In late September, Cantor Fitzgerald hosted Nvidia CEO Jensen Huang for investor meetings, leading to a positive outlook from Cantor analysts who maintained a $350 price target and an overweight rating on Nvidia stock.
However, a CNBC analysis revealed that Cantor's Nvidia shares plummeted nearly 50% from September 2025 to March 2026, coinciding with increased pressure from U.S. officials to investigate Megaspeed, a company suspected of illegally exporting Nvidia chips to China.
Despite the reduction in holdings, Cantor continued to facilitate financing for Nvidia's partners, raising ethical questions about the firm's relationship with the chipmaker. Howard Lutnick, Cantor's former CEO and now Commerce Secretary, faced scrutiny after receiving classified warnings regarding Huang's alleged connections to a suspected Chinese spy.
Although Cantor's spokesperson stated that the reported share count changes were part of normal business operations, the decline in Nvidia shares from over 3.5 million to 1.78 million, alongside a drop in value from $652 million to $310 million, indicates a significant shift in investment strategy.
As Nvidia's stock had previously doubled from its April 2025 lows, the recent decline in Cantor's holdings and the ongoing regulatory scrutiny could affect investor sentiment and Nvidia's market position