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

0830 - CPI y/y for January: Expected 2.9%; Prior 2.9%
0830 - CPI m/m for January: Expected 0.3%; Prior 0.4%
0830 - Core CPI y/y for January: Expected 3.1%; Prior 3.2%
0830 - Core CPI m/m for January: Expected 0.3%; Prior 0.2%
1000 - Fed Chair Powell testifies
1200 - Fed’s Bostic speaks
1705 - Fed’s Waller speaks

Super Micro Computer Inc (SMCI)

+9.97%

Gapping up after reporting preliminary Q2 2025 earnings. The company reported preliminary adjusted earnings of $0.58 to $0.60 per share and net sales of $5.6 billion to $5.7 billion. Super Micro guided Q3 net sales outlook between $5 billion and $6 billion but lowered its FY25 revenue guide from $26 billion-$30 billion to $23.5 billion-$25 billion. The company additionally announced a $700 million convertible senior notes placement, said that it has been complying with its SEC and DOJ investigations, and noted that it expects to file its delayed annual and quarterly reports before February 25 to avoid Nasdaq delisting.

Meta Platforms Inc (META)

+0.27%

Trading higher premarket and poised to continue its 17-day green streak. On Tuesday, Forbes reported that the company is in talks to acquire Seoul-based AI chip startup FuriosaAI, with a deal potentially closing this month. Founded by former Samsung and AMD engineer June Paik, FuriosaAI develops AI accelerators, including its Warboy chip and the advanced RNGD chip launched in August.

Tesla Inc (TSLA)

+2.44%

Trading higher premarket after closing more than 6% lower on Tuesday. This drop, which contributed to the stock’s five-day losing streak, was potentially driven by BYD’s integration of their driver assistance technology in some of their less expensive vehicles. Separately, Tesla’s Full Self-Driving (FSD) technology has expanded its availability to Mexico, marking its first rollout outside the U.S. and Canada. While FSD remains a supervised system requiring active driver attention, Tesla plans to launch it in Europe and China in 2025, pending regulatory approval.

Upstart Holdings Inc (UPST)

+26.89%

Gapping up after its earnings report, with adjusted earnings of $0.26 per share exceeding an estimated four-cent loss and sales of $218.96 million beating estimates of $182.18 million. Loans rose 68% year-over-year and 33% quarter-over-quarter, and the conversion rate rose from 11.6% to 19.3% on a year-over-year basis. The company guided Q1 revenue of $200 million and fiscal 2025 revenue around $1 billion, above estimates of $193.803 million and $838.08 million, respectively.

Lyft Inc (LYFT)

-12.30%

Gapping down after its Q4 2024 earnings report. The company reported sales of $1.6 billion, above estimates of $1.56 billion and representing 27% year-over-year growth, while bookings grew 15% year-over-year to reach $4.3 billion. Active riders grew by 10% year-over-year during the quarter and total rides increased by 15%. Lyft announces a $500M buyback program and guided Q1 revenue growth between 10% and 14%. BofA Securities and Barclays lowered their price targets for the stock after the report.

Chinese ADRs

+3.12%

Trading higher as a group amid increased optimism surrounding Chinese tech stocks, with the tech-heavy Hang Seng Index closing 2.64% higher during the overnight session. Mainland Chinese funds have purchased $17 billion worth of Hong Kong stocks through February 11, nearly seven times last year’s pace. The rally has been motivated in part by major advancements from Chinese AI startup DeepSeek. Separately, Alibaba remains on watch after the Information reported that the company is working with Apple on AI features for iPhones in China.

CVS Health Corp (CVS)

+11.64%

Gapping up after its Q4 2024 earnings report. Adjusted earnings of $1.19 per share exceeded estimates of $0.93, and sales of $97.71 billion beat estimates of $97.19 billion. The company guided adjusted earnings between $5.75 and $6.00 for fiscal 2025, compared to forecasts of $5.96.

Intel Corp (INTC)

+5.34%

Gapping up after closing 6% higher on Tuesday. This recent push to the upside has been attributed to comments from Vice President JD Vance about protecting American AI and semiconductor technologies. Speaking at the Paris AI summit on Tuesday, Vance emphasized preventing foreign adversaries from exploiting AI for military and intelligence purposes, signaling stronger U.S. measures against tech misuse. Additionally, its Core Ultra 9 275HX processor was reportedly praised by tech reviewers.

Vertiv Holdings Co (VRT)

-9.53%

Gapping down after its Q4 2024 earnings report. The company reported adjusted earnings of $0.99 per share, beating estimates of $0.82, and sales of $2.346 billion, above the estimated $2.151 billion. For fiscal 2025, Vertiv guided adjusted earnings between $3.50 and $3.60 and revenue between $9.125 billion and $9.275 billion; the lower end of both those guidance ranges came in slightly below analyst estimates. The company’s Q1 2025 guidance mostly exceeded expectations.

Firefly Neuroscience Inc (AIFF)

+27.38%

Continuing to trade higher premarket following a strong showing on Tuesday. The stock’s rally on Tuesday began after the company announced that it has been accepted into the NVIDIA Connect program. Firefly has a float of 3.22 million shares.