KEY TAKEAWAYS Nvidia CEO Jensen Huang reportedly called Washington’s export curbs on the sale of AI chips to China a “failure” that would drive Chinese rivals to speed up developing their own semiconductors.

Nvidia Corp. chief Jensen Huang blasted the “failure” of US restrictions intended to contain China’s technological ascent, calling on the White House to lower barriers to AI chip sales before American firms cede that market to up-and-coming rivals such as Huawei Technologies Co.

Nvidia (NVDA) stock is in full focus today after CEO Jensen Huang issued a strong statement on an important tech policy matter. Investors have harbored plenty of questions since the year began, as the new presidential administration has considered what its agenda will be on artificial intelligence (AI).