Shares of technology companies ticked up after mixed reports from the front lines of the artificial-intelligence boom.

Salesforce rallied after the maker of business software posted robust growth in sales of agentic products, AI products that act like support teams for salespeople.

Shares of cloud-computing firm Snowflake tumbled after its third-quarter earnings projection failed to live up to lofty AI-related expectations.

UiPath shares surged as the market gained confidence that the automation-software company would be one of the beneficiaries of the AI boom.

Meta Platforms rose after Bloomberg reported the Facebook parent plans to cut up to 30% of its Metaverse budget, retreating from Chief Executive Mark Zuckerberg's ambitious visions of the virtual-reality world as the core of the Silicon Valley giant's future.

Separately, the European Commission opened an antitrust investigation into whether Meta's rules governing AI developers' access to the WhatsApp messaging platform hurt competition.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

12-04-25 1806ET