The vice president said excessive regulation or an overemphasis on artificial-intelligence safety could cripple the technology just as it is poised to take off.

Shares of Intel Corp. were surging on Tuesday after Vice President J.D. Vance made bullish comments about semiconductor manufacturing in the U.S. at an artificial-intelligence summit in Paris.

Vice President JD Vance’s pledge at a Paris summit to ensure powerful artificial-intelligence chips are designed and made in the U.S. lifted shares of Intel, the beleaguered American chip giant that is expanding its domestic manufacturing.