Shares of technology companies rose as a speculative rush into artificial-intelligence continued.
Shares of chipmaker Nvidia -- the foster-child for what its chief executive dubbed the emerging AI industry -- rose by roughly 4% and are more than 90% higher for the year to date. The speculative rally continued to spill over to the realm of cryptocurrencies and bitcoin traded at all-time highs around $68,000.
Chinese videogame concern Bilibili said revenue in the latest quarter rose as higher advertising and livestreaming revenue offset a drop in mobile-game sales.
Shares of dating-app Grindr rose after it posted robust quarterly revenue growth. Shares of Internet infrastructure concern Ciena tumbled after it forecast revenue shy of investors' expectations.
DocuSign shares surged in after-hours trading after the company racked up quarterly results that dusted analysts' revenue and earnings estimates, as well as offering strong revenue guidance.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
03-07-24 1744ET