AI Stocks Drive Market Gains as TSMC Reports Strong Earnings
Technology stocks led market gains Thursday after TSMC reported stronger-than-expected quarterly profits. The chipmaker’s positive outlook signals continued robust demand for AI-related semiconductors according to analysts.
Market Advances on AI Optimism
U.S. stock indexes edged higher Thursday as positive signals from the artificial intelligence sector boosted technology shares, according to market reports. The S&P 500 rose 0.4%, though trading remained volatile with repeated swings between gains and losses throughout the week. The Dow Jones Industrial Average climbed 85 points, or 0.2%, while the Nasdaq composite advanced 0.7% by late morning trading, sources indicate.