Nvidia Earnings Boost Nasdaq as Semiconductor Sector Rallies

The Nasdaq Composite index surged 0.84% on Thursday to reach 26,350.67, driven by Nvidia's blockbuster earnings and the semiconductor sector's strong performance.

Nvidia's revenue more than doubled year-on-year to $96.2 billion in its fiscal second quarter, with adjusted earnings of $2.22 per share exceeding analyst projections.

The company's data centre segment saw particularly robust growth, with revenue reaching $89 billion, a 117% year-on-year increase.