Today's Morning Movers and Top Ratings: TSM, TSLA, MMM, SPOT and More

$Taiwan Semiconductor (TSM.US)$ 's shares grew by 2.53% as the company reported a substantial 32% surge in second-quarter revenue compared to the previous year.

$Microsoft (MSFT.US)$ stock witnessed a 0.4% uplift after the tech giant indicated a willingness to forfeit its observation seat on the board of OpenAI, amidst increasing regulatory examination of generative artificial intelligence in the U.S. and Europe.

$Tesla (TSLA.US)$ 's shares saw a 0.35% rise following an upgrade in estimates and a higher price target set by Goldman Sachs, acknowledging the company's impressive second-quarter deliveries.

$Goodyear Tire & Rubber (GT.US)$ enjoyed a 1.9% increase in its stock value due to reports that Yokohama Rubber is considering the acquisition of its off-road tire segment for at least $1 billion.

$SMART Global (SGH.US)$ ' shares soared 7.45% post the announcement of a profitable third quarter, thanks to a reduction in operating expenses that helped balance a notable revenue decline.

$3M (MMM.US)$ 's stock declined by 0.89% with the news of CFO Monish Patolawala's impending departure at the end of the month to seize another opportunity.

$Honeywell (HON.US)$ 's shares also dropped by 0.2% after the Wall Street Journal disclosed the company's intent to acquire the liquefied natural-gas technology and equipment division from Air Products for $1.8 billion. $Air Products & Chemicals (APD.US)$ ' shares rose by 3.26%.

$Spotify Technology (SPOT.US)$ 's stock dropped over 1% following an analyst downgrade to neutral amid concerns that the company's revenue projections are overly optimistic.