The chairman of the House Select Committee on China on Friday objected to the resumption of Nvidia H20 AI chip sales to China in a letter to U.S. Commerce Secretary Howard Lutnick. Nvidia said earlier this week it had been assured by the U.

Nvidia stock's surge looks poised to accelerate because investors' biggest concern about the company -- losing the Chinese data center AI chip market -- is now a non-issue.

NVIDIA Corp. NVDA — the undisputed global leader of the generative artificial intelligence (AI)-powered graphical processing units (GPUs) — saw a 4% jump in its stock price on July 15, after the company said in a statement that it is hopeful about resuming sales of H20 AI chips to China.