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Tech Stocks Surge as Nvidia and Salesforce Exceed Profit Expectations

Guavy AI Editorial Team
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CRM NVDA
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The stock market experienced a boost on Thursday as tech stocks led the way. Nvidia, Salesforce, and other companies reported higher-than-expected profits for the spring quarter.

Nvidia was a standout performer, rising 6% after delivering stronger profit and revenue than analysts expected. The company's CEO, Jensen Huang, stated that 'AI has reached its inflection point' and is doing useful work.

Salesforce also saw a significant increase of 14%, as the company reported strong profits and raised its forecast for revenue over the full year. This news helped alleviate concerns that AI-powered competitors could steal customers away from Salesforce.

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