Jin’an Guoji Denies Nvidia, Huawei Contact After 20% Stock Surge

The denial matters because the rally was apparently built on proximity to Nvidia and Huawei rather than on contracted business, and the company's own disclosure confirms the copper-clad laminate line is still pre-revenue. That gap between narrative and disclosure is the crux for anyone tracking how AI-supply-chain themes get priced into smaller names. Whether the R&D and customer sampling progress into actual revenue, and whether the stock's deviation draws further scrutiny, are the open questions.