Your Evening Briefing

February 24, 2026

Stocks bounce back powered by tech rebound

The S&P 500, Nasdaq 100, and Russell 2000 each rose as stocks bounced back amid abating AI anxiety.

Today’s rally lifted shares in all sectors except for energy and health care. Consumer discretionary was the best-performing sector, lifted by gains in Amazon and Tesla, followed by industrials, then tech. Alphabet was the only Mag 7 stock to close in the red.

Bitcoin stabilized after falling below $63,000 early this morning, a 50% drop from its October 6 all-time high.

Stocks that moved higher:

Advanced Micro Devices soared as it struck an AI infrastructure deal with Meta valued at over $100 billion.
Beleaguered business software stocks IBM (which suffered its biggest one-day drop since 2000 yesterday), Salesforce, ServiceNow, and Oracle bounced up as Anthropic announced a series of new plug-ins tying Claude Cowork into third-party platforms like Salesforce’s Slack, Google’s apps, LegalZoom, and DocuSign, among others.
Taiwan Semiconductor hit a new all-time high as Apple plans to purchase “well over 100 million” chips from TSMC's Arizona facility this year.
Nuclear power plant operator Constellation Energy rose after reporting better-than-expected earnings and revenue this morning. The company declined to give full-year 2026 guidance until a call slated for the end of March.
Keysight Technologies skyrocketed after raising its outlook on strong AI demand.
Despite announcing disappointing Q4 results after the bell yesterday, Cipher Mining soared.
Klaviyo jumped on news of a partnership with Google aimed at autonomous customer experiences.

Stocks that moved lower:

Sandisk fell as Citron Research, short seller Andrew Left’s firm, announced it was short the stock. The shares fell further after a product release failed to live up to the hype.
Budget carriers Frontier Airlines and JetBlue dipped as Spirit Airlines reached a deal with lenders to emerge from its second bankruptcy.
Hims & Hers ticked lower after issuing soft full-year guidance and disclosing that it is under investigation by the SEC after the bell yesterday.

Nvidia is everything good and bad about the US stock market in 2026

AI-driven shortage beneficiary? Check. Buyer of memory chips? Check. A market leader facing mounting competition in the AI boom? Check. Read more.

Hinge Health’s CEO is sizing up a giant market opportunity for digital healthcare

We catch up with Daniel Perez after a volatile few months in the public markets.

Read more.

Novo Nordisk to slash GLP-1 list prices starting in 2027
Novo said the move will expand access for patients, “specifically those whose out-of-pocket costs are linked to list price, such as individuals with high-deductible health plans or co-insurance benefit designs.”
Chinese drone-maker DJI sues to overturn FCC foreign drone ban
The FCC’s move to ban all foreign drones and components is being challenged in federal court.
Alphabet’s Waymo is now available in 10 cities
Tesla is in Austin and the Bay Area.
Archer Aviation sues rival Vertical, alleging air taxi design patent infringement
Archer Aviation alleged that Vertical’s Valo aircraft “mimics” its own Midnight aircraft.

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