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

0800 - Fed’s Waller speaks
0815 - ADP employment change for December: Expected 139k; Prior 146k
0830 - Initial jobless claims: Expected 7.74M; Prior 7.744M
1400 - FOMC meeting minutes
1500 - Consumer credit change for November: Expected $10.5B; Prior $19.24B

Crypto Stocks

-1.97%

Continuing to trade lower as a group amid a selloff in the crypto space, which saw Bitcoin lose the key $100,000 level once again on Tuesday. The selling, which seems to have been triggered by a higher-than-expected JOLTS job openings print, resulted in Bitcoin closing below $97,000 for the first time in five days. The cryptocurrency is trading just above $95,000 as of Wednesday morning; Ethereum, which opened just below $3,700 on Tuesday, is trading around $3,350.

COIN, MSTR, MARA, RIOT, IBIT, ETHE, HUT, CLSK, IREN, CAN, HIVE

NVIDIA Corp (NVDA)

+0.19%

Attempting to rebound after closing more than 6% lower on Tuesday. The stock briefly made new all-time highs on Tuesday morning before suffering its worst day since September 3. The selloff seems to have been a “sell-the-news” reaction to CEO Jensen Huang’s keynote speech at CES 2025 on Monday, January 6. Huang and CFO Collette Kress gave interviews on Tuesday following the keynote, during which they both emphasized strong demand for the company’s new Blackwell chips.

Palantir Technologies Inc (PLTR)

-3.01%

Several of the company’s executives and directors have filed to sell shares in January 2025. Ryan Taylor, Palantir’s Chief Revenue Officer and Chief Legal Officer, filed to sell $36,046,086 worth of the company’s shares, while CFO David Glazer’s sales came in at $7,024,599. Meanwhile, directors Alexander Moore and Lauren Elaina Friedman filed for sales valued at $1,490,101 and $137,322, respectively. All of the filings are dated January 6, 2025.

Quantum Stocks

-22.27%

Gapping down as a group with strong premarket volume after Nvidia CEO Jensen Huang commented on the viability of the space. Huang warned that practical quantum computing applications are likely 15 to 30 years away, despite its potential for small data and big compute tasks. He also emphasized the need for classical computers in error correction. Martin Shkreli, known as the “Pharma Bro”, posted a short case for quantum stocks shortly after Huang’s comments.

RGTI, QUBT, QBTS, QMCO, IONQ

Amazon.com Inc (AMZN)

-0.76%

Amazon Web Services launched the AWS Asia Pacific (Thailand) Region with a $5 billion investment, enabling reduced latency, secure data storage, and high-availability infrastructure across three Availability Zones. The initiative is expected to add $10 billion to Thailand’s GDP annually and expand AWS’s global footprint. Amazon was also on watch on Tuesday afternoon amid reports that strategic partner Anthropic has begun another funding round with a $60 billion valuation.

Advanced Micro Devices Inc (AMD)

-3.01%

Trading sharply lower premarket. The company, which is on watch this week due to the ongoing CES 2025 conference, announced a strategic collaboration with Absci. Advanced Micro Devices is set to invest $20 million in Absci as part of the partnership, the goal of which is to “accelerate the future of AI drug discovery”. Absci is gapping up following the announcement.

Tesla Inc (TSLA)

-1.31%

Continuing to trade lower following a 4% drop on Tuesday. The selloff, likely amplified by negative sentiment in the market, was driven by a downgrade from Bank of America and the company’s second NHTSA probe in less than six months. Separately, popular tech YouTuber Marques Brownlee ranked Tesla’s Full Self-Driving (FSD) technology as the best among assisted-driving systems in a video posted on Tuesday; Brownlee also tested FSD tech from GM, Mercedes-Benz, Ford, and BMW for the video

Sana Biotechnology Inc (SANA)

+233.33%

Gapping up after reporting positive clinical trial results for its type 1 diabetes study, demonstrating successful islet cell transplantation without the need for immunosuppression. TD Cowen upgraded Sana to a Buy rating following the announcement. Roughly 30% of the stock’s float is sold short.

CURRENC Group Inc (CURR)

+168.19%

Gapping up after launching its Seamless AI Call Centre Solutions. The product is a suite of AI-powered tools aimed at reducing costs, improving efficiency, and enhancing customer satisfaction.