Nvidia Corp. Chief Executive Officer Jensen Huang said the US government doesn’t need to be concerned that the Chinese military will use his company’s products to improve their capabilities.

Nebius is currently the best stock that Nvidia owns. The company flew under the radar earlier this year because it was listed on the Nasdaq Stock Exchange just recently (in October) after a nearly three-year hiatus. The Russian tech giant Yandex, which was delisted due to sanctions after Russia invaded Ukraine, formerly owned Nebius' assets.

Nvidia CEO Jensen Huang will hold a media briefing in Beijing on July 16, an official from the company said on Sunday.