
NYC Council passes ban on 'surveillance pricing'
By Katherine Langford
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Rachel Clun Business reporter, in New York Nvidia has been crucial to artificial intelligence development, so the turmoil around its leader has rippled out to affect global AI and tech stocks. South Korea’s tech and chipmaker-heavy Kospi index closed down 0.6% on Thursday, and the Taiwan Semiconductor Manufacturing Company was trading down about 1.7%. Bad news for Nvidia could be good news for some of its competitors, however. Shares in Chinese manufacturers of graphics processing units rose, with Moore Threads, MetaX and Cambricon all surging by more than 8%. Shares in American chipmaker AMD rose by 4% in early trading.