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

1000 - PCE price index y/y for September: Expected 2.8%; Prior 2.7%
1000 - PCE price index m/m for September: Expected 0.3%; Prior 0.3%
1000 - Core PCE price index y/y for September: Expected 2.8%; Prior 2.9%
1000 - Core PCE price index m/m for September: Expected 0.2%; Prior 0.2%
1000 - Consumer spending m/m for September: Expected 0.3%; Prior 0.6%
1000 - Personal income m/m for September: Expected 0.3%; Prior 0.4%
1000 - UMich consumer sentiment for December: Expected 52; Prior 51

NVIDIA Corp and Advanced Micro Devices

+0.63%

A bipartisan group of US senators has introduced the SAFE CHIPS Act, aiming to block the Trump administration from loosening export restrictions on advanced Nvidia and AMD AI chips to China and other adversaries for 2.5 years. The bill reflects rare intra-party pushback from Republicans concerned that granting China access to higher-end AI chips could strengthen Beijing’s military and surveillance capabilities. Separately, AMD CEO Lisa Su confirmed the company has licenses to ship certain MI 308 chips to China and is prepared to pay a 15% U.S. export tax.

NVDA, AND

Netflix and Warner Bros Discovery

-1.45%

Netflix announced that it is set to acquire Warner Bros Discovery for $27.75 per share. Reuters reported earlier on Friday morning that Netflix had entered exclusive talks with Warner Bros after submitting a mostly cash offer valuing the company at $28 per share. The announcement follows an escalating bidding war between Netflix, Paramount Skydance, and Comcast over Warner Bros’ assets.

NFLX, WBD

Tesla Inc (TSLA)

-0.12%

Tesla is launching a lower-priced Model 3 Standard in Europe to revive demand and better compete with increasingly cheaper EVs from European and Chinese rivals. The new model, already sold in the U.S., is priced from about €37,970 in Germany and aims to help Tesla defend its market share following a similar lower-cost Model Y rollout.

SoFi Technologies Inc (SOFI)

-7.13%

Gapping down after the company priced a public offering of 54.5 million shares at $27.50, aiming to raise roughly $1.5 billion in gross proceeds with an additional 30-day option for underwriters to buy more shares. The company plans to use the funds to strengthen its capital position, improve capital management flexibility, and support future growth.

Baidu Inc (BIDU)

+5.25%

Gapping up after Reuters reported that Kunlunxin, the company’s AI chip unit, is preparing for a Hong Kong IPO. This follows a recent fundraising round valuing Kunlunxin at 21 billion yuan and comes as China accelerates efforts to build domestic alternatives to U.S. semiconductors amid tightening export controls. The company reportedly aims to file for listing as early as Q1 2026, joining a surge of Chinese AI chipmakers heading to public markets following strong investor demand.

Rubrik Inc (RBRK)

+18.74%

Gapping up after its Q3 2026 earnings report, during which the company posted a surprise profit of $0.10 per share. Sales of $350.166 million similarly exceeded estimates of $319.252 million. The company guided adjusted losses between $0.10 and $0.12 per share for Q4, better than the estimated loss of $0.13, and projected stronger-than-expected quarterly sales. Rubrik also raised its EPS and sales guidance for the fiscal year.

Hewlett Packard Enterprise Co (HPE)

-8.34%

Gapping down after its Q4 2025 earnings report, with sales of $9,679 billion missing estimates of $9.937 billion. Adjusted earnings of $0.62 per share exceeded estimates of $0.58. The company guided GAAP earnings between $0.09 and $0.13 per share for Q1 2026, well below estimates of $0.50, though its adjusted EPS outlook for the same period exceeded estimates. Hewlett Packard guided Q4 sales between $9 billion and $9.4 billion, well below estimates of $9.896 billion.

Oklo Inc (OKLO)

-5.49%

Gapping down after entering an equity distribution agreement to sell up to $1.5 billion in Class A common stock through an at-the-market offering. The post-market announcement on Thursday followed a rally sparked by Nvidia CEO Jensen Huang’s comments highlighting nuclear power and small modular reactors as essential for powering future AI data centers. Following the announcement, Needham initiated coverage on Oklo with a buy rating and a $135 price target.

DocuSign Inc (DOCU)

-6.89%

Gapping down after its Q3 2026 earnings report. The company posted adjusted earnings of $1.01 per share and sales of $813.35 million, beating estimates of $0.92 and $806.915 million, respectively. DocuSign guided Q4 sales between $825 million and $829 million, compared to estimates of $826.842 million, and raised its FY26 sales guide to a better-than-expected range of $3.208 billion-$3.212 billion.

SentinelOne Inc (S)

-8.25%

Gapping down after its Q3 202 earnings report. Adjusted earnings of $0.07 per share beat estimates of $0.05, and sales of $258.913 million beat estimates of $257.7 million. The company guided Q4 sales of $271 million, below estimates of $273.087 million. SentinelOne narrowed its sales guidance for FY26 to $1.001 billion, compared to estimates of $1.002 billion.

Microsoft Corp (MSFT)

+0.36%

On watch after Korean media reported that LG Electronics and LG Energy Solution signed an MOU with the company to provide turnkey AI data-center infrastructure in the US, a deal potentially worth billions annually. LG clarified in a regulatory filing that Microsoft and its affiliates are only “pursuing cooperation” at this stage, with no finalized agreement yet.

Amazon.com Inc (AMZN)

+0.39%

Goldman Sachs reiterated its Buy rating and $290 price target on the stock, saying AWS re:Invent and recent earnings strengthened confidence in Amazon’s ability to re-accelerate growth. The firm sees AWS well-positioned to capitalize on the expanding AI ecosystem and expects the business to deliver 20%+ annual revenue growth over the next three years. Separately, Amazon’s Italian unit has paid €180 million and dismantled a delivery staff monitoring system, resolving a probe into alleged tax fraud and illegal labor practices.

MP Materials Corp (MP)

+3.11%

Trading higher premarket following an upgrade from Morgan Stanley. The analyst raised its rating for MP from Equal-Weight to Overweight and hiked its price target to $71, citing the company’s progress toward building a fully domestic rare-earth mine-to-magnet supply chain by 2025. Morgan Stanley noted that geopolitical risks and recent Department of Defense partnerships boost MP’s strategic importance, creating a favorable 4:1 bull-bear setup.

ChargePoint Holdings Inc (CHPT)

+10.09%

Gapping up after its Q3 2026 earnings report. The company posted adjusted losses of $2.23 per share, much larger than the expected loss of $1.31, though sales of $105.674 million beat estimates of $96.709 million. ChargePoint guided Q4 sales between $100 million and $110 million, compared to estimates of $103.036 million.