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

1000 - Richmond Fed composite index for December: Expected -10; Prior -14

Semiconductors

+1.02%

Several stocks in this group are trading higher premarket following a strong showing on Monday, with Advanced Micro Devices and Broadcom both closing sharply higher. Monday’s rally was driven by the announcement that the Biden administration will be starting an investigation into China’s legacy chip industry. Additionally, Elon Musk’s xAI announced a $6 billion funding round whose participants included Nvidia and Advanced Micro Devices.

AMD, AVGO, MU, MRVL, NVDA, SMCI

Crypto Stocks

+0.37%

On watch as a group amid recent weakness in Bitcoin. The cryptocurrency bounced off of key support above $92,000 on Monday and is trading just above $94,000 as of Tuesday morning. Ethereum, meanwhile, is poised to outperform Bitcoin for the second session in a row and is trading near the $3,400 level. Separately, HIVE Digital Technologies announced that they have acquired a cluster of NVIDIA H100 and H200 GPUs for $30 million.

COIN, MSTR, MARA, RIOT, IBIT, ETHE, HUT, CLSK, IREN, CAN, HIVE

Tesla Inc (TSLA)

+0.79%

The company has introduced a new feature for its V3 and V4 Supercharger posts in cold climates. This feature works by using an AC ripple current to pre-heat batteries in Model 3 and Model Y vehicles, significantly speeding up charging times in winter conditions. The company is also enhancing its Supercharger network with increased uptime, attendants, and expanded locations during the holiday season, while lowering charging prices to encourage EV adoption.

Meta Platforms Inc (META)

+0.63%

Continuing to trade higher premarket. The stock closed 2.5% higher on Monday, just below the $600 level, after the Financial Times reported that Meta plans to integrate displays into its Ray-Ban smart glasses by 2025. The reported initiative aligns with CEO Mark Zuckerberg's vision for lightweight AR headsets, positioning Meta to compete with rivals like Apple while advancing its Reality Labs division's groundbreaking innovations.

Chinese ADRs

+0.79%

Trading marginally higher as a group. Reuters reported that China's National Fiscal Work Conference announced plans to increase and accelerate fiscal spending in 2025, with the goal of improving people's livelihoods and boosting consumption. The reported measures aim to support economic growth and address domestic demand challenges.

BABA, BIDU, JD, PDD, BILI, LI, NIO, ZK, XPEV

American Airlines Group Inc (AAL)

+0.41%

On watch after a nationwide ground stop was implemented due to a technical issue affecting all its flights. The disruption, reportedly related to a software outage, was reported by the FAA and has impacted the airline's operations. The situation is receiving a significant amount of attention on social media.

Rigetti Computing Inc (RGTI)

+0.46%

Receiving an influx of premarket volume following a relatively strong performance on Monday, which saw Rigetti close gain almost 17% on the day. The rally was driven by the launch of the company’s 84-qubit Ankaa-3 system. The stock has a short float of approximately 17.16%.

Tilray Brands Inc (TLRY)

+6.29%

Trading sharply higher premarket with volume. The stock, which closed over 15% higher on Monday, has been receiving a significant amount of social media attention over the last two days. Several social media users have re-circulated a post made by Keith “Roaring Kitty” Gill in which the number “4:20” is featured, reigniting speculation that Gill is planning on investing in the cannabis space. Roughly 12.11% of Tilray’s float is sold short.

Avinger Inc (AVGR)

+214.45%

Gapping up on no apparent catalyst. The stock has a market capitalization of $6.27 million and a float of 1.88 million shares, roughly 2.35% of which are sold short.