US stocks today: Wall Street steady after AI selloff as chip deal improves sentiment & more related News Here

US stocks traded largely flat on Tuesday after a day of heavy losses over fears artificial intelligence could disrupt businesses and industries, although investors took some reassurance in fresh AI-related investment momentum.The S&P 500 slipped 0.1% after falling 1% in the previous session amid concerns over the long-term economic impact of AI. The Dow Jones Industrial Average was little changed, while the Nasdaq Composite declined 0.2%, according to the AP.The market showed signs of stability as investors balanced fears of disruption with evidence of continued corporate spending on AI infrastructure. Advanced Micro Devices (AMD) helped support sentiment after announcing a multi-year agreement to supply chips powering the artificial-intelligence expansion of the Meta platform.AMD shares rose more than 10% in premarket trading following the announcement, which could eventually reach a value of about $100 million and include Meta’s 10% stake in the chip maker. Meta shares slipped less than 1%. IBM recovered some of its previous day’s decline, when AI concerns led to its biggest decline since 2000.Earlier, Wall Street futures pointed to a rebound early in the session, with S&P 500 futures up 0.1%, Dow futures up 0.2% and Nasdaq futures up 0.3% before the start of trading.Investor caution has intensified after a report from New York-based Citrini Research outlined a scenario where AI dominance could destroy the “human-centric consumer economy,” warning that delays in policy responses could accelerate a deflationary cycle.Attention now turns to Nvidia’s earnings report on Wednesday, amid concerns that heavy spending by companies like Alphabet and Amazon on AI chips may not generate enough long-term returns.Home Depot shares rose 2.4% after the retailer beat Wall Street’s fourth-quarter expectations despite consumer caution linked to the housing slowdown.European markets were largely flat in afternoon trading, with Germany’s DAX down 0.1%, Paris’ CAC 40 up 0.1%, and London’s FTSE 100 unchanged.The performance of Asian markets was mixed. Japan’s Nikkei 225 rose 0.9%, supported by gains in chip-related shares including Advantest and Disco Corp. Mainland Chinese markets rose after reopening after a week-long holiday, with the Shanghai Composite rising 0.9%, while Hong Kong’s Hang Seng fell 1.8% as investors booked profits.South Korea’s Kospi rose 2.1% to a record high, led by semiconductor gains, Samsung Electronics advanced 3.6% and SK Hynix advanced 5.7%. Australia’s S&P/ASX 200 was marginally lower, while Taiwan’s Taidex rose 2.8%. India’s Sensex fell 1.3%.Investors are also keeping an eye on President Donald Trump’s upcoming State of the Union address for clarity on US tariff policy following last week’s Supreme Court ruling against sweeping import taxes.In commodities, U.S. benchmark crude oil rose 11 cents to $66.42 a barrel, while Brent crude rose 7 cents to $71.18 amid concerns about possible U.S. military action against Iran.The US dollar strengthened to 155.86 JPY from 154.66 yen, while the euro slipped to $1.1777. Bitcoin fell 4.3% to $63,180.