Stocks

AMD and Meta unveiled a five-year AI chip partnership valued at up to $60 billion to deploy as much as 6 gigawatts of AMD Instinct GPUs. AMD shares were up as much as 15% in premarket trading; as of 8:16 AM EST on February 24, the stock traded at $214.35 after a $196.60 close on February 23.

DeepSeek plans to unveil a new AI model as soon as next week, and U.S. officials say it was trained on Nvidia’s Blackwell chips that are barred from export to China. A senior official said Monday the setup could breach U.S. export controls and suggested the hardware may be clustered at a DeepSeek site in Inner Mongolia.

On February 24, 2026, Bitwise filed with the US Securities and Exchange Commission to launch exchange-traded funds linked to 2028 US presidential election contracts. The PredictionShares products would bundle event-driven contracts into an ETF wrapper amid regulatory scrutiny of prediction markets. The SEC has not indicated whether the proposals will be approved.

Jane Street significantly raised its IBIT and MSTR shareholdings in Q4 and February 2026, including a 53.78% jump to 20.3M IBIT shares valued at $1B. These stakes may primarily serve as market maker inventory tied to derivative strategies, rather than reflecting a simple long-term bullish bet on BTC.

Shares of leading United States cybersecurity firms fell sharply after Anthropic launched its Claude Code Security vulnerability scanner on Feb. 20. Palo Alto Networks, CrowdStrike and Fortinet posted declines of up to 18% in the days following the debut of the AI-powered tool, which is built on Anthropic’s Claude Opus 4.6 model.

On Monday, a report from Citrini Research was partly blamed for a sell-off in software and payments stocks, with IBM falling 13.1% to $223.35 and several tech and card networks also lower. The "Global Intelligence Crisis" report warned AI agents could upend the economy, threaten the $13 trillion US mortgage market, and create "Ghost GDP" that appears in national data but bypasses the real economy.

Canaan agreed to acquire Cipher Mining's 49% interest across three West Texas bitcoin projects, the company said Monday in a press release. The deal was funded by issuing 806,439,900 Class A shares, equal to 53,762,660 ADS at $0.7394 per ADS, for approximately $39.75 million and a six‑month lock‑up. The ABC sites have 120 MW and around 4.4 EH/s.

Digital asset treasury companies are publicly listed firms that accumulate crypto on their balance sheets, offering stockholders indirect exposure. The model began in 2020 with Strategy (formerly known as MicroStrategy) and has since expanded to 200+ companies holding assets like BTC, ETH, and SOL. These vehicles differ from ETFs, use leverage, and trade at premiums or discounts to NAV.

Crypto markets opened under pressure after President Trump imposed 15% global tariffs, with US 30 down 0.55% to 49,354.5 and US Tech 100 off 0.89% to 24,790.9. Bitcoin climbed back above $66,000 toward $68,000 as Ethereum slipped 1.72%, while new SEC staff guidance applies a 2% haircut (98% recognition) to qualifying USD stablecoins.

Between February 17 and February 22, Strategy acquired 592 BTC for about $39.8 million, as noted in a Monday SEC filing. The company now holds 717,722 BTC, valued at roughly $47.5 billion at current prices, and funded the latest purchases through at the market MSTR share sales.