Tech Firm Spikes 11%
Good Morning Wake-Up Watchlisters! While you’re sippin coffee you’ll see stock futures were steady on Tuesday. Investors are awaiting key US inflation figures that could spark a debate over when the Federal Reserve will cut interest rates.
Here’s a look at the top-moving stocks this morning.
Taiwan Semiconductor (NYSE: TSM)
Taiwan Semiconductor is up 2.71% in premarket trading after the semiconductor company agreed to make its most advanced products in Arizona from 2028 after receiving a pledge of as much as $11.6 billion in US government subsidies. The effort is part of Joe Biden’s efforts to attract computer chip production in the US.
Microsoft Corporation (Nasdaq: MSFT)
Microsoft Corporation is 0.20% in premarket trading after the computer company announced a $2.9 billion investment to boost AI business in Japan. Under the plan, the company will use advanced semiconductors at two existing facilities in eastern and western Japan, the report said. It will also create a training plan to train 3 million workers over three years.
THOR Industries (NYSE: THO)
THOR Industries is up 3.64% in premarket after announcing a dividend of $0.48 per share, which is payable on April, 23, 2024. The mobile home provider has maintained a consistent dividend payment record since 1987, and has increased its dividend each year since 1988.
Destiny Tech100 (NYSE: DXYZ)
Destiny Tech100 is up 11.81% premarket and has surged nine times its original value within two weeks. The rise has been fueled by strategic investments in visionary companies, including OpenAI and SpaceX. The investments have propelled the fund’s market value to $825 million.