Chips down after Huang exit?

US lawmakers are pushing for tougher restrictions on chip sales to China after Nvidia co-founder and CEO Jensen Huang resigns. Microsoft is racing to restore service after a global outage knocked out Outlook, Teams and Copilot for users worldwide. PPI data lands today, with markets watching closely as hawkish Fed bets push bond yields and the dollar higher.

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Today's recommended read: Wall Street withstands AI blues. What about Nvidia shock? by Jamie McGeever

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