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Rich Asplund

Stocks Boosted by Chip Demand Optimism

SP Nasdaq Donald Trump United States US Federal Reserve Jeff Schmid Philadelphia Fed Raphael Bostic Atlanta Fed Boston Scientific

The S&P 500 Index ($SPX) (SPY) on Thursday closed up +0.26%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.60%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.32%. March E-mini S&P futures (ESH26) rose +0.24%, and March E-mini Nasdaq futures (NQH26) rose +0.32%.

Stock indexes settled higher on Thursday, led by a rally in chip makers after Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest dedicated contract chipmaker, revived confidence in the sustainability of artificial-intelligence demand. TSMC forecasted stronger-than-expected Q1 sales and boosted its 2026 capital expenditure forecast to $52 billion-$56 billion from $40.9 billion in 2025.

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