Chipmaker drops after sell off

Global chip stocks take a hit due to overheated rally concerns. [Trade of the Day Wake-Up Watchlist] Attention Traders: Our Lead Technical Tactician Nate Bear has an exciting announcement. Nate is opening the doors to his [Daily Profits Live chat next week for FREE]( for a whole week. That’s 5 days to trade alongside Nate at no cost to you. [Click here to get on the guest list today.]( Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were up on Thursday. It was the first gains in five days as Taiwan Semiconductor reported its first profit rise in a year (more on that below). Companies reporting next include Netflix, Blackstone and L’Oreal. Investors will also consider fresh US jobless data. Earnings season is often a catalyst for stocks going up or down. But the truth is… earnings season is just the start for potential gains. Our Lead Technical Tactician Nate Bear follows what he calls the [“post-earnings surge.”]( It’s a chart pattern that allows him to trade one ticker over and over again for maximum potential gains. [Click here to get Nate’s next One Ticker Payout pick.]( Here’s a look at the top-moving stocks this morning. Taiwan Semiconductor Company (NYSE: TSM) Taiwan Semiconductor is down 2.56% in premarket despite posting strong earnings and guidance. The Philadelphia Semiconductor Index and Nvidia dropped more than 3% each Wednesday due to concerns the rallies are too hot. However, TSMC expects Q2 sales to jump on “insatiable” AI demand. Equifax Inc. (NYSE: EFX) Equifax is down 9.12% premarket after missing earnings expectations. The consumer credit provider expects revenue of $1.41 billion to $1.43 billion, missing expectations of $1.44 billion. It also said it expects a 11% decline in mortgage credit inquiries and also said its feeling the effects of weaker mortgage demand. [FREE Daily Profits Live Open House]( [Nate - Open House]( Members of millionaire trader Nate Bear's Daily Profits Live chatroom have had 49 opportunities to DOUBLE their money over the past year... Including top gains of 147% on C3.ai in five days, 250% on Carvana in two days and 500% on RILY within just 2 hours... Now it's YOUR CHANCE to hunt MASSIVE gains like these with a professional trader for an ENTIRE WEEK... 100% FREE! [Click here to join FREE >>]( Alcoa Corporation (NYSE: AA) Alcoa Corporation is up 2.25% in premarket trading after the aluminum producer posted strong first-quarter earnings. President Biden also called for higher tariffs on Chinese metal imports, which provided a boost for the company as aluminum prices go back up due to strong demand. Aluminum process currently hover around $2,200 per metric ton in the first quarter of 2024, which is up from last summer’s lows of about $2,100. eBay (NYSE: eBay) eBay is up 3.5% in premarket after Morgan Stanley analysts raised their rating to overweight from underweight. They also increased their target price to $62 from $35. Those are the biggest stock movers for today. Happy trading! The Wake-Up Watchlist Research Team [The AI Singularity Clock Is Ticking]( We've seen the dot-com crash... the housing bubble... and the COVID crash... but we've never seen anything like what's coming for artificial intelligence in as little as three months. It's called "the Singularity," and it refers to the exact millisecond when AI breaks free from its shackles to grow BILLIONS of times more powerful than humans. 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