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 stock was wavering Wednesday, as CEO Jensen Huang once again slammed U.S. curbs on the chip maker’s exports to China.Shares fell 0.1% to $134.28 in early trading.Huang said at a news conference in Taiwan on Wednesday that U.

The now-scrapped rule would have limited the number of advanced artificial intelligence chips NVIDIA could sell to certain countries.