested the military conflict with Iran is &quot;effectively over,&quot; leading to the lowest settlements for WTI and Brent since late August. Despite the bearish trend, a <strong>fire broke out at Iran\u2019s South Pars gas field<\/strong> on the SPD14D platform; however, officials reported the situation is under control and the impact is limited to roughly <strong>2% of the field&#39;s total production<\/strong>.<\/p>\n<p>In corporate energy news, <strong>Siemens Energy (<a href=\"\/stock\/ENR\">ENR<\/a>)<\/strong> surprised markets with a commitment to <strong>repurchase up to \u20ac9 billion in shares<\/strong> by fiscal year 2030. This program is in addition to an ongoing <strong>\u20ac6 billion buyback<\/strong>, signaling strong confidence in the company&#39;s long-term cash flow despite the broader volatility in global energy infrastructure.<\/p>\n<h2>Leadership Shakeup in Washington<\/h2>\n<p>The House Republican conference elected <strong>Jim Jordan<\/strong> as the next <strong>US House Minority Leader<\/strong>, defeating Steve Scalise in a <strong>106-73 secret ballot vote<\/strong>. Jordan\u2019s ascension represents a victory for the party\u2019s hardline wing as they prepare to navigate a new role in the minority following the recent &quot;blue wave&quot; in the midterms. Jordan has already signaled an &quot;offensive&quot; strategy, promising to mount an aggressive defense against anticipated Democratic investigations into the administration and private sector allies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nvidia (NVDA) faces intensifying political pressure as House Republicans consider issuing a subpoena to CEO Jensen Huang following 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