US Stocks Rise Tuesday                 02/24 15:24

   U.S. stocks rose Tuesday after getting a reminder that the 
artificial-intelligence boom may also have an upside.

   NEW YORK (AP) -- U.S. stocks rose Tuesday after getting a reminder that the 
artificial-intelligence boom may also have an upside.

   The S&P 500 climbed 0.8% and recovered nearly three-quarters of its sharp 
drop from the day before. The Dow Jones Industrial Average added 370 points, or 
0.8%, and the Nasdaq composite gained 1%.

   Advanced Micro Devices helped lead the market and rallied 8.8% after 
announcing a multiyear deal where it will supply chips to Meta Platforms to 
help power its AI ambitions. Under the agreement, 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.

   It's a reminder of the excitement that built in recent years about the 
billions of dollars pouring into AI, which could remake the world and create a 
more productive economy.

   It also helped produce a sharp turnaround from the prior day, when worries 
about the potential downsides of AI shook Wall Street, particularly companies 
and industries that investors fear could be made obsolete. Industries as far 
flung as software, trucking logistics and financial services have recently seen 
investors suddenly and aggressively punish them for potentially being under 
threat.

   IBM rose 2.7% to recover some of its 13.1% drop from Monday, which was its 
worst since 2000.

   The pain has also filtered out to the private-equity industry, with fears 
building that loans it made to software companies dependent on recurring 
revenue may have less of a chance of getting repaid. Blue Owl Capital rose 2.8% 
to trim its loss for the young year so far to 28.2%.

   On Tuesday, Anthropic unveiled new tools for businesses to use with its 
Claude AI assistant. They covered everything from human-resources work to 
engineering to investment banking.

   The event suggested that fears about AI supplanting existing software, 
rather than merely making it easier to use, may be overblown, according to Dan 
Ives, an analyst at Wedbush. "While these use cases are impressive, the reality 
is that these new AI tools will not rip and replace existing software 
ecosystems and data environments with these AI tools only as useful as the data 
it can reach."

   One of the tools allows users to bring data on financial markets from 
FactSet into Claude. FactSet Research Systems' stock jumped 5.9% for one of the 
biggest gains in the S&P 500, though it's still down 30.6% for the year so far.

   Other companies hit hard by worries about AI competition also trimmed their 
losses for the year. Salesforce climbed 4.1%, and AppLovin rose 3.3%.

   Outside of AI worries, big U.S. companies continued to report mostly better 
profits for the end of 2025 than analysts expected.

   Keysight Technologies rallied 23.1% for the biggest gain in the S&P 500 
after topping analysts' expectations for profit and revenue in the latest 
quarter. It also said revenue in the current quarter could rise by roughly 30% 
from a year earlier.

   Home Depot rose 2% after likewise delivering stronger profit and revenue 
than analysts expected. That was even with what CEO Ted Decker called "ongoing 
consumer uncertainty."

   All told, the S&P 500 rose 52.32 points to 6,890.07. The Dow Jones 
Industrial Average added 370.44 to 49,174.50, and the Nasdaq composite climbed 
236.41 to 22,863.68.

   In stock markets abroad, indexes were mixed in Europe amid mostly modest 
movements.

   The swings were larger in Asia. South Korea's Kospi jumped 2.1%, while Hong 
Kong's Hang Seng dropped 1.8%. Stocks in Shanghai rose 0.9% after reopening 
following a holiday of more than a week.

   In the bond market, Treasury yields held relatively steady after a report 
said that confidence among U.S. consumers improved by more than economists 
expected. The yield on the 10-year Treasury held at 4.03%, where it was late 
Monday.