Good news just keeps on pouring in from the tech industry, and it's doing wonders for semiconductor stocks today.

Nvidia shares shot up 24.4% after the company gave strong guidance based on demand for semiconductor chips for artificial intelligence (AI) functions Wednesday evening. Marvell Technology is soaring 27% (as of 10:45 a.m. ET) on its earnings report. And the good news doesn't end there.

This morning, shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) and Texas Instruments (NASDAQ: TXN) are up 3.2% apiece, while (NASDAQ: QCOM) is gaining 3.9% -- and none of those semiconductor companies even reported earnings!

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Source Fool.com