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

Super Micro Computer Inc (SMCI)

+15.69%

Gapping up after updating its projections for Q4 2026. The company said it secured more than $60 billion in new Q4 orders and raised its gross margin forecast to 15%–17% from 8.2%–8.4%, driven by a more favorable customer and product mix. The AI server maker expects quarterly revenue near the low end of its $11 billion–$12.5 billion guidance range.

Tesla and Alphabet

+0.40%

Both of these Mag 7 companies are scheduled to report earnings after the bell on Wednesday, July 22. Analysts are looking for Tesla to post earnings of $0.53 per share and revenue of $25.36 billion. Alphabet, meanwhile, is expected to post earnings of $2.87 per share and revenue of $101.22 billion. Tesla’s Q2 report comes on the heels of better-than-expected production and delivery numbers for the quarter, while Google is reporting against the backdrop of reported Gemini delays and sector-wide capex concerns.

TSLA, GOOGL

Reddit Inc (RDDT)

-6.13%

Gapping down after the Wall Street Journal reported that the company is reconsidering whether to allow Google's AI systems to access their content as licensing agreements expire and AI-generated summaries potentially reduce referral traffic. While no major content cutoff has been announced, publishers are weighing the value of Google's search traffic against the risk of losing visibility and revenue as AI summaries become more prevalent.

Space Exploration Technologies Corp (SPCX)

+0.36%

The stock broke its seven-day losing streak on Tuesday, closing 3% higher after announcing that its first-ever earnings report as a public company will be released on August 4. As part of the company’s unusual IPO share lock-up structure, this report will allow insiders to begin selling shares in a limited capacity. SpaceX made highs just below $130 on Tuesday before pulling back sharply to close around $123.50.

Oil and Energy Stocks

+2.02%

Trading higher as a group as tensions between the US and Iran continue. US Central Command conducted its eleventh straight night of strikes on Iranian military targets on Tuesday, saying the operations are aimed at reducing Iran's ability to threaten commercial shipping through the strategic waterway. Additionally, Secretary of State Marco Rubio said the U.S. remains open to diplomacy with Iran but accused Tehran of not negotiating in good faith. Rubio emphasized Iran’s insistence on control over the Strait of Hormuz, which he said would set an unacceptable global precedent.

OXY, XOM, CVX, USO, TPET, EONR, BATL, SKYQ

International Business Machines and ServiceNow

+0.21%

Both software companies are set to report earnings after the bell on Wednesday, July 22. IBM - which shared a poorly-received preliminary earnings report on July 14 - is expected to post earnings of $2.93 per share and revenue of $17.59. ServiceNow, whose stock suffered earlier this year as concerns about AI dominance consumed the software industry, is expected to post earnings of $0.86 per share and revenue of $3.92 billion.

IBM, NOW

NVIDIA Corp (NVDA)

-0.98%

The company GB300 AI systems are now being mass-produced in Texas, with key supplier Wistron opening a $700 million factory in Fort Worth. The factory will manufacture Grace Blackwell Ultra systems before transitioning to Vera Rubin platforms. Wistron expects to scale production to tens of thousands of computing boards per month this year, expanding US-based AI infrastructure manufacturing.

Crypto Stocks

-0.55%

Outlets including Punchbowl and Crypto in America reported that the Clarity Act has moved closer to a Senate vote after President Trump agreed to an ethics provision covering the president, clearing a major obstacle in negotiations. Bitcoin and cryptocurrency stocks rallied on Tuesday in anticipation of the advancement of the bill, though details of the ethics language and Democratic support remain uncertain.

COIN, MSTR, IBIT, BMNR, CRCL, BLSH, RIOT, HIVE, CLSK, MARA, HUT

GE Vernova Inc (GEV)

-4.06%

Trading sharply lower premarket after its Q2 2026 earnings report. Revenue of $11.1 billion topped estimates of $10.7 billion and represented 22% year-over-year growth, though earnings of $2.47 per share came in well below estimates of $3.01. Data center orders exceeded more than $5 billion on a year-to-date basis, more than doubling the amount of data center orders in FY 2025. The company projected revenue between $45.5 billion and $46.5 billion for FY 2026, above estimates of $45.45 billion, and guided adjusted EBITDA margins between 12% and 14% for the same period. GE Vernova also noted that it expects between $100 million and $200 million in tariff-associated costs for FY 2026.

AT&T Inc (T)

+3.14%

Trading higher premarket after its Q2 2026 earnings report. Revenue of $31.6 billion narrowly missed estimates of $31.7 billion, though adjusted earnings of $0.65 per share beat estimates of $0.60. Adjusted EBITDA was reported at $12.3 billion, beating estimates of $12.11 billion, with postpaid phone net adds of 432,000 topping estimates of 338,500. The company affirmed its previously-issued FY 2026 outlook and continues to expect adjusted EPS between $2.25 and $2.35, compared to estimates of $2.33.

Robinhood Markets Inc (HOOD)

-1.04%

On watch after launching its new invite-only Platinum Card. For an annual fee of $695, users can access more than $3000 in benefits. One of these perks is a complimentary annual Function Health membership, which includes over 160 lab tests, twice-yearly testing, clinician-reviewed results, and a unified health dashboard. Robinhood closed more than 7% higher on Tuesday, driven in part by a rally in the crypto sector.

Rocket Lab Corp (RKLB)

+3.31%

Trading higher premarket after receiving a $266 million firm-fixed-price contract by the US Department of Defense to provide 12 suborbital launch vehicles. The deal includes options for six additional launches. The missions will be conducted from Alaska’s Pacific Spaceport Complex through 2028, with $112 million in fiscal 2025 funding obligated at the time of the award.

Pegasystems Inc (PEGA)

-15.64%

Gapping down after its Q2 2026 earnings report, with revenue of $420.72 million and adjusted earnings of $0.35 per share missing estimates of $427 million and $0.43, respectively. Founder and CEO Alan Trefler attributed the weak to quarter to “unprecedented changes in the AI market” which led to delayed purchases from the company’s clients. Consulting revenue dropped by 13% year-over-year, though Pega Cloud revenue grew by 28% and subscription revenue grew by 13%.

Intel and SK hynix

-2.88%

SK hynix denied reports from a South Korean Media outlet which suggested the company is in talks to acquire Intel’s Ohio semiconductor campus, stating it has neither pursued nor decided on any acquisition of the site. Intel said it remains committed to the Ohio facility and continues investing in its development. SK hynix also noted that it continues to evaluate potential investment opportunities.

INTC, SKHY

Oklo and X-Energy

+3.94%

Trading sharply higher as a pair after Bloomberg reported that both companies will join a government-backed program with Microsoft and Nvidia to accelerate new power plant development for AI data centers. The $200 million initiative aims to address rising electricity demand and costs driven by the rapid expansion of AI infrastructure. An official announcement is expected as early as Wednesday, July 22.

OKLO, XE

Joby Aviation Inc (JOBY)

+3.80%

Trading higher premarket after signing a binding multi-year agreement with Virgin Atlantic to launch electric air taxi services in the UK, with Virgin serving as Joby's exclusive airline partner and integrating bookings into its app and website. The service is planned to connect airports such as Heathrow and Manchester with nearby cities in minutes, though commercial operations remain subject to UK regulatory approval and certification.

Nike Inc (NKE)

+0.09%

The company is tightening control over online sales in China by limiting wholesale distributors and steering shoppers toward official channels to rebuild brand trust and protect full-price sales. The strategy comes as Nike faces growing competition from domestic rivals, while other major sportswear brands have expanded distribution to capture more market share.

Advanced Biomed Inc (ADVB)

+20.20%

Gapping up. Earlier this week, the company withdrew its Form S-1 registration filing, confirming it will not proceed with the planned offering and that no securities were sold. The removal of potential equity dilution boosted investor sentiment. Advanced Biomed has a market capitalization of $15.67 million and a float of 560,000 shares.