Treasury Secretary Scott Bessent told CNBC's "Squawk Box" that his department and others in the Trump administration have long supported slapping restrictions on Megaspeed, the company at the center of former Nvidia CEO Jensen Huang’s spy-sex scandal.

Treasury Secretary Scott Bessent told CNBC's "Squawk Box" that the Treasury Department and other Trump administration agencies have long backed restrictions on Megaspeed, a company linked to former Nvidia CEO Jensen Huang, though the headline is truncated and the full scope of the proposed measures is not confirmed here. The transmission channel runs through export controls and national-security screening, which can alter access to advanced semiconductor supply chains and capital flows into related firms rather than through interest rates or broad inflation expectations. Nvidia (NVDA) is the most directly exposed name, given its dependence on China-linked and third-party distribution channels and the sensitivity of AI-chip demand to regulatory headlines. Traders should watch for the Commerce Department's follow-up entity-list or export-rule actions and any formal Treasury or CFIUS announcement that specifies Megaspeed's status, as these would clarify whether the restrictions are imminent or still at the advocacy stage.

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