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Nasdaq Set for Small Bounce After TSMC Profit Beat: Markets Wrap

An employee handles a 300 millimetre silicon wafer in the clean rooms at the Globalfoundries fabrication (fab) plant in Dresden, Germany, on Thursday, Feb. 11, 2021. The EU outlined a goal last year to produce at least one-fifth of the worlds chips and microprocessors by value, without giving details on how this would be achieved. Photographer: Liesa Johannssen-Koppitz/Bloomberg
An employee handles a 300 millimetre silicon wafer in the clean rooms at the Globalfoundries fabrication (fab) plant in Dresden, Germany, on Thursday, Feb. 11, 2021. The EU outlined a goal last year to produce at least one-fifth of the worlds chips and microprocessors by value, without giving details on how this would be achieved. Photographer: Liesa Johannssen-Koppitz/Bloomberg Bloomberg

(Bloomberg) -- US tech stocks were set to claw back a little of this week’s slump as an upbeat earnings update from Taiwan Semiconductor Manufacturing Co. helped restore sentiment toward the sector.


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