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

0830 - Building permits for November: Expected 1.4M; Prior 1.411M
0830 - Building permits for December
0830 - Housing starts for November: Expected 1.31M; Prior 1.246M
0830 - Housing starts for December
0830 - Durable goods orders m/m for December: Expected -2%; Prior 5.3%
1300 - Fed’s Bowman speaks
1400 - FOMC minutes from the January 2026 meeting

NVIDIA Corp and Meta Platforms

+1.21%

Meta has announced a long-term AI infrastructure partnership with Nvidia to build data centers optimized for AI training and inference, aiming to improve performance and accelerate advanced AI models. The deal includes using Nvidia’s platforms for networking, computing, and secure technologies, supporting Meta’s goal of developing large-scale AI systems and expanding capabilities such as private messaging and “personal superintelligence.” Separately, Nvidia is expanding its presence in India through partnerships with Yotta Data Services and E2E Networks Ltd. to deploy advanced Blackwell GPUs and build AI data centers and cloud platforms.

NVDA, META

Amazon.com, Alphabet, and Microsoft

+0.93%

On watch as a trio after The Information reported that Anthropic expects to spend at least $80 billion by 2029 on cloud services from all three companies to run and train its Claude AI models, while also paying a growing share of revenue to these partners when they resell its technology. The arrangement helps expand Claude’s reach but pressures Anthropic’s margins, as cloud providers take significant cuts of revenue and profits that increase as the business scales. Separately, Microsoft announced plans to invest $50 billion by the end of the decade to expand artificial intelligence adoption across countries in the Global South.

AMZN, GOOGL, MSFT

Palo Alto Networks Inc (PANW)

-6.25%

Gapping down after its Q2 2026 earnings report. The company posted adjusted earnings of $1.03 per share and sales of $2.594 billion, beating estimates of $0.94 and $2.582 billion, respectively. Palo Alto cut its adjusted EPS guidance for the fiscal year, with its EPS guidance for Q3 2026 also missing estimates; it hiked its sales outlook for the year, however, and its quarterly sales outlook also outpaced expectations.

Palantir Technologies Inc (PLTR)

+3.22%

Trading sharply higher premarket after Mizuho upgraded the stock to Outperform with a $195 price target, citing its strong revenue growth, accelerating performance, and expanding margins at scale. The firm said recent declines in Palantir’s valuation multiple have reduced downside risk, making the stock’s risk-reward profile more attractive.

Sandisk Corp (SNDK)

-2.90%

Trading lower premarket after announcing a secondary public offering of about 5.8 million shares priced at $545 each. The shares are being sold by Sandisk’s former parent Western Digital Corporation, meaning Sandisk will not receive any proceeds. Before the sale, Western Digital plans a debt-for-equity exchange with affiliates of J.P. Morgan Securities LLC and BofA Securities, which will act as selling stockholders and underwriters. Western Digital intends to later dispose of its remaining Sandisk stake.

Arm Holdings PLC (ARM)

+1.29%

Trading marginally higher premarket after Nvidia and Meta expanded their AI infrastructure partnership. Given the emphasis of CPU usage in data centers within the announcement, news sources including Sherwood have interpreted this catalyst as a positive opportunity for Arm. Separately, Nvidia revealed via a 13-F filing that it sold its stake in Arm during Q4 2025.

Apple Inc (AAPL)

+0.01%

Berkshire Hathaway sold a portion of its position in the company during Q4 2025, Warren Buffett’s final quarter as CEO of the company. The firm’s 13-F for last quarter revealed that it sold 4.3% of its stake in Apple, bringing its total Apple holdings to $61.96 billion. Apple is Berkshire’s largest equity holding.

Moderna Inc (MRNA)

+4.71%

Trading sharply higher premarket after announcing that the US Food and Drug Administration has accepted its flu vaccine mRNA-1010 for review, setting an August 5, 2026 decision date. The company is seeking full approval for adults ages 50–64 and accelerated approval for those 65 and older, with a required post-marketing study in older adults.

Tesla Inc (TSLA)

+0.71%

The company avoided a 30-day suspension of its California manufacturing and sales licenses after dropping the “Autopilot” term from marketing its driver assistance systems, satisfying consumer protection requirements set by the California Department of Motor Vehicles. The move follows a lawsuit filed by the DMV alleging Tesla misled consumers about the capabilities of its Autopilot and Full Self-Driving features, after which the agency gave the company 90 days to make changes instead of enforcing penalties.

Analog Devices Inc (ADI)

+9.03%

Gapping up after its Q1 2026 earnings report, with adjusted EPS of $2.46 and sales of $3.16 billion beating estimates of $2.31 and $3.117 billion, respectively. The company guided adjusted EPS of $2.73 to $3.03 for Q2 2026, outpacing estimates of $2.46, and projected sales between $3.4 billion and $3.6 billion for the same quarter.

Applied Digital, Recursion, and WeRide

-7.33%

Trading lower as a group following Nvidia’s 13-F filing for Q4 2025, which revealed that Nvidia sold its stake in all three companies last quarter. Applied Digital has a short float of approximately 35.2% and Recursion has a short float of roughly 38%; only 3% of WeRide’s float is sold short.

APLD, RXRX, WRD

Nebius Group NV (NBIS)

+1.93%

Trading higher premarket after Compass Point initiated coverage on the stock with a Buy rating and $150 price target, highlighting its AI cloud platform that provides GPU computing and software for AI training and inference. The firm said Nebius emerged after divesting Russia-based businesses from Yandex N.V., reentering Nasdaq in 2024 as a streamlined Netherlands-based AI infrastructure company with strong engineering capabilities.

Fiverr International Ltd (FVRR)

-17.63%

Gapping down after its Q4 2025 earnings report. Adjusted EPS of $0.86 beat estimates of $0.72, though sales of $107.174 million missed estimates of $109.047 million. The company guided sales between $100 million and $108 million for Q1 2026, below estimates of $112.212 million; its FY 2026 sales outlook of $380 million-$420 million similarly missed expectations of $457.704 million.

Riot Platforms Inc (RIOT)

+4.78%

Trading sharply higher premarket after activist investor Starboard Value said that it sent a letter to the company. The investor claimed that it urged Riot to accelerate deals in AI and high-performance computing, citing its 1.7 GW of available power and strong infrastructure capacity. Starboard further noted that Riot’s facilities in Corsicana and Rockdale position the company well to host AI and data center operations.

Upwork Inc (UPWK)

+6.43%

Gapping up after announcing a new $300 million share buyback program. CEO Hayden Brown attributed the buyback program to the company’s “performance and strong balance sheet” exiting fiscal 2025. Approximately 17.7% of Upwork’s float is sold short.