FX.co ★ US Futures Higher, Tech Lead

On Thursday, U.S. stock futures experienced an uptick, with S&P 500 futures increasing by 0.3%, Nasdaq 100 futures climbing 0.8%, and Dow Jones futures advancing by roughly 20 points. This rise came as markets tried to recover from the declines seen over the past two sessions. Leading the premarket surge were chipmakers and AI-related stocks following a stellar 35% rise in fourth-quarter profits by Taiwan Semiconductor Manufacturing Company, coupled with its promising revenue growth projections, which bolstered confidence in the long-term AI outlook. Nvidia's shares increased by 0.9%, Micron Technology's value went up by 3%, Applied Materials soared almost 8%, and Lam Research saw a 7.7% rise. Simultaneously, the spotlight remained on bank earnings. Although Goldman Sachs beat earnings projections, it missed revenue expectations, leading to a 0.9% gain in its shares. Additionally, Morgan Stanley saw a rise of 1.2%, and BlackRock's shares jumped nearly 2% after it exceeded both earnings and revenue forecasts. On the geopolitical front, tensions eased, albeit temporarily, after President Trump indicated a potential pause in any military action against Iran.