Stocks to Watch Thursday: TSMC, Nvidia, AMD -- WSJ

Dow Jones04-18

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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