Nvidia, Salesforce Lead Tech Stocks Higher Amid AI Optimism
Tech stocks led Wall Street higher on Thursday after Nvidia and Salesforce reported better-than-expected profits, easing some concerns about artificial-intelligence stocks.
Nvidia's shares jumped 6% after it exceeded analyst forecasts for profit and revenue in the latest quarter. The company also provided a rosy outlook for upcoming revenue growth, citing continued demand for chips to power AI projects.
Salesforce's stock rose 14% as it posted its best quarter in history thanks in part to strong sales of AI-driven products. Its CEO, Marc Benioff, said the company is seeing 'incredible demand' for these offerings.