By William Collins, consultant in stock markets – Eurasia Business News, February 24, 2026. Article no 2035

Stocks rose Tuesday, as news of a massive chip deal took some of the sting out of a viral AI report that triggered Monday’s broad selloff.

Early Tuesday, Meta Platforms announced it agreed to buy AMD’s latest MI450 AI chips in a multiyear deal that could exceed $100 billion, including a performance-based warrant that could give Meta up to a 10% stake in AMD. AMD also commits roughly 6 gigawatts of AI compute capacity for Meta’s data centers.

The Nasdaq composite advanced 1%, while the S&P 500 and Dow industrials were both up 0.8%. The dollar edged higher, rallying against the Japanese yen. Bitcoin edged lower to trade near $64,000.

Gold futures retreated. Benchmark gold futures were trading a little above 5,170 USD per troy ounce, modestly lower on the day but still near record-high territory.

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Silver was trading around 87.9 USD per troy ounce, near the upper 80s after a sharp rally and mild pullback.

President Trump’s new 10% global tariffs took effect at midnight. He said on social media over the weekend that he would hike the rate to 15%, but affirmed only the 10% officially.

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© Copyright 2026 – Eurasia Business News. Article no. 2034