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<a s third-quarter earnings report next Tuesday. Investors are currently weighing whether the controversy surrounding the chipmaker's former leader casts doubt on the broader artificial intelligence rally that Nvidia has been instrumental in driving.
Stocks within the semiconductor sector retreated, with AMD (AMD) and Broadcom (AVGO) both experiencing losses.
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Oil prices remained relatively stable, offering a measure of relief inflation increased by 0.3% month over month in October, as reported by the producer price index. While this figure fell short of the 0.4% growth anticipated by economists, the 6.5% annual rate underscored ongoing inflationary pressures, which will likely keep the Federal Reserve on a path to raise interest rates next month.
