Hot News 🔥: Weekly Round Up On Movers And Shakers

$NVIDIA Corp(NVDA)$  $Phunware, Inc.(PHUN)$  

US stock futures were mostly higher Thursday after the Dow Jones Industrial Average closed at a record Wednesday after Wall Street rebounded from a tech-driven slide.

These stocks were poised to make moves Thursday:

TSMC, Nvidia - U.S.-listed shares of TSMC were rising 7.6% in premarket trading after the Taiwanese chip maker reported third-quarter earnings that surged 54% from a year earlier to a record 325.26 billion New Taiwan dollars ($10.1 billion), driven by demand related to artificial intelligence. Taiwan Semiconductor, which is the main producer of chips designed by Nvidia, said revenue in the period soared 39% to a record NT$759.69 billion. Nvidia was up 2.5% in premarket trading following the release of Taiwan Semi's earnings.

Expedia, Uber - Expedia jumped 7% after a report from the Financial Times said Uber Technologies has explored a possible bid for the online travel company. The report said Uber approached advisers in recent months about a possible bid for Expedia. The FT, citing three people familiar with the process, said Uber's interest was at a very early stage and it was possible that a deal would not take place. Uber shares fell 2.6%.

Lucid - Lucid Group tumbled 14.6% after the electric-vehicle maker said in a filing it estimates its third-quarter loss from operations will range between $765 million and $790 million in the third quarter, wider than analysts' estimates for a loss of $752 million. The company said it expects revenue of between $199 million and $200 million, compared with consensus of $196 million. Lucid also announced a public offering of more than 262 million shares.

Phunware, Trump Media & Technology - Trump-related stocks jumped again in premarket trading. Phunware rose 14%, while Trump Media & Technology rose 3%. Donald Trump is leading Kamala Harris by 7 percentage points in Georgia, a key state that will help determine who will win the White House, according to a Quinnipiac poll released Wednesday.

Alcoa - Alcoa swung to a third-quarter profit of 38 cents a share, swinging from a year-earlier loss of 94 cents, and said it reached a proposed agreement to secure the viability of its alumina and aluminum plant in San Ciprian, Spain. Shares rose 5.2%.

Gevo - Gevo shares soared 35.6% in premarket trading after saying it received a conditional commitment for a $1.46B loan guarantee from the U.S. Department of Energy Loan Programs Office for its Net-Zero 1 project in South Dakota.

CSX Corp - CSX, the railroad company, reported third-quarter earnings that rose from a year earlier but profit on a per-share basis of 46 cents a share that missed Wall Street estimates of 48 cents. The company also said its fourth quarter would be "more challenging" amid falling fuel prices, weaker coal demand, and two massive hurricanes in the Southeast. The shares dropped 4.9%.

Kinder Morgan - Third-quarter earnings at Kinder Morgan, the natural gas pipeline company, rose from a year earlier but the stock declined 1.9% as adjusted profit of 25 cents a share missed analysts' forecasts of 27 cents. Revenue fell to $3.7 billion from $3.9 billion and missed expectations of $4.05 billion. The company said it saw declines at its products pipeline segment.

PPG Industries Inc - PPG Industries reported third-quarter adjusted earnings of $2.13 a share, below analysts' estimates of $2.15, as revenue at the paint and coatings company declined to $4.56 billion from $4.64 billion a year earlier and came up short of forecasts. The company said it has faced "increasingly challenged global industrial production, which constrained demand" in the company's industrial coatings segment. The stock fell 1.1%.

Netflix - Netflix was up 0.5% ahead of the streaming giant's third-quarter earnings scheduled for after the closing bell Thursday. Analysts expect Netflix to post earnings of $5.12 a share on revenue of $9.77 billion. Wall Street expects total subscribers at Netflix to have risen to 281.5 million, a jump from last year's 247.2 million.

# TSM Enters $1Trln Club: Does the Foundry Has Potential to Double Again?

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