TSMC jumps as revenues soared 37% in January

TSMC is up 2.6% in premarket trading, as of 6:15 a.m. ET Tuesday, after the Taiwanese chipmaker reported that January revenues jumped 37% to NT$401.3 billion ($12.7 billion).

That leap is a fair way above the company’s full-year growth outlook of 30%.

Much of the rise was fueled by booming demand for advanced AI chips made for customers including Nvidia and Apple. In January, TSMC revealed plans to spend $52 billion - $56 billion in capital expenditures across 2026, up sharply from $40.9 billion in 2025.

The January figure builds on the world’s biggest chip manufacturer’s rip-roaring Q4, where revenue, earnings, and sales and margins guidance all beat estimates.

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Luke Kawa37m

Credo soars after preliminary Q3 revenues beat estimates and management projects annual sales growth of 200%

Credo Technology Group is earning itself some new believers.

The seller of active electrical cables (AECs) and other electrical connectivity solutions for data centers announced stellar Q3 preliminary sales results after the close on Monday, with guidance that calls for rapid growth to continue.

Shares are up about 15% as of 8 a.m. ET.

Management said that Q3 revenues would range between $404 million and $408 million, above the upper end of its guidance and the $341 million forecast from Wall Street. Going forward, the company projects that revenues will grow in the mid-single digits quarter on quarter, propelling revenue growth up more than 200% year-on-year through its current fiscal year.

“We reaffirm CRDO as our Top Pick for 2026 and view this announcement positively given management's continued execution with its AEC product offering and our underlying belief in the longevity of AECs,” writes Needham analyst Quinn Bolton, who has a $220 price target on the shares. “At the Needham Growth Conference, management stated that they believe the industry is still in the early innings of the AEC adoption curve, pointing to only one customer that has fully deployed AECs across potential use cases (front-end networks, scale-out networks and switch racks) and stated that visibility continues to be strong over the next twelve months and beyond.”

Bolton boosted his sales outlook for Credo’s next fiscal year and the one after that following this news.

Max Knoblauch2h

Spotify soars as Q4 monthly average user growth and gross margins set records

Music streamer — and soon to be physical bookseller — Spotify reported impressive Q4 results on Tuesday that are sending shares up 15% in premarket trading.

Spotify said it added more than 38 million monthly active users, a quarterly record which brought its total to 751 million. Wall Street analysts polled by FactSet expected 744.7 million. The number of premium, paying subscribers grew 10% to 290 million, slightly bettering estimates of 289.4 million. Revenue for the quarter rose 7% to €4.53 billion (~$5.4 billion), which fell broadly in line with estimates, while its 33.1% gross margin figure was also a new company record.

Looking ahead to the current quarter, Spotify forecast an addition of 8 million net monthly active users to 759 million total (vs. the 752.7 million expected). The streamer guided for 293 million premium subscribers in Q1, compared to the 293.5 million consensus.

The company, which raised its US subscription prices this month, expects to book €4.5 billion, or $5.36 billion, in Q1 revenues. Wall Street expected €4.58 billion, or $5.41 billion.

J. Edward Moreno2h

Oscar rises after upbeat guidance offsets underwhelming Q4 results

Oscar Health rose in premarket trading after reporting impressive full-year guidance which more than offset Q4 results that failed to live up to analysts’ expectations.

For the last three months of 2025, Oscar reported:

A loss per share of $1.24, compared to the $0.89 loss per share analysts polled by FactSet were expecting.
Revenue of $2.8 billion, lower than the $3.1 billion the Street was penciling in.
A medical cost ratio of 95.4%, higher than the 91.1% analysts expected.

For the full year in 2026, Oscar expects:

Revenues between $18.7 billion and $19 billion, compared to the $12.4 billion analysts had penciled in.
Its medical cost ratio to sit between 82.4% and 83.4%, while analysts had expected 85.5%.

Health insurers have been under pressure for the past year amid rising health costs. Oscar, a provider of ACA Marketplace plans, has taken a hit as tax credits for the program lapsed in January.

Tasha Matsumoto

17h

Stocks trade higher as tech rebound continues

Tech was the best-performing sector for the second consecutive session.

Chicago Bulls Mascot Benny the Bull dunks the ball during the halftime show of the Missouri Valley Conference college basketball game between the Loyola-Chicago Ramblers and the Illinois State Redbirds on February 2, 2019.

Matt Phillips20h

Sandisk and Micron slip as Samsung rushes new product into production

Sandisk and Micron, which have boomed along with prices for the memory chips needed for the AI data center build-out, are limping behind the broader market Monday after a weekend report that South Korean chip giant Samsung is beginning “mass production” of its latest memory product, HBM4, slightly earlier than expected.

US memory chip maker Micron also makes HBM (high-bandwidth memory), which is essentially a large memory product designed for AI applications.

Sandisk doesn’t make HBM. But it is developing a kind of high-bandwidth flash NAND memory product that is intended to function as an HBM option for AI data centers.

More broadly, signs that Asian production giants are responding to high prices by ramping up supply means that the nosebleed pricing of memory chips that quintupled Sandisk’s profit over the last year might not last forever.

Samsung to begin mass production of HBM4 chips later this month: sources | Yonhap News Agency

Samsung moves first on HBM4 in bid to regain AI memory edge

US memory chip maker Micron also makes HBM (high-bandwidth memory), which is essentially a large memory product designed for AI applications.

Sandisk doesn’t make HBM. But it is developing a kind of high-bandwidth flash NAND memory product that is intended to function as an HBM option for AI data centers.

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