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.

The chairman of the House Select Committee on China has objected to the resumption of Nvidia selling H20 AI chips to China, citing concerns about advancing China's AI capabilities. The decision reverses an export restriction and has sparked criticism from 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.