U.S. Tech Futures Edge Higher After TSMC Earnings Jump -- Market Talk

Dow Jones

04-17

0834 GMT - Futures linked to the tech-heavy Nasdaq-100 are on the rise early Thursday after Taiwan Semiconductor Manufacturing Co. posted a jump in net profit and sales for the first quarter. TSMC's profit climbed 60% to 361.56 billion New Taiwan dollars, while revenue increased 42% from a year earlier. The E-mini Nasdaq 100 futures contract is up 1.2% on Thursday. The Nasdaq Composite index closed nearly 3.1% lower Wednesday after news of U.S. curbs on Nvidia's exports rattled investors in chip stocks. Nvidia stock closed 6.9% lower at $104.49 Wednesday. Shares are up 1% Thursday premarket, touching a high of $105.95. (mauro.orru@wsj.com)

(END) Dow Jones Newswires

April 17, 2025 04:34 ET (08:34 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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TSMC's profit climbed 60% to 361.56 billion New Taiwan dollars, while revenue increased 42% from a year earlier. The E-mini Nasdaq 100 futures contract is up 1.2% on Thursday. The Nasdaq Composite index closed nearly 3.1% lower Wednesday after news of U.S. curbs on Nvidia's exports rattled investors in chip stocks. Nvidia stock closed 6.9% lower at $104.49 Wednesday. Shares are up 1% Thursday premarket, touching a high of $105.95. (mauro.orru@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 17, 2025 04:34 ET (08:34 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}