Shares of technology companies rose amid continued excitement about the prospects of artificial-intelligence software.
Dell Technologies shares surged after the computer-services and personal-computer giant, which recently unveiled an AI initiative, posted fiscal first-quarter profit ahead of Wall Street targets.
Shares of C3.ai tumbled after the maker of AI software posted a quarterly loss, prompting Wall Street analysts to criticize the company's failure to capitalize on the AI craze.
Among other AI specialists, chipmaker Nvidia rebounded, testing the $1 trillion market-capitalization milestone.
Tesla Chief Executive Elon Musk was given a hero's welcome in China after emphasizing how critical the nation is to the future of the electric-vehicle manufacturing company.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-01-23 1744ET
