Wall Street Steadies After AI Concerns Triggered Prior Decline

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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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The S&P 500 fell 0.9% on Monday, while the Nasdaq fell 0.8%. The fall in both the indices was cushioned by a 3.5% surge in Google-parent Alphabet, which rose after Berkshire Hathaway disclosed a stake worth nearly $5 billion in the company. Rest of the big tech shares, including Nvidia, ended lower.

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