Stock market today: Nasdaq futures jump as TSMC outlook eases AI worries

Published On Oct 17, 2024, 6:54 AM

Nasdaq futures have seen a significant increase in response to favorable news regarding Taiwan Semiconductor Manufacturing Company (TSMC). TSMC's improved outlook has lessened concerns around the impact of artificial intelligence on semiconductor demand, suggesting stability in a crucial sector for technology investment. This alleviation of anxiety has contributed to a positive sentiment in the market, particularly benefiting tech-heavy indices such as Nasdaq.