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 has called U.S. semiconductor export controls on China “a failure,” and many chip analysts and pundits think he has a point.