The Latest AI Boost. Tech stocks are suddenly back in favor. After a period of weakness, the Magnificent 7 stocks and the rest of the technology complex have rallied of late. Today's surge followed a well-received earnings report from Salesforce.
The software firm continues to get traction from its AI offerings, capping a wave of AI-fueled software results in recent months. Salesforce soared 11% on the day, making it the best performer in the S&P 500.