AI-Fueled Growth Boosts Tech Stocks on Wall Street

Tech stocks led the charge on Wall Street after several major companies reported better-than-expected profits for the spring. Nvidia, Salesforce, and others announced significant growth, driven by artificial intelligence.

The S&P 500 rose 0.7% and closed in on its all-time high set earlier this month. The Dow Jones Industrial Average added 105 points, or 0.2%, while the Nasdaq composite climbed 1.6%.

Nvidia's profits were a particular highlight, with the company surpassing analyst expectations. Salesforce also reported strong results, benefiting from increased demand for AI-powered software.