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

0830 - CPI y/y for June: Expected 2.6%; Prior 2.4%
0830 - CPI m/m for June: Expected 0.3%; Prior 0.1%
0830 - Core CPI y/y for June: Expected 2.9%; Prior 2.8%
0830 - Core CPI m/m for June: Expected 0.3%; Prior 0.1%
0830 - NY Fed manufacturing index for July: Expected -9.2; Prior -16
0915 - Fed’s Bowman speaks
1245 - Fed’s Barr speaks

NVIDIA Corp and Advanced Micro Devices

+4.55%

Gapping up after the company announced that it expects to soon resume sales of its H20 chips to China. The statement from Nvidia indicated that the company has received assurances from the US government that licenses will be granted, reversing a previous halt due to export restrictions. This shift follows CEO Jensen Huang’s lobbying efforts, including a meeting with President Trump, and comes as part of broader US-China trade easing. Advanced Micro Devices later announced that they will resume shipping their MI308 chips to China once they receive license approvals from the US.

NVDA, AMD

The Trade Desk Inc (TTD)

+14.65%

Gapping up after S&P Dow Jones Indices announced that the company will be added to the S&P 500 index as of market open on July 18. The Trade Desk is set to replace ANSYS in the index following the latter company’s acquisition by Synopsys. Robinhood and Applovin, which are eligible to be added to the S&P 500 but have been overlooked in recent rebalance announcements, are trading marginally lower premarket.

JPMorgan, Wells Fargo, and Citigroup

-0.42%

The three financial institutions reported quarterly earnings before the bell on Tuesday. JPMorgan posted adjusted earnings of $4.96 per share and sales of $45.68 billion, beating estimates of $4.48 and $44.167 billion, respectively. CEO Jamie Dimon noted “significant risks” to forward economic outlook due to tariff uncertainty and geopolitical tensions. Wells Fargo reported better-than-expected earnings and sales for the quarter, but its net interest income declined by 2% year-over-year. Citigroup also reported stronger-than-expected earnings and revenue, with earnings of $1.96 per share and sales of $21.66 billion beating estimates of $1.63 and $20.887 billion, respectively.

JPM, WFC, C

Alphabet Inc and CoreWeave

+0.30%

On watch after announcing a $25 billion investment over the next two years to expand data center and AI infrastructure across the PJM Interconnection, the largest U.S. electric grid. As part of the plan, it will spend $3 billion to upgrade two Pennsylvania hydropower plants under a deal with Brookfield Asset Management, helping meet surging energy demands driven by AI and data centers. Additionally, CoreWeave is gapping up after announcing plans for an up-to-$6 billion investment in a new AI data center in Pennsylvania.

GOOGL, CRWV

Chinese ADRs

+5.42%

Trading sharply higher as a group after both Nvidia and AMD indicated that they are preparing to resume shipping their AI chips to China, pending licensing approval from the US government. This news has been perceived as bullish for Chinese tech companies, with the tech-heavy Hang Seng Index closing 1.6% higher on Tuesday. Nvidia CEO Jensen Huang is expected to deliver a press conference from Beijing on Wednesday, July 16.

BABA, BILI, BIDU, PDD, JD, LI, NIO, XPEV, FXI, KWEB

Crypto Stocks

-1.68%

Trading lower as a group in tandem with a pullback in Bitcoin. The cryptocurrency made new all-time highs above $123,000 on Monday morning but drifted lower throughout the session, closing just below $120,000. Bitcoin is trading near the $116,500 level as of Tuesday around 7:35 AM ET. Ethereum and XRP are also trading lower following strong sessions on Monday.

MSTR, MARA, COIN, IBIT, ETHE, BTBT, BTDR, IREN, CAN, HIVE, RIOT, CLSK

Apple Inc (AAPL)

+0.30%

On watch after a report from the International Data Corporation (IDC) revealed that the company’s market share contracted in China for Q2 2025. The company reportedly shipped 9.6 million units in the region for a 13.9% share of China’s smartphone market, giving Apple the fifth-place spot this quarter behind competitors like Huawei and Xiaomi. The IDC report also revealed that China’s smartphone market as a whole declined by 4% on a year-over-year basis.

Tesla Inc (TSLA)

+0.32%

The company is selling its Model Y SUV in India for $69,770 and is opening its first showroom in Mumbai, marking a major step into the Indian market. Tesla plans to expand with a showroom in New Delhi and build out local infrastructure, including service centers, charging stations, and logistics hubs.

Microsoft Corp (MSFT)

-0.11%

Wells Fargo raised its price target for the stock to $600 from $585 and maintained an Overweight rating, citing strong demand for the company’s AI solutions ahead of its Q4 and FY26 results. The firm also noted that Microsoft’s recent cost-cutting measures are helping to offset rising depreciation costs, supporting expectations for double-digit EPS growth next year.

Taiwan Semiconductor Manufacturing Co Ltd (TSM)

+2.16%

Trading higher premarket as excitement builds ahead of the company’s earnings report on Thursday, July 17. Analyst estimates show that Taiwan Semiconductor is expected to report a 52% year-over-year increase in quarterly profit, as reported by Reuters. Susquehanna raised its price target for the stock from $255 to $265 while maintaining a Positive rating.

Meta Platforms Inc (META)

+0.53%

Trading marginally higher premarket after BofA Securities issued a positive note on the stock, maintaining its Buy rating and raising its price target from $765 to $775. The analyst CEO Mark Zuckerberg’s announcement of massive AI infrastructure investments, including a 1GW "Prometheus" supercluster by 2026 and a 5GW "Hyperion" project by 2030. BofA views this move as a strong signal of confidence in Meta’s growth and AI leadership, though it expects rising Capex and Opex to be key discussion points in the upcoming earnings call.

Uber Technologies Inc (UBER)

+1.00%

Trading higher premarket after announcing a partnership to integrate Baidu's Apollo Go robotaxis into Uber's ride-hailing platform across various international markets outside the U.S. and mainland China. This collaboration aims to deploy thousands of autonomous vehicles, leveraging Baidu's self-driving technology and Uber's global user base to expand robotaxi services in regions such as Europe, the Middle East, and Southeast Asia.

MP Materials Corp (MP)

+10.26%

Gapping up after Apple announced a $500 million deal with the company to buy American-made rare earth magnets produced at MP’s Fort Worth, Texas facility. This partnership supports Apple’s push to secure a domestic supply chain for key components used in its products.

Longevity Health Holdings Inc (XAGE)

+127.60%

Gapping up after announcing its merger with True Health Inc. (THPlasma), a company focused on plasma collection, in an all-stock deal. The combined company will keep trading under the symbol "XAGE" on Nasdaq. Longevity also announced the appointment of Rajiv Shukla and George Chi as executive chairman and CEO, respectively, of the combined company.