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

0800 - Fed’s Barkin speaks
0830 - US trade balance for November: Expected -$78.3B; Prior -$73.8B
1000 - JOLTS job openings for November: Expected 7.74M; Prior 7.744M
1000 - ISM services PMI for December: Expected 53.5; Prior 52.1
1000 - ISM services employment for December: Expected 51.4; Prior 51.5

NVIDIA Corp (NVDA)

+2.00%

Trading higher premarket following a keynote from CEO Jensen Huang at CES 2025. Nvidia unveiled its new GeForce RTX 50-series chips for desktop and laptop PCs at the event leveraging the Blackwell architecture from its top-tier AI processors. While the company was historically a leader in gaming GPUs and introduced several gaming products on Monday, its focus has shifted to AI chips. The company also announced a host of partnerships and announced that its Nvidia Omniverse is expanding into physical AI.

Tesla Inc (TSLA)

-1.38%

Trading lower after the National Highway Traffic Safety Association (NHTSA) opened its second investigation into the company in less than six months. The new investigation concerns approximately 2.6 million Tesla vehicles equipped with the "Actually Smart Summon" following after reports of crashes where the technology allegedly failed to detect obstacles like posts or parked vehicles. Additionally, Bank of America downgraded the stock from Buy to Neutral, citing concerns about its valuation and strategy.

Apple Inc (AAPL)

-1.05%

Trading lower after MoffettNathanson downgraded the stock from Neutral to Sell and lowered its price target from $202 to $188. The analyst attributed the downgrade to a series of factors, including the company’s legal issues with Google payments, weakening market position in China, disappointing Vision Pro performance, and lukewarm consumer response to its AI features. MoffettNathanson said the stock’s outlook is “decidedly unattractive” given these headwinds and potential risks of retaliatory tariffs abroad.

Uber Technologies Inc (UBER)

+1.95%

The company has entered into a strategic partnership with Nvidia to accelerate AI-driven autonomous vehicle development. The partnership involves combining Uber's mobility data with NVIDIA’s advanced platforms, including Cosmos and DGX Cloud. This collaboration aims to create efficient, scalable AI models, aligning with NVIDIA CEO Jensen Huang's prediction that self-driving vehicles will become a multi-trillion-dollar robotics industry.

Meta Platforms Inc (META)

-0.70%

Pulling back premarket after gaining more than 4% to end Monday’s session. After the bell, the company announced that Dana White, CEO of UFC, and John Elkann, CEO of Exor, are joining its board of directors alongside tech investor Charlie Songhurst. Additionally, CEO Mark Zuckerberg confirmed that Meta is planning on moving towards a community notes system in the US, doing away with factcheckers, and easing up on content restriction.

Microsoft Corp (MSFT)

+0.28%

On watch after CEO Satya Nadella that the company is planning to invest $3 billion in India over the next two years. The investment is aimed at expanding cloud and AI infrastructure, establishing new data centers, and training 10 million people in AI skills. Microsoft is also on watch this week during CES 2025, which it is slated to attend; according to the CES website, the company has six booths at the event.

Palantir Technologies Inc (PLTR)

-1.48%

Continuing to trade lower premarket after dropping almost 5% on Monday. On Monday evening, Cathie Wood’s Ark Invest offloaded 196,728 Palantir shares across three of its ETFs; the transactions were valued at $14.93 million in total. Palantir’s weakness during Monday’s session was driven by a negative analyst note from Morgan Stanley, which gave the company an Underweight rating rating and a $60 price target.

Semiconductors

+1.34%

Trading higher premarket as a group, led by a more-than-3% increase in Micron. The stocks are on watch ahead of CES 2025, which begins in earnest on Tuesday, January 7. Companies including Intel, Marvell, and Advanced Micro Devices began teasing their product launches and announcements throughout the day on Monday. Micron is also slated to attend the conference, as is Arm.

MU, INTC, MRVL, AMD, ARM, AVGO, SMCI

Fubotv Inc (FUBO)

+4.15%

Continuing to trade higher with strong premarket volume following a 200% surge on Monday. The company announced that it has finalized a deal with Disney to combine Hulu + Live TV and Fubo into a joint virtual MVPD company. Disney will hold a 70% stake in the combined business, but Fubo CEO David Gandler will continue to run the company. Approximately 12.37% of the stock’s float is sold short.

Immuneering Corp (IMRX)

+101.69%

Gapping up after announcing positive data for its IMM-1-104 treatment in a Phase 2a trial focused on pancreatic cancer patients. The company now plans to test the treatment for patients with other conditions, including melanoma, in a new series of trials beginning this year. The stock, which has rallied in the past, has a 10.22% short float out of a total float of 19.11 million shares.