Republican John Moolenaar and Democrat Raja Krishnamoorthi, who lead the House Select Committee on China, asked for the move as part of a Commerce and State Department-led review ordered by President Donald Trump to scrutinize the U.S. export control system in light of "developments involving strategic adversaries."

Nvidia said in a statement it is "ready to work with the administration as it pursues its own approach to AI."

Silicon Valley and Washington leaders said the app shows China can challenge the U.S. The Nasdaq lost 3 percent and chipmaker Nvidia shed $589 billion in market capitalization.