China Calls Accusations It Spied on Nvidia CEO 'Baseless Smears'

China has rejected accusations that it spied on Nvidia Chief Executive Jensen Huang, calling the claims baseless smears, according to Bloomberg News. The dispute sits within the broader U.S.-China technology rivalry, where access to advanced chips and the regulatory treatment of U.S. semiconductor firms in China feed directly into revenue expectations and risk premiums. Nvidia (NVDA) is the most directly exposed name, since its growth narrative depends heavily on China demand and on Beijing's willingness to permit sales of its data-center products, so any escalation could widen the discount applied to its China revenue. China-linked exposure more broadly, including Chinese equities and the yuan, may face pressure through a risk-off channel as geopolitical friction raises capital-flow uncertainty. Traders should watch for any formal regulatory response from Beijing or Washington and for updates on U.S. export-control policy, which would clarify whether this episode translates into concrete trade restrictions.

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