Nvidia Corp.’s Jensen Huang spent months telling everyone what a grave mistake the US was making restricting shipments of artificial intelligence processors to China — with little sign that his argument was swaying anyone.

The US chip giant has received fresh approval to resume deliveries of its H20 chip to China after Commerce Department reverses earlier export curbs.

Shares of Nvidia closed at a record $170.70 Tuesday following news the chipmaker expects to resume exports of its advanced H20 GPU to China.