It depends
The 2 things that are key is 1) how long/to what degree does the defensive player keep his hand on the ball 2) is there separation between the shooter's hand and ball.
1) If it's just a quick touch, I'm not ruling a jump ball. If the shooter is airborne at the time of the touch he better attempt a shot or pass the ball else I've got a travel. If it's more than a touch and prevents the shooter from continuing his shooting motion, I've got a held ball based on the rule you mention.
2) Separation occurs, I've got a shot, block, recovery and no travel.
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