(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 and Nvidia, both TSMC customers, jumped 0.9% and 3.3%, respectively. Other chipmakers such as Advanced Micro Devices, Intel and Micron Technology rose between 1.9% and 2.5%.

Barring Intel, 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, Tesla and Amazon.com