Wall Street surged on Thursday morning as the tech-heavy Nasdaq composite jumped more than one percent, driven by a blistering rally in the semiconductor sector.

The sharp upward momentum followed Nvidia’s blockbuster earnings report, which comfortably exceeded Wall Street forecasts alongside an exceptionally bullish revenue guidance powered by insatiable artificial intelligence demand.

Major technology equities quickly followed suit, lifting broader indices and reaffirming investor confidence in the enduring strength of the ongoing tech boom.