US PREMARKET: The Briefing for February 24, 2026
US indices are advancing this Tuesday morning, attempting to stabilize the market after Monday’s AI-related sector selloff. While the macroeconomic landscape is marked by the implementation of new tariffs, it’s the announcement of a monumental deal between AMD and Meta that is driving the tech trend.
Market Status (Premarket)
- Wall Street (Dow Jones): +0.09%
- US 500 (S&P 500): -0.03%
- US Tech 100 (Nasdaq): +0.26%
- US Russell 2000: +0.01%
Stocks to Watch
AMD (+10%) & Meta (-0.7%)
AMD soars after announcing a massive partnership with Meta Platforms. Meta plans to spend "tens of billions" per gigawatt to equip itself with AMD chips and systems (Instinct GPUs and EPYC CPUs). The agreement includes performance warrants for 160 million AMD shares.
- Sector impact: Arista Networks (+6%), Ciena and Cisco are rising in the wake of this announcement.
Larimar Therapeutics (+38%)
Spectacular surge after the FDA granted "Breakthrough Therapy" designation to nomlabofusp, its treatment for Friedreich’s ataxia in children and adults.
MacroGenics (-18%)
Sharp drop following a partial clinical hold ordered by the FDA on the LINNET (lorigerlimab) trial. Severe safety incidents (Grade 4 and 5), including one death, have been reported among patients.
IBM (Under watch)
After its historic 13% plunge on Monday (worst session since 2000), the group tries to downplay the threat of Anthropic’s Claude Code tool for COBOL modernization, reminding that the mainframe architecture is not confined to just a programming language.
Overnight News
Tariffs: The general 10% tariff on US imports took effect this morning. An increase to 15% is under discussion.
Bitcoin: Continues to slide below $63,000. The token is heading for its worst month since the 2022 crypto crisis.
Tesla: The automaker is suing California's DMV to challenge "false advertising" allegations regarding the terms "Autopilot" and "Full Self-Driving".
DeepSeek (AI): Reports suggest the upcoming Chinese model utilized Nvidia Blackwell chips, potentially bypassing US export restrictions.
