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Concerns over AI Ease, for Now
- On Tuesday, U.S. stocks rose as the S&P 500 climbed 0.8%, the Dow Jones Industrial Average added 370 points, and the Nasdaq composite gained 1%.
- Advanced Micro Devices announced a multiyear chip supply deal with Meta Platforms, granting Meta's option to buy up to 160 million AMD shares for 1 cent each, while strong end of 2025 earnings boosted sentiment.
- AMD's stock rallied 8.8% after the Meta chip deal while Keysight Technologies surged 23.1% and FactSet Research Systems jumped 5.9%, with IBM recovering 2.7% from Monday's drop.
- The rally produced a sharp turnaround from Monday, with the S&P 500 recovering nearly three-quarters of its sharp drop, and other companies hit by AI worries trimmed losses, highlighting sector resilience.
- The episode is a reminder of the excitement built in recent years about the billions of dollars pouring into AI, which could remake the world and create a more productive economy.
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23 Articles
23 Articles
Herald Bulletin+18 Reposted by 18 other sources
US stocks rise after getting a reminder of AI's potential upsides
The U.S. stock market rose after getting a reminder that the artificial-intelligence technology boom may also have an upside. The S&P 500 climbed 0.8% Tuesday and recovered nearly three-quarters of its loss from the day before, when worries worsened that…
Coverage Details
Total News Sources23
Leaning Left7Leaning Right3Center8Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 39%
C 44%
R 17%
Factuality
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