The technology sector saw a significant lift in after-hours trading following a blockbuster earnings report from semiconductor giant Nvidia (NVDA). The company reported quarterly revenue of $96.2 billion and earnings of $2.22 per share, up 106% and 111% year-over-year, respectively, handily beating analyst expectations. Given Nvidia's position as a bellwether for the artificial intelligence industry and its large weighting in the tech sector, the exceptionally strong results fueled investor optimism about continued growth in AI-related spending, broadly boosting technology stocks.