TSMC, chipmakers rise premarket; Fortinet, SolarEdge slip By

-- US stock index futures pointed higher on FXCM International Foreign ExchangeThursday after Taiwan Semiconductor Manufacturing Co. -- the world’s biggest contract chipmaker -- posted a stronger-than-expected third-quarter profit on Thursday that was driven by sustained demand from the artificial intelligence industry.

By 08:01 ET (12:01 GMT), the contract had gained 23 points or 0.4% and had added 160 points or 0.8%, and had inched up by 33 points or 0.1%.

Here are some of the biggest premarket US stock movers today:

• US-listed shares in Taiwan Semiconductor Manufacturing Co. (NYSE:)jumped after the chipmaker clocked a net profit of T$325.26 billion ($10.1 billion) in the three months to September 30. The figure was higher than a Reuters estimate of T$300.2 billion. TSMC also provided an upbeat outlook for the current quarter, partly citing improved capacity utilization. 
• Chip stocks rose after TSMC's blowout earnings report. Shares in TSMC-customer Nvidia (NASDAQ:)climbed 3.1% in premarket trading, while Advanced Micro Devices (NASDAQ:)and Broadcom (NASDAQ:)added 2.7% and 2.8%, respectively. Intel (NASDAQ:)shares also advanced by 1.2%, Qualcomm (NASDAQ:)increased by 2.3%, and Micron Technology (NASDAQ:)gained 2.2%.
• (NYSE:)shares rose after the aluminum producer unveiled better-than-anticipated adjusted core earnings for the third quarter that were boosted by a jump in alumina prices.
• (NASDAQ:) shares spiked following a report in the Financial Times that ride-hailing giant Uber (NYSE:) had explored a possible offer for the digital travel booking firm.
• Freight-transportation group CSX Corporation's (NASDAQ:)shares slumped on weaker-than-expected third-quarter earnings per share and revenue, with analysts citing the impact of recent hurricane activity.
• (NASDAQ:)shares slipped after analysts at Mizuho downgraded their rating of the security software business.
• Shares in SolarEdge Technologies (NASDAQ:)dipped after analysts at Guggenheim lowered their rating of the solar company to "Sell" from "Neutral".
• Topgolf Callaway Brands (NYSE:)dropped after B. Riley analysts slashed their rating of the golf company due to weakness at its eponymous chain of driving ranges.

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