Hourly Market Review - Feb 28, 2024 12 AM

Market BriefWednesday, Feb 28, 2024 12:00 pm ET

1min read

Today marks a significant day in the tech earnings season, with key results from hardware and software providers, notably Salesforce and Snowflake. Both companies are optimistic about the potential of artificial intelligence (AI) to boost their businesses. Salesforce, a pioneer in the software-as-a-service sector, offers customer relationship management software. Snowflake, a cloud-based data warehouse provider, helps companies organize information held in cloud computing services like Amazon Web Services and Microsoft Azure. The emergence of AI software is expected to have a more immediate impact on Snowflake, but both companies' comments on AI will likely influence investor reactions to their results.

Movers of the hour:

Vivani Medical is up 299.01% at $4.03.

Bandwidth is up 43.46% at $17.43.

Beyond Meat is up 40.53% at $10.57.

ACM Research is up 35.34% at $29.49.

Applied Therapeutics is up 34.41% at $7.50.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.