Taiwan Semiconductor Manufacturing Company (TSM) American depositary receipts (ADRs) are gaining in premarket trading after the chipmaker reported continued strong demand for artificial intelligence (AI) products; Netflix (NFLX) is expected to report another jump in quarterly revenue after the bell today; United Airlines’ (UAL) guidance comes in lower than expected; Nokia (NOK) shares are diving as the telecom equipment maker continues to contend with weak sales; and Novartis (NVS) raises its full-year core operating income guidance on strong drug sales. Nasdaq futures are rising as TSMC’s results are lifting chip shares after the sector sank yesterday. Here’s what investors need to know today.
Taiwan Semiconductor Manufacturing Company (TSM) shares are rising almost 2% in premarket trading after it reported better-than-expected profit and revenue in the second quarter, pointing to continued strong demand for artificial intelligence (AI)technology. The chipmaker’s quarterly net revenue …