By Yahoo Finance
Publication Date: 2026-02-24 13:32:00
As stocks struggled to regain their footing after a bumpy start to the week, the tech sector remained under pressure at the start of the trading day on Tuesday.
Here’s a look at some trending tech tickers moving on the latest tech news:
AMD (AMD) stock jumped 5% on news of the chipmaker’s multiyear agreement with Meta (META) to supply 6 gigawatts in chips to the hyperscaler. Scroll down to read more about the deal or check out the full story here.
Oracle (ORCL) shares slipped further at the open after a report from The Information stated that the $500 billion Stargate project announced in January 2025 to build data centers has stalled after months of disputes among Oracle, OpenAI (OPAI.PVT), and Softbank (SFTBY). As a result, the project missed its self-imposed goal of delivering 10 gigawatts of AI computing capacity in 2025.
International Business Machines (IBM) shares began to recover after Anthropic’s announcement that its Claude Code AI tool could help modernize Common Business-Oriented Language, or COBOL code, which is used in nearly all ATM transactions in the US. COBOL has been used in many of the enterprise systems IBM sells, leading investors to believe a core part of its business may be threatened by AI disruption. IBM stock rose more than 1%.
Alphabet (GOOG) stock slipped into the red at the open after its self-driving unit, Waymo, said it’s expanding its robotaxi service in Dallas, Houston, San Antonio, and Orlando.
Uber (UBER) stock edged higher after the…
