Spotify Technology (SPOT) was rising 5.8% after fourth-quarter revenue rose from a year earlier. The company reported 489 million monthly active users in the fourth quarter, up 20% from a year earlier, and 205 million premium subscribers. General Motors (GM) gained 4.2% after the auto maker topped fourth-quarter earnings forecasts and issued an upbeat outlook.

Wall Street firms are expecting rising sales and earnings from the semiconductor company this year, and they expect the stock price to follow suit. AMD’s shares are likely to jump 19%, based on brokers’ average price target, more than its biggest US peers such as Intel Corp. and Nvidia Corp. The positive sentiment reflects AMD's ongoing progress in gaining market share from Intel in the server processor space, as well as potential gains from Meta Platforms Inc. increasing its spending on chips for its metaverse project.

Samsung's shares fell 3.6% on Tuesday, their biggest drop in three months. South Korean rival SK Hynix ended the day down 2.4%. Samsung's profit is falling faster than its revenue, as the company focuses on market share. Year-on-year growth is a measure of the increase in a company's sales or profits over a one-year period. It is a popular way to compare a company's performance over time.