The U.S. Trade Representative labeled Nvidia a “structurally important” company while expressing continuing concerns about its governance and activities related to China. The statement comes as an independent board investigation focuses on Nvidia CEO Jensen Huang and his reported links to a woman connected to Chinese intelligence. Nvidia says there is no indication that national security has been compromised. Markets are watching the investigation and Nvidia’s November 17 earnings report, which could affect the company’s market perception and share price.
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