Wall Street muted after AI selloff, AMD climbs 6.8%, IBM adds 4.1% - News Summed Up

Wall Street muted after AI selloff, AMD climbs 6.8%, IBM adds 4.1%


Major US stock market benchmarks were muted on Tuesday, a day after slumping on artificial intelligence (AI) worries. Key Stock Movers Advanced Micro Devices (AMD) shares climbed 6.8% after the firm announced a multi-year deal where it will supply chips to help power Meta Platforms’ AI ambitions. Meta Platforms slipped 1.2%. According to the deal, Meta also got the right to buy up to 160 million shares of AMD stock for 1 cent each, depending in part on how many chips Meta ultimately buys. Home Depot stock surged 3.8% after the retailer reported stronger profit and revenue than Wall Street expected.


Source: Mint February 24, 2026 15:07 UTC



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