Investment Executive·2026-02-24 22:19Group 1: Thomson Reuters Corp. - Shares of Thomson Reuters Corp. rose 11.4% after announcing that one million professionals are using its CoCounsel AI technology [1] - The stock had previously faced pressure as investors considered the potential impact of AI disruption [1] - Analyst Gardner noted that the monetization of AI at scale by Thomson Reuters is a positive development, especially as many companies invest heavily in AI [1] Group 2: Scotiabank - Scotiabank shares declined 0.7% despite reporting a jump in first-quarter profit, as the Canadian banking segment showed rising financial stress for consumers [2] - Although Scotiabank beat earnings expectations, the stock slipped due to higher provisions and softer revenue concerns [2] Group 3: U.S. Stock Market - U.S. stocks rose, indicating a potential upside from the artificial intelligence boom, following a sharp sell-off the previous day [4] - The software and semiconductor sectors rebounded, which was viewed positively by analysts [4] Group 4: Advanced Micro Devices (AMD) - Advanced Micro Devices (AMD) led the market with an 8.8% rally after announcing a multiyear deal to supply chips to Meta Platforms for its AI initiatives [5] - The agreement allows Meta to purchase up to 160 million shares of AMD stock for one cent each, contingent on chip purchases [5] Group 5: Market Sentiment and Economic Indicators - The excitement surrounding AI investments is noted as a factor that could reshape the economy and enhance productivity [6] - Recent market fluctuations have seen aggressive punishment of industries perceived to be at risk from AI advancements, including software, trucking logistics, and financial services [7] - The Canadian dollar traded at 72.95 cents US, and crude oil and gold contracts experienced declines [7]