Live Nasdaq Composite: Big Tech Jockeys for Position in AI Revolution

By Gerelyn Terzo Updated Feb 24, 12:24PM EST · Published Feb 24, 9:53AM EST

Quick Read

Meta partnered with AMD for AI infrastructure chips beyond its existing Nvidia agreement.
Intel participated strongly in SambaNova’s $350M Series E financing round.
Apple purchased over 100M advanced chips from Taiwan Semi for its Arizona plant.

Live Updates

Apple Dividend

Feb 24, 2026 at 12:24 PM EST

Apple investors can bank on future dividends. Tim Cook, CEO of the iPhone maker, has reportedly shared that there’s no end in sight to Apple’s dividend increases. AAPL stock is up 2.3% today.

Coinbase Makes Stock Market Push

Feb 24, 2026 at 10:53 AM EST

With the Bitcoin price mired in losses, digital asset trading platform Coinbase (Nasdaq; COIN) is shifting gears. The exchange has announced an expansion into equities, supporting trading in U.S. stocks and ETFs on the same platform where cryptocurrencies are traded. Coinbase stock is down 1.6% today.

Fed's Goolsbee on Rates

Feb 24, 2026 at 9:53 AM EST

If Federal Reserve official Austan Goolsbee has it his way, 2026 will not see further interest rate cuts anytime soon. While conceding that there may be more accommodative policy ahead, inflation must first show further progress toward the Fed’s 2% target level.

This article will be updated throughout the day, so check back often for more daily updates.

The markets are eking out what are proving to be fleeting gains this morning as the AI revolution heats up once again. Big Technology stocks are out front, capturing headlines but failing to ignite bullish sentiment. Stocks are attempting to turn the markets rudder after yesterday’s losing session but are struggling to gain traction.

Google has unveiled plans to bolster its data center footprint in the state of Texas with the development of a new clean energy facility in Wilbarger County. Google is also breaking ground on its inaugural data center in Minnesota. Alphabet (Nasdaq: GOOGL | GOOGL Price Prediction) stock is tumbling by 1.7% today but is managing to hover above the $300-per-share level.

Meta Platforms (Nasdaq: META) has inked its latest AI chip partnership with Advanced Micro Devices (Nasdaq: AMD) on top of its existing agreement with industry leader Nvidia (Nasdaq: NVDA). According to the announcement, Meta will use the chips to power its “next gen of AI infrastructure across multiple generations of AMD Instinct GPUs.”

Here’s a look at where things stand as of morning trading:

Dow Jones Industrial Average: 48,923.97 Up 119.91 (+0.25%)
Nasdaq Composite: 22,577.26 Down 14.22 (-0.24)
S&P 500: 6,843.91 Up 4.16 (+0.07%)

Market Movers

Chip industry stalwart Intel (Nasdaq; INTC) has joined a $350 million Series E Financing in AI chip company Samba Nova with “strong participation,” according to the announcement. Intel CEO Lip-Bu Tan was an early backer of the startup and is chairman of its board.

Apple (Nasdaq: AAPL) is scooping up semiconductor sets from Taiwan Semi, purchasing over 100 million advanced chips for its Arizona plant, where it is ramping up manufacturing.

Citron is bearish on SanDisk (Nasdaq: SNDK) and is reportedly shorting the stock in anticipation of it going lower, suggesting that it is trading at Nvidia-like valuations that it hasn’t earned.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

About the Author Gerelyn Terzo →

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.