The USA500 is currently trading above 5,000 levels.
Thursday morning was poised to see US stocks opening higher, partially fueled by chipmaker TSMC's robust earnings report.
S&P 500 futures showed a 0.23% gain, although the index remained at a low point amid a four-day downturn. Dow Jones Industrial Average futures rose by 0.14%, while Nasdaq 100 futures surged by 0.37%.
On Wednesday, the tech sector experienced a decline of over 1%, with major players like Nvidia, Meta, Apple, and Microsoft all registering losses.
However, the release of TSMC's impressive earnings results overnight helped reverse this trend in pre-market trading.
TSMC's reported 9% increase in net income surpassed expectations, potentially bolstering market optimism regarding the sustainability of AI demand.