US Stocks Rebound After AI Worries, AMD-Meta Deal Boosts Market

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News18•24-02-2026, 21:30
US Stocks Rebound After AI Worries, AMD-Meta Deal Boosts Market
- •US stock market steadied on Tuesday after Monday's slump, with S&P 500 rising 0.1 percent.
- •Advanced Micro Devices (AMD) climbed 7 percent after announcing a multiyear deal to supply chips for Meta Platforms' AI ambitions.
- •IBM rose 4.1 percent, recovering from a 13.1 percent drop, its worst since 2000, amid growing focus on AI's potential downsides.
- •Keysight Technologies rallied 20 percent and Home Depot rose 2.7 percent after exceeding profit and revenue expectations.
- •Meta Platforms slipped 1.2 percent, weighing on the market due to its large market value, while Coinbase Global dropped 3.4 percent as Bitcoin fell.
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