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Futures: Dow down 0.10%, S&P 500 up 0.28%, Nasdaq up 0.58%

July 18 (Reuters) - A rebound in chip stocks lifted

Nasdaq and S&P 500 futures on Thursday as Taiwan Semiconductor

Manufacturing Co's (TSMC) upbeat forecast and results looked set

to boost the sector following a sharp selloff in the previous

session.

TSMC's U.S.-listed shares jumped 3.6% in premarket

trading after the Taiwanese company, the world's largest

contract chipmaker, posted second-quarter profit above

expectations and forecast strong third-quarter revenue.

Shares of Apple ( AAPL ) and Nvidia ( NVDA ), both TSMC

customers, jumped 0.9% and 3.3%, respectively. Other chipmakers

such as Advanced Micro Devices ( AMD ), Intel ( INTC ) and

Micron Technology ( MU ) rose between 1.9% and 2.5%.

Barring Intel ( INTC ), chip stocks lost more than $500 billion in

market value in Wednesday's session following a report that the

U.S. was mulling tighter curbs on exports of advanced

semiconductor technology to China and comments on Taiwan from

Republican presidential candidate Donald Trump.

The Philadelphia SE Semiconductor index had its worst

day in four years on Wednesday. The pressure on chip stocks also

weighed on megacap shares.

The so-called "Magnificent 7" group of stocks rose in

premarket trading on Thursday. Meta Platforms ( META ), Tesla

and Amazon.com