By Caitlin McCabe
Taiwan Semiconductor Manufacturing (TSMC): TSMC reported its first profit rise in a year, underscoring how the AI boom has created a surge in demand for advanced chips. The chip maker's American depositary receipts edged up in premarket trading.
Advanced Micro Devices $(AMD)$, Nvidia $(NVDA)$ and Micron Technology $(MU)$: Other chip stocks rose premarket, putting them on course to reverse some of Wednesday's declines, following TSMCs report.
23andMe $(ME)$: Chief Executive Anne Wojcicki is looking to take her struggling DNA-testing company private, a filing showed late Wednesday. Shares were little changed premarket.
Equifax $(EFX)$: The credit-reporting company's results and outlook for the current quarter both missed analysts' estimates. Equifax stock fell in offhours trading.
Alaska Air $(ALK)$, Blackstone $(BX)$ and Elevance Health (ELV) will report earnings before markets open. Results for Netflix $(NFLX)$ will come after the closing bell.
Hipgnosis Songs Fund (UK:SONG): The London-listed song catalog fund agreed to a $1.40 billion takeover by Apollo-backed music company Concord Chorus. The fund's shares rocked around 30%.
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(END) Dow Jones Newswires
April 18, 2024 05:08 ET (09:08 GMT)
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