Jensen Huang, the chipmaker’s top executive, said the attempt to cut off the flow of advanced A.I. chips spurred Chinese companies to “accelerate their development.”

Nvidia Corp. Chief Executive Officer Jensen Huang expressed confidence in his company’s trade partners and said there’s no evidence of its prized semiconductors being diverted to the Chinese market.

Nvidia CEO Jensen Huang praised President Donald Trump’s move to modify U.S. curbs on the export of artificial intelligence chips to China, saying the Biden-era controls were a “failure.”