Today's Pre-Market Movers and Top Ratings | TSM, NVDA, CSX, FTNT and More

$Taiwan Semiconductor (TSM.US)$ shares jumped by 9.2% on U.S. markets after the company announced a net profit of $10.1 billion for the quarter ending September 30, exceeding expectations. The chipmaker also expressed optimism about the next quarter.

Following this announcement, other chip-related stocks also experienced growth. $NVIDIA (NVDA.US)$ saw a 2.9% increase in premarket trading. $Advanced Micro Devices (AMD.US)$ saw its shares rise by 2.4%. Qualcomm, and Micron Technology also enjoyed gains, with their stocks increasing by 2.4%, and 2.1%, respectively.

$Alcoa (AA.US)$ shares rose by 3.16% after reporting third-quarter core earnings that topped forecasts, driven by higher alumina prices. Additionally, Expedia's stock surged after news surfaced that Uber had considered acquiring the travel booking company.

$Netflix (NFLX.US)$ Loop Capital analyst Alan Gould maintains Netflix with buy rating, and adjust the target price from USD750 to USD800. Shares rose by 0.4% in premarket.

$CSX Corp (CSX.US)$ 's shares dropped by 4.4% following its report of third-quarter earnings and revenue that fell short of expectations, impacted by recent hurricanes.

$Fortinet (FTNT.US)$ 's stock declined by 3.0% after Mizuho analysts downgraded the company.

$SolarEdge Technologies (SEDG.US)$ saw its shares drop 4% after a downgrade by Guggenheim analysts, who adjusted their rating of the company to "Sell" from "Neutral".