Shares of technology companies rallied amid promising signs from the artificial-intelligence niche.

Salesforce.com shares rallied after the maker of business software posted quarterly revenue ahead of Wall Street targets. "The big takeaway from this report was the guidance higher on enthusiasm over the company's Artificial Intelligence (AI) chatbot Agentforce," said JJ Kinahan, chief executive of IG North America and president of its brokerage tastytrade. Similarly, Marvell Technologies shares rallied after the chip maker cited AI demand for its quarterly growth.

The crypto industry is cheering President-elect Donald Trump's decision to pick conservative lawyer Paul Atkins to run the Securities and Exchange Commission.

Data-storage provider Pure Storage soared after each reported results that were ahead of Wall Street's expectations.

OpenAI, the artificial intelligence company behind ChatGPT, agreed to work with Anduril Industries, a leading defense-tech startup, to add its technology to systems.


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

(END) Dow Jones Newswires

12-04-24 1844ET