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Ford and GM just announce that they have both been hit by computer chip shortages that have disrupted production. Chip shortages have been noted in

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Ford and GM just announce that they have both been hit by computer chip shortages that have disrupted production. Chip shortages have been noted in the media for months, particularly in relation to the automotive industry, so this news has been anticipated by the market. On the day this announcement is made, what reaction would we expect for Ford and GM stock? Multiple Choice No reaction An immediate negative reaction Middling reaction over multiple days Highly positive and immediate reaction A slow but positive reaction

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