Manufacturers of semiconductor chips are leading a surge in artificial intelligence stocks. Nvidia's stock rose nearly 9% after the company reported strong results, including doubling its sales from the previous year. The company's forecasts also reassured investors of continued extraordinary growth.

This boost had a ripple effect, driving up the stock of other chip manufacturers and the overall market. The Nasdaq, which has a strong presence of tech companies, increased by 1.57%, while the S&P 500 advanced by 0.72%. Stocks of other semiconductor companies, such as Intel, also continued to rise.

Further details on the surge in artificial intelligence stocks and the performance of semiconductor chip manufacturers are available from the source, including additional information on the market's reaction to Nvidia's strong results.