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U.S. stock index futures edged up on Tuesday, recovering ​slightly after a broad market selloff the previous session as investors grappled with the uncertain impact of President Donald Trump’s tariff maneuvers and escalating AI-related concerns.
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Advanced Micro Devices said on Tuesday it has agreed to sell up to $60 billion worth of artificial intelligence chips to Meta Platforms over five years in a deal that allows the Facebook owner to purchase as much as 10% of the chip firm.
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The Indian ​rupee closed modestly weaker on ​Tuesday, weighed down by a drop in ​local stocks and strong dollar demand from the non-deliverable forwards market, though losses were limited by central bank intervention.
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HSBC argues that AI will not replace enterprise software but become embedded within it, acting as a supporting layer. The brokerage sees legacy software vendors as key beneficiaries of AI adoption, driven by agent-based integration, strong demand, and scalable enterprise deployment, even as tech stocks face near-term disruption concerns.
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