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PREMARKET MOVES: Wolfspeed Rises on $1.5B Defense Loan; Broadcom Slips on AI-Chip Financing; TSMC Revenue Surges

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Several stocks were active in premarket trading, with Haemonetics rising about 8% after CSL forecast the completion of Haemonetics' plasmapheresis platform rollout across the United States by the end of 2027.

Wolfspeed jumped more than 15% following news of a conditional $1.5 billion loan, part of a 30-year financing commitment from the Defense Department to support domestic production. The terms include warrants allowing the Pentagon to acquire up to 7.5% of Wolfspeed under the proposed arrangement.

Broadcom traded roughly 2% lower after The Wall Street Journal reported the company is pursuing more than $50 billion in financing tied to its custom AI chips being developed with OpenAI.

Taiwan Semiconductor Manufacturing reported September revenue growth of 54.6% year over year, lifting third-quarter revenue to $16.03 billion and above expectations, though shares were down about 1% in early trading.

Lululemon fell around 1% after naming Maggie Gauger, a former Nike executive and Athleta CEO, as chief product officer and Joseph Godsey as chief operating officer, as CEO Heidi O'Neill aims to revive growth and reset the North American business.

Levi Strauss dropped nearly 3% after posting third-quarter revenue of $1.61 billion, slightly missing expectations as direct-to-consumer sales weakened in the U.S. and Europe, though adjusted earnings beat estimates and tariff refunds boosted profitability.

Applied Digital rose 1% after reporting fiscal first-quarter revenue of nearly $342 million, up 322% year over year, driven by a sharp ramp in its AI data-center business.

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