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

Nvidia (NVDA) stock is in full focus today after CEO Jensen Huang issued a strong statement on an important tech policy matter. Investors have harbored plenty of questions since the year began, as the new presidential administration has considered what its agenda will be on artificial intelligence (AI).

Nvidia boss Jensen Huang has blasted US rules that blocked exports of advanced computing chips to China, arguing that they were backfiring against American companies. At a press conference at the annual Computex conference in Taipei, Taiwan, he called the policies a "failure".