NEW YORK - The premarket performance of Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), better known as TSM, has given a significant boost to U.S. stock futures on Thursday. The company's earnings surpassed expectations, and its positive revenue outlook for 2024, bolstered by rising demand for AI chips, has uplifted Dow Jones, S&P 500, and Nasdaq futures.
In response to TSM's announcement, shares of major tech companies such as Apple (NASDAQ:AAPL), Nvidia (NASDAQ:NVDA), Qualcomm (NASDAQ:QCOM), Applied Materials (NASDAQ:AMAT), and Lam Research (NASDAQ:LRCX) are potentially set for movement in the market today.
Meanwhile, Tesla (NASDAQ:TSLA) has made headlines with notable price reductions for its vehicles in Europe. Investors are keenly awaiting the company's earnings report, which is scheduled for release on January 24, to gauge the impact of these price adjustments on Tesla's financial performance.
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