Stocks making the biggest moves premarket: Taiwan Semiconductor, Insulet, Paramount Global and more

The stock of Taiwan Semiconductor, a leading chipmaker, saw a 1% increase prior to the market opening following a reported solid revenue for July, indicating a nearly 45% surge year on year, based on a StreetAccount report.

Shares of The Trade Desk, the ad-buying firm, experienced a nearly 4% gain post their beating of the analyst second-quarter predictions and an upward revision of their third-quarter forecast, the expected revenue now being no less than $618 million.

Following a second-quarter beat with regards to the top and bottom lines, the stock of Expedia, the online booking company, rose about 8%. Even though the company warned about macroeconomic factors affecting travel demand in July, it disclosed an adjusted profitability of $3.51 per share on revenue of $3.56 billion.

Take-Two Interactive experienced a nearly 7% rise in shares as it predicts strong growth in the future. Despite revenue falling below estimates, net bookings increased to $1.22 billion with anticipated second-quarter bookings ranging from $1.42 billion to $1.47 billion.

Shares of Akamai Technologies, the cloud-based company, saw a 5% surge after an upward revision of its full-year forecast and better-than-anticipated second-quarter results. For the entire year, Akamai expects earnings excluding items to be between $6.34 to $6.47 per share.

Despite a second-quarter revenue beat, the stock of Insulet, the insulin delivery equipment company, fell by 6%.

Shares of cosmetics company E.l.f. Beauty dropped nearly 9% in premarket trading in spite of better-than-expected fiscal first-quarter results. The company raised its full-year forecast, but the guidance indicated slowing growth.

Dropbox shares rose 3% following better-than-expected second-quarter results.

Shares of Paramount Global gained nearly 5% after beating earnings estimates by 42 cents a share and announcing plans to cut 15% of its workforce pre its merger with Skydance Media. However, its revenue fell short of estimates.

The stock of Doximity, the digital health company, surged 30% following first-quarter earnings that exceeded Wall Street projections.

After Capri reported weak fiscal first-quarter results, shares fell by 4%.

Shares of salad chain Sweetgreen saw a near 24% jump after exceeding the expected revenue post-market on Thursday and providing full-year revenue guidance.