Nvidia stock was rising Tuesday with sales of its artificial-intelligence processors seemingly poised to surge in China. The chip maker’s shares were up 1.2% at $178.84 in early trading. The stock rose 1.

White House National economic adviser Kevin Hassett, in an apparent reference to Nvidia's H20 AI chip shipments to China, said President Trump and his team decided to let the chips go in a bid to stop China from getting ahead in the race to make the best chips.