American chipmaking giant Nvidia says it plans to resume sales to China of an artificial intelligence chip that’s become part of a global race pitting the world’s biggest economies against each other.

Shares of Nvidia Corp. popped on Tuesday morning after the company said it expects to be able to sell its H20 chips to China again, along with a new export control-compliant chip for artificial intell...

The company says it plans to resume sales of its H20 AI chip to China after securing assurances from Washington that it would approve the shipments.