Check out the companies making the biggest moves in premarket trading: Taiwan Semiconductor Manufacturing — The chipmaker soared 6.6% after it posted another record quarter . The company saw a 35% increase in fourth-quarter profit, beating estimates amid demand for its artificial intelligence chips. ASML Holding —- Shares of the chip-equipment manufacturer jumped 6% after customer Taiwan Semiconductor Manufacturing announced larger-than-expected capital spending plans. Spotify — Shares rose more than 1% after the audio streaming giant said it would raise its subscription price in the U.S. to $12.99 per month from $11.99. BlackRock — The world’s largest asset manager reported earnings and revenue that topped expectations, sending the stock 1.7% higher. Adjusted earnings came in at $13.16 per share, versus the $12.21 a share expected from analysts polled by LSEG. Revenue was $7.01 billion, compared to the $6.69 billion consensus estimate. Morgan Stanley — Shares were up less than 1% after the bank reported fourth-quarter earnings of $2.68 per share, beating the $2.44 analysts polled by LSEG had expected. Morgan Stanley’s $17.89 billion revenue also exceeded the expected $17.77 billion. Goldman Sachs — The bank rose slipped 1.4% after reporting its fourth-quarter results . Goldman Sachs posted earnings of $14.01 per share on revenue of $13.45 billion. These numbers were not comparable with analysts’ estimates of $14.01 per share in earnings and $13.79 billion in revenue. Dell Technologies —The PC and server company gained nearly 2% following an upgrade at Barclays to overweight from equal weight. The firm cited the strength of Dell’s AI server orders, stability of its AI operating markets and expanding opportunities enterprise server and storage for the call. Rocket Lab — The space company shed 2.4% after being downgraded to sector weight from overweight at KeyBanc, which said the stock’s growth catalysts have become realized. Nokia — The telecom equipment maker was upgraded to overweight by Morgan Stanley, which cited AI-driven network demand. Shares popped 4.4%. Memory chip stocks — Taiwan Semiconductor’s earnings beat fueled a rally in memory chip stocks. Sandisk jumped nearly 5%, Western Digital gained 3.5%, while Micron Technology and Seagate Technology both rose nearly 3%. DraftKings — The sports gambling platform climbed 1.4% on the back of an upgrade at Wells Fargo to overweight from equal weight. The bank expects a strong fourth-quarter earnings report and believes DraftKings could see its margins grow due to its foray into production markets. — CNBC’s Fred Imbert and Lisa Han contributed reporting.
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