Technology shares slipped from recent highs but still managed to outperform other sectors as market leader Nvidia rose to yet another fresh record high.

Box shares rallied after the company reported first-quarter earnings that beat analysts' expectations. The cloud-based content management company said it had quarterly earnings of $17.5 million, or 8 cents a share, on revenue of $264.7 million, while analysts polled by FactSet were looking for earnings of $8.4 million, or 5 cents a share, on revenue of $263.5 million.

Dell Technologies has strong momentum thanks to demand for AI servers, high-end storage gear and personal computers, a Wall Street analyst said. Dell's stock is in record-high territory.


Write to Patrick Sullivan at patrick.sullivan@wsj.com

(END) Dow Jones Newswires

05-29-24 1724ET