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Never a dull moment. Certainly not when looking at the tech sector.
From initial reaction to a rather solid second-quarter earnings report from Salesforce.com (CRM) , to the unveiling of the latest Apple (AAPL) iPhone competitor, and even a glimmer of hope for one of the most beaten up stocks, Wednesday was one more wild day.
Here are the biggest takeaways.
1. Salesforce's Quarter
But one leader of the space, Salesforce.com, continues to put up strong results as it did yesterday when it reported its second quarter of fiscal 2018.
The cloud computing giant not only beat on consensus for earnings and revenue but also hiked its forecast for the third quarter and full year. Still, investors weren't satisfied as the stock sunk nearly 3% after the company's report.
Shares have since pared most of their losses and were up about 0.6% to $93.49 on Wednesday aftrenoon. The drop was seen as the result of investors taking profits, or being slightly disappointed with the projected billings growth for the third quarter.
Regardless, a number of Wall Street analysts applauded the Salesforce quarter.
2. Samsung's Galaxy Note8
Smartphone maker Samsung Electronics (SSNLF) on Wednesday unveiled its all new Galaxy Note8, its latest mobile device.
The device, which Samsung dubs "The Next Level Note," boasts some impressive features like a larger Infinity Display suited to sit in one's hand more comfortably, a stylus called the S pen for more personalized communication and Samsung's "best-ever" smartphone camera.
Samsung fans can also go bragging to their Apple counterparts because unlike recent models of the iPhone, the Galaxy Note8 does include a headphone jack.
The Note 8 officially launches September 15, but pre-orders begin on August 24.
TheStreet was at Samsung's unveiling event in NYC.
3. Snapchat's Push into Original Content
Shares of the hampered camera/social media company Snap Inc. (SNAP) rose over 3% on Wednesday in large part on a bullish call by investment firm Cantor Fitzgerald.
One of the firm's reasons in maintaining its "Overweight" rating on the parent of Snapchat, was its video content offerings.
Variety today reported that Snapchat's head of content Nick Bell said the company would likely move into more scripted content via Snapchat Shows by the end of the year. His goal is to transform mobile phone devices into "the remote control for your TV consumption" and sees mobile as "fundamentally a new medium."
Maybe Bell is onto something here, seeing as how earlier this month the Comcast Corp-owned (CMCSA) NBC News launched the "Stay Tuned" news program on Snapchat Discover and it has already amassed 29 million unique viewers.