ToplineRenewed optimism for battered semiconductor chip stocks, coupled with a friendlier Federal Reserve giving its biggest indication yet lower interest rates are on the horizon, sent stocks surging Wednesday.Chip, chip, hooray! The iShares Semiconductor exchange-traded fund (SOXX) rose more than 5%, its ... [+] steepest gain since May 2023.Getty Images Key FactsThe S&P 500 rose 1.6%, its best day since Feb. 22 and second-best day of the year, and the tech-concentrated Nasdaq jumped 2.6%, also tallying it ...