Nvidia plunges amid alleged Chinese spy row but tech shares rebound, oil prices slump

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Oil prices fell five per cent on hopes for diplomatic talks aimed at ending the US-Iran war. Chipmakers and other companies linked to the artificial intelligence boom took a hammering in the days after last Tuesday’s US midterm elections, which saw Democrats sweep both chambers of Congress, leading to speculation lawmakers would seek to rein in tech firms. Also read: Nvidia CEO Jensen Huang’s China spy probe explained: Background, allegations and key details But Wall Street’s main indices opened higher, with the tech-heavy Nasdaq adding 0.9 %. Briefing.com analyst Patrick O’Hare said the rebound in equities was due to more…

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