![Semiconductor tailwind... Meta signs massive $144 trillion contract with AMD [Daily International Financial Market] - Seoul Economic Daily International News from South Korea](/_next/image?url=https%3A%2F%2Fwimg.sedaily.com%2Fnews%2Fcms%2F2026%2F02%2F25%2Fnews-p.v1.20260225.906b373100664b5b96b44a7b5bdda8e8_P1.jpg&w=3840&q=75 "Meta Signs $100B Chip Deal With AMD, Lifting Semiconductor Stocks")
NEW YORK — U.S. stocks rebounded on Thursday as Meta's massive semiconductor deal with AMD eased concerns about artificial intelligence investments and Anthropic's partnership announcements calmed fears about AI disrupting software companies.
The Dow Jones Industrial Average rose 0.76% to close at 49,174.50. The S&P 500 gained 0.77% to 6,890.07, while the Nasdaq Composite climbed 1.04% to 22,863.68.
The rally came as selling pressure on AI-related stocks subsided. Meta, Facebook's parent company, announced a deal worth more than $100 billion with AMD to purchase up to 6 gigawatts of Instinct graphics processing units over five years across multiple product generations.
Under the agreement, AMD will grant Meta warrants to purchase up to 160 million shares—approximately 10% of AMD's total outstanding stock—at $0.01 per share. The warrants will be issued in phases based on Meta's actual purchase volumes and AMD's stock price performance.
Meta also signed a separate agreement on April 17 with Nvidia to receive millions of GPUs and CPUs.
AMD shares surged 8.8% on the news. The Philadelphia Semiconductor Index rose 1.45%, while Taiwan Semiconductor Manufacturing Co. gained 4.25% and Intel climbed 5.71%.
Anthropic's announcement of partnerships with several technology companies also boosted investor sentiment by demonstrating AI's potential to coexist with existing software businesses. The AI company unveiled features integrating its Claude Cowork into enterprise applications including Salesforce.
Salesforce rose more than 4%, Adobe gained over 3%, and ServiceNow added 1.71%. Digital advertising platform AppLovin climbed 3.31%, while DocuSign advanced 2.63%.
Financial data provider Thomson Reuters jumped more than 11% following Anthropic's announcement, and FactSet rose 5.9%. The iShares Expanded Tech-Software Sector ETF gained approximately 2%, though it remains more than 30% below its 52-week high.
"This gave investors hope that AI could complement software companies rather than replace them," CNBC reported.