Delta Air Lines, Walgreens and TSMC rise premarket; Nvidia, AMD fall By Investing.com

Investing.com – U.S. stocks were lower on Friday and investors were cautious ahead of the release of the highly influential monthly jobs report.

Here are some of the biggest primary market US stock movements today.

• Taiwan Semiconductor Manufacturing (NYSE: ) shares rose 1.2% after the world’s largest contract chipmaker reported better-than-expected fourth-quarter sales, boosted by strong demand from the fast-growing artificial intelligence industry.

• Nvidia: (NASDAQ: ) shares fell 1.6% after a report that new U.S. chip export restrictions could be announced soon.

• Tesla (NASDAQ: ) shares rose 0.3% after the electric car giant unveiled a facelifted version of its Model Y in China in an effort to fend off fierce competition from domestic rivals.

• Delta Air Lines (NYSE: ) shares rose 6.9% after the airline reported fourth-quarter profit that beat analysts’ estimates, driven by strong travel demand.

• Advanced Micro Devices (NASDAQ: ) shares fell 2% after Goldman Sachs downgraded the tech company from buy to neutral, citing underperformance and cyclical challenges.

• Travelers (NYSE: ) shares fell 4.1% as wildfires ravaged Los Angeles and the insurance sector could face billions of dollars in losses from the disaster, which analysts estimate will be the costliest in California.

• Walgreens Boots Alliance ( NASDAQ: ) shares rose 11% after the drugstore retailer reported first-quarter profit and revenue that beat analysts’ expectations and provided an upbeat full-year outlook.

• Energy of the constellation (NASDAQ:) shares rose 12% after the company said it would buy privately held Calpine Corp, a geothermal and natgas energy company, in a cash and stock deal valued at $26.6 billion. including debt.

• Pfizer: (NYSE: ) shares rose 0.5% after the drugmaker said its experimental treatment for a type of bladder cancer significantly improved the length of time patients stayed free of certain complications, including cancer recurrence, according to a late-stage study to the data.

• Nike: ( NYSE 🙂 shares rose 1% after Piper Sandler upgraded its stance on the shoe retailer to “buy” from “neutral,” saying a recovery is on the way.

• Wayfair (NYSE: ) shares rose 4.9% after the online furniture retailer announced plans to cut 730 jobs as it plans to focus on brick-and-mortar stores.