Taiwan Semiconductor Manufacturing Company (TSMC) reported better-than-expected profit and revenue for Q4 2023.

The strong performance was attributed to the ramp-up of its 3-nanometer technology and increased demand for AI chips.

TSMC's shares increased by 8%, positively impacting other tech stocks.

TSMC predicts strong revenue growth in 2024, driven by the rise of AI computing.

Despite concerns about interest rate cuts and lower forecasts from Humana, major indices including the S&P 500, Nasdaq, and Dow Jones Industrial Average all saw gains.