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Owned by ABP GroupChina Reacts To Nvidia Controversy, Urges US To Stop 'Fabricating' Chinese Spy Claims
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Nvidia shares fell 13% over five days as controversy surrounding CEO Jensen Huang intensified, prompting concern about the impact on equity mutual‑fund portfolios that hold the chip maker’s stock. While the Livemint report notes that several mutual‑fund schemes are exposed to the decline, it does not name the specific funds. The episode coincides with reports of a Chinese firm linked to former executive Alice Huang obtaining banned Nvidia chips, US export curbs threatening over $3 billion of Chinese AI projects that rely on Nvidia processors, and senior Democrats calling for congressional scrutiny of Nvidia and the Trump administration after Huang’s resignation.
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RSS excerpt
China's Foreign Ministry has responded to the controversy surrounding Nvidia, urging the United States to stop making what it called fabricated claims about Chinese spies to justify technology restrictions. Foreign Ministry spokesperson Mao Ning said on Friday that Beijing had clarified its position…