Check out the companies making the biggest moves in pre-market trading: Taiwan Semiconductor Manufacturing Co. — The chipmaker soared 6.6% after setting a new record in the quarter. The company’s fourth-quarter profit rose 35%, beating expectations on the back of demand for artificial intelligence chips. ASML Holding — Shares of the chip equipment maker rose 6% after customer Taiwan Semiconductor Manufacturing Co. announced better-than-expected capital spending plans. Spotify — Shares rose more than 1% after the audio streaming giant announced it would raise subscription prices in the U.S. from $11.99 to $12.99 per month. BlackRock — The world’s largest asset manager reported better-than-expected earnings and earnings, sending its stock up 1.7%. Adjusted earnings were $13.16 per share, compared with analyst estimates compiled by LSEG of $12.21 per share. Revenue came in at $7.01 billion, compared to the consensus estimate of $6.69 billion. Morgan Stanley — Shares rose less than 1% after Morgan Stanley reported fourth-quarter earnings of $2.68 per share, beating the $2.44 expected by analysts surveyed by LSEG. Morgan Stanley’s revenue also came in at $17.89 billion, beating expectations of $17.77 billion. Goldman Sachs — The bank’s gain fell 1.4% after reporting fourth-quarter results. Goldman Sachs reported earnings of $14.01 per share on revenue of $13.45 billion. These numbers didn’t compare to analysts’ expectations for earnings of $14.01 per share and revenue of $13.79 billion. Dell Technologies —The PC and server company rose nearly 2% after Barclays upgraded it from equal weight to overweight. The company cited strong Dell AI server orders, stability in the AI operations market, and growing enterprise server and storage opportunities in the call. Rocket Lab — The space company fell 2.4% after being downgraded from Overweight to Sector Weight on KeyBanc, which cited growth acceleration in its stock. Nokia – This telecom equipment maker was upgraded to Overweight by Morgan Stanley due to AI-driven networking demand. The stock price soared 4.4%. Memory chip stocks — Taiwan Semiconductor’s financial results spurred a rise in memory chip stocks. SanDisk rose nearly 5%, Western Digital rose 3.5%, and Micron Technology and Seagate Technology both rose nearly 3%. DraftKings — The sports betting platform rose 1.4% after Wells Fargo was upgraded from equal weight to overweight. The bank expects a strong fourth-quarter earnings report and believes DraftKings could expand its margins as it moves into the production market. —CNBC’s Fred Imbert and Lisa Han contributed reporting.
