Marc Benioff says there's "incredible demand" for Salesforce's AI and data products after earnings

On Thursday, Wall Street’s technology sector rallied after Nvidia and Salesforce posted spring profits above analyst expectations. The S&P 500 rose slightly, the Nasdaq gained, and the Dow slipped. Nvidia jumped about 6% on strong revenue and an upbeat outlook for AI-chip demand. Salesforce climbed 14% after crediting artificial intelligence for one of its best quarters, lifting its yearly revenue projection. CEO Marc Benioff described strong customer appetite for the company’s AI and data offerings, a signal that soothing worries AI-driven software rivals could displace established vendors. The gains helped counter recent market skepticism that AI stocks were overvalued and that AI-related spending might cool. Elsewhere, HP and Best Buy fell, while Treasury yields held steady after unemployment claims fell.