^{_{Welcome to the TraderTV Live Morning Research Note. Here's what's making major moves in the market today.}}

1000 - Fed Chair Powell speaks at the Jackson Hole Symposium
1200 - President Trump makes an announcement

Alphabet and Meta

+0.82%

On watch as a pair after CNBC reported that Meta signed a six-year deal worth over $10 billion to use Google Cloud services. The deal is aimed at supporting the scaling of Meta’s Llama AI models and generative AI integration across Facebook, Instagram, and WhatsApp. The agreement is a significant boost for Google Cloud as it competes with Amazon Web Services and Microsoft Azure in the AI infrastructure market.

GOOGL, META

NVIDIA Corp (NVDA)

-1.10%

The Information reported that the company has instructed suppliers including Amkor, Samsung, and Foxconn to halt production of its H20 chips made for China after Beijing ordered local firms to stop purchasing them over security concerns. The move underscores escalating tensions as Chinese regulators crack down on the U.S. chipmaker’s presence in the market. Separately, Nvidia CEO Jensen Huang said that the company is in talks with the U.S. government about potentially shipping a new AI chip to China, known as the B30A, which would be more advanced than the H20.

Chinese ADRs

+2.24%

Trading higher as a group following a strong overnight session on Friday, with the CSI 300 Index closing more than 2% higher and the tech-heavy Hang Seng Index gaining nearly 1%. The rally follows the release of AI startup DeepSeek’s upgraded V3.1 model on Thursday. Chinese EV company Nio is particularly strong after showcasing its new ES8 SUV in over 300 showrooms across China ahead of its official launch at Nio Day 2025 in September. The large SUV is offered in six- and seven-seat versions starting at RMB 400,000 ($55,730) under the battery rental plan.

BABA, PDD, BIDU, BILI, JD, LI, NIO, XPEV, FXI, KWEB

Zoom Communications Inc (ZM)

+5.14%

Gapping up after its Q2 earnings report, with adjusted earnings of $1.53 per share and sales of $1.217 billion beating estimates of $1.37 and $1.198 billion, respectively. The company guided adjusted earnings between $1.42 and $1.44 per share for Q3, better than the expected $1.39, and projected quarterly sales between $1.21 billion and $1.215 billion, compared to estimates of $1.211 billion. Zoom also raised its adjusted EPS and sales guidance for fiscal 2026; its new expectations for both metrics are well above analyst estimates.

Tesla Inc (TSLA)

+0.46%

Trading marginally higher premarket after increasing the price of its top-end Cybertruck “Cyberbeast” trim by $15,000 to $114,990, citing the inclusion of a new Luxe package. The package adds Supervised FSD, free Supercharger access, four years of premium service, and enhanced connectivity. Prices for other Cybertruck variants remain unchanged.

Crypto Stocks

-0.51%

On watch as a group following a weak session for Bitcoin. The cryptocurrency opened around $114,275 on Thursday morning and made an intra-session high around $114,800 before pushing lower to close near $112,500. Bitcoin is poised for its second straight red day, trading just above the key $112,000 level as of Friday at 7:45 AM ET.

MSTR, MARA, CLSK, COIN, RIOT, HUT, HIVE, ETHE, ETHA, IBIT, CRCL, BLSH, HOOD

Workday Inc (WDAY)

-4.87%

Trading sharply lower premarket following its Q2 earnings report. Adjusted earnings of $2.21 per share beat estimates of $2.12, while sales of $2.348 billion exceeded expectations of $2.342 billion. The company guided Q3 sales of $2.415 billion, compared to estimates of $2.423 billion, and raised its FY26 sales guide to $9.515 billion, in-line with estimates of $9.51 billion. Workday also announced that it has entered into a definitive agreement to acquire AI hiring software platform Paradox.

Starbucks Corp (SBUX)

+0.90%

On watch after Reuters reported that the company has invited a short-listed group of potential bidders to submit non-binding offers for a stake in its China business within the next two weeks. These possible bidders include the likes of Carlyle, EQT, Hillhouse, and Primavera. Starbucks is still determining the size and structure of the stake sale, with details to be shared during upcoming management presentations.

Lucid Group Inc (LCID)

-1.44%

Trading lower premarket after announcing a 1-for-10 reverse stock split, to become effective after the market close on Friday, August 29. Approximately 29.84% of the stock’s float is sold short.

EpicQuest Education Group International Ltd (EEIQ)

+104.50%

Gapping up after reporting earnings for the first half of the fiscal year. The company reported losses of $0.02 per share, marking a year-over-year improvement from losses of $0.23, while sales of $5.367 million grew from $4.055 million year-over-year. The stock has a market capitalization of $7.12 million and a float of 4 million shares.