Marvell Technology's stock is surging 5.91% in pre-market trading on Thursday, as the semiconductor sector experiences a broad rally following Nvidia's better-than-expected quarterly sales results.

The positive sentiment in the chip industry has been triggered by Nvidia beating its quarterly sales estimates, prompting investors to buy into other semiconductor stocks. This surge is not isolated to Marvell Technology, as other major players in the sector are also seeing significant gains. Intel is up 1.7%, Micron Technology has risen 3.6%, while Advanced Micro Devices and Broadcom are showing even stronger performances with increases of 3.3% and 3.4% respectively.

The widespread uptick in semiconductor stocks suggests that investors are optimistic about the sector's outlook, potentially driven by expectations of continued strong demand for chips in various applications including AI, data centers, and other high-tech industries. As Marvell Technology operates in similar markets to these companies, it appears to be benefiting from this sector-wide boost in investor confidence.