US stock market soared during early trade on Thursday. (Image: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The tech-heavy Nasdaq Composite received a boost from AI giant Nvidia Inc.'s robust financial results on Thursday, with S&P 500 and Dow Jones Industrial Average also opening in the green.

Nasdaq opened 2.07% or 453 points higher at 23,026, S&P 500 rose 1.59% or 107.42 points to trade at 6,751.39, while Dow Jones was up 1.08% or 498 points higher at 46,636.80. Shares of Nvidia traded nearly 5% higher at $195 as of 10 a.m. EST.

Other chipmakers like Intel, AMD, and Micron Technologies opened 4.23%, 4.12% and 0.71% higher, respectively. Intel and AMD later pared gains to trade 2.76% higher at $36, and 2.80% higher at $229.5 apiece, respectively, while Mic

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