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

1100 - NY Fed inflation expectations for November

Carvana Co (CVNA)

+9.23%

Gapping up after S&P Dow Jones Indices said the company will join the S&P 500 on December 22, marking a stunning comeback from marked weakness in 2022. The stock has nearly doubled this year as cost cuts and revived used-car demand drove a return to profitability.

CoreWeave (CRWV)

-5.78%

Gapping down after announcing plans to raise $2 billion through a private offering of convertible senior notes due 2031, with an additional $300 million available to initial purchasers through an option window. The offering remains subject to market conditions and other standard requirements.

Tesla Inc (TSLA)

-1.42%

Trading lower premarket after Morgan Stanley downgraded the stock from Overweight to Equal-Weight while hiking its price target from $410 to $425. The analyst said that the stock’s massive run and lofty expectations for robotaxis, FSD, and Optimus leave it trading near fair value despite the Tesla’s long-term leadership in EVs, energy, and AI. Morgan Stanley attributed its price target increase to a recalibration of its sum-of-the-parts model, but expects choppy trading ahead as near-term estimates face downside and most non-auto catalysts already appear priced in.

Marvell Technology Inc (MRVL)

-6.21%

Gapping down after Benchmark downgraded the stock from Buy to Hold, warning that the company likely lost AWS’s Tranium 3 and 4 designs to Alchip. This catalyst could contributed to slower expected XPU growth and weaker Amazon-related revenue in the future. Furthermore, The Information reported on Friday that Microsoft is moving its custom chip design work from Marvell to Broadcom.

Confluent Inc (CFLT)

+28.13%

Gapping up after the Wall Street Journal reported that IBM is in advanced talks to buy the company for roughly $11 billion, aiming to strengthen its capabilities in cloud services and real-time data processing. The deal—potentially announced as soon as Monday—follows Confluent’s strategic exploration of a sale after attracting interest from multiple bidders.

NextEra Energy Inc (NEE)

+1.95%

Trading higher premarket after announcing a partnership with Google to build multiple gigawatts of U.S. data-center capacity and supporting energy infrastructure. The first three campuses are already in development, and more sites are planned. The companies’ first joint product is slated to launch in the Google Cloud Marketplace by mid-2026.

Apple Inc (AAPL)

-0.29%

Wedbush raised its price target for the stock to $350 from $320. The analyst expects 2026 will be the year the company fully enters the AI market, driven by a Google Gemini partnership and its large iOS/iPhone installed base. Wedbush estimates AI monetization could contribute $75–$100 per share over the next few years and expects Tim Cook to remain CEO through at least 2027 to guide this transition.

Netflix and Warner Bros Discovery

+0.21%

On watch as a pair after Netflix’s proposed deal to acquire Warner Bros drew scrutiny from US President Donald Trump, who said he intends to weigh in on whether the merger should proceed. He warned the combined company’s massive market share could pose competition concerns, leaving approval dependent on economic review. These comments follow reports that Paramount Skydance is considering a hostile bid for Warner Bros Discovery.

NFLX, WBD

SanDisk Corp (SNDK)

+3.79%

JPMorgan initiated coverage of the stock with a Neutral rating and a $235 price target, noting the stock is trading near its current levels but above some analysts’ fair-value estimates. While acknowledging SanDisk’s cost advantages and AI-driven eSSD exposure, the bank cautions that memory market pricing may be at a cyclical peak and upcoming capacity expansions could limit long-term growth and valuation upside.

Taiwan Semiconductor Manufacturing Co (TSMC)

+1.83%

Taiwanese media outlet Money UDN reported that the company’s CoWoS advanced packaging lines are completely booked as Nvidia, Google, Amazon, and MediaTek race to lock in capacity for next-gen AI chips. To keep up with this outsized demand, TSMC is preparing to outsource portions of its packaging workflow starting in 2026 and ramping partnerships with suppliers. Counterpoint Research expects CoWoS-L output to surge to 100,000 wafers per month by late 2026.

Micron Technology Inc (MU)

+2.54%

Trading higher premarket after BofA lifted its price target for the stock from $180 to $250 while maintaining a Neutral rating. The analyst noted that the AI-driven memory cycle appears far more structural and durable than past upcycles, with AI servers needing dramatically higher DRAM and overall memory content. BofA also highlighted tighter industry capex, multi-year customer agreements, and upcoming custom HBM4/HBM4E products as factors supporting stronger medium-term pricing and stability.

D-Wave Quantum Inc (QBTS)

+2.45%

Trading higher premarket after announcing that its annual Qubits user conference will be held January 27–28, 2026 in Boca Raton, Florida. Qubits will feature executives, customers, and industry leaders discussing the company’s quantum computing systems and hybrid-quantum solvers. The event will also showcase D-Wave’s latest technology roadmap for annealing and gate-model quantum initiatives, highlighting its commercial-grade superconducting quantum technology and strategic vision.

Cemtrex Inc (CETX)

+312.05%

Gapping up on no apparent news catalyst. On November 20, 2025, the company announced plans to acquire Invocon for $7.06 million. Cemtrex has a market capitalization of $2.09 million and a float of 670,000 shares, approximately 14.2% of which are sold short.