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

0945 - S&P services PMI for June: Expected 51.3; Prior 51.3
0945 - S&P composite PMI for June: Prior 52.2
1000 - ISM services PMI for June: Expected 54.2; Prior 54.5

Memory Stocks

+2.25%

On watch as a group as traders prepare for the the US stock market debut of South Korean memory giant SK Hynix. The company has launched a US ADR offering to raise about 43 trillion won ($28 billion) on Nasdaq, with major investors including Baillie Gifford, Coatue Management, and Situational Awareness Partners indicating interest in purchasing up to $7 billion of the offering. SK Hynix’s US shares are expected to begin trading on Friday, July 10.

MU, SNDK, WDC, STX, DRAM

Meta Platforms Inc (META)

+1.39%

On Thursday afternoon, Reuters reported on an internal town memo during which Meta CEO Mark Zuckerberg reportedly admitted that the company’s. AI reorganization has not accelerated AI agent development as expected. The report indicated that Zuckerberg said Meta’s restructuring and workforce changes were less effective and more disruptive than anticipated, though he reportedly expects Meta to see more meaningful gains from its AI investments over the next three to six months. Meta Superintelligence leader Alexandr Wang acknowledged the reports on social media, teasing an impending update to the company’s Muse Spark AI model that will feature “big improvements in coding and agentic capabilities”.

Space Exploration Technologies Corp (SPCX)

+1.62%

On watch ahead of its addition to the Nasdaq-100 Index, set to take place on Monday, July 6; the company will begin trading as part of the index as of the opening bell on Tuesday, July 7. SpaceX’s addition to the Nasdaq means that index funds which track the benchmark are likely to buy the company’s shares. The company’s inclusion was fast-tracked following its well-received IPO on June 12, though shares have fallen sharply from all-time highs made shortly after the IPO.

Intel Corp (INTC)

+3.12%

On watch after a report from BlueFin Research Partners suggested that Intel has resolved the wafer-to-wafer yield variability issue affecting its 18A (1.8nm-class) process. This could enable more consistent manufacturing and ongoing production ramp-ups to 12,000–15,000 wafer starts per month at both fabrication sites. While the fix should support steadier yield improvements, overall production yields may still require further optimization. This is because wafer-to-wafer variability is only one factor impacting manufacturing performance.

NVIDIA Corp (NVDA)

+0.25%

The company’s next-generation Kyber NVL144 rack architecture for its 2027 Rubin Ultra AI chips has been delayed to 2028 due to manufacturing challenges with its complex PCB midplane, according to a report from research firm SemiAnalysis. The firm noted that Nvidia’s larger NVL576 system also faces delays or limited production. Despite the setback potentially creating an opportunity for competitors like Advanced Micro Devices and Google, Nvidia's current Rubin systems remain on track for shipments this fall. SemiAnalysis still expects Nvidia's data center revenue to exceed Wall Street forecasts in the second half of fiscal 2027.

Semiconductor Manufacturing Stocks

+3.06%

Trading sharply higher as a group after Morgan Stanley raised its price targets for some stocks in the group. The analyst raised its price target for Applied Materials from $502 to $647, hiked its price target on KLA Corp from $190 to $274, and adjusted its PT for Lam Research from $331 to $404.

AMAT, LRCX, KLAC

Ondas Inc (ONDS)

+2.02%

The company announced that it has struck an agreement to acquire autonomous aircraft maker DZYNE Technologies in a $875.8 million cash-and-stock deal. The acquisition strengthens Ondas’ defense and drone portfolio. The company raised its revenue outlook to about $525 million this year, with DZYNE expected to generate $191 million in 2026 and $300 million in 2027.

Crypto Stocks

+1.77%

On watch as a group following crypto strength over the long weekend, with Bitcoin and Ethereum both posting five-day winning streaks. Bitcoin opened around $58,500 on Wednesday and came just shy of breaching $64,000 on Sunday; Ethereum, meanwhile, started Wednesday’s session below $1,600 and made highs above $1,800 on Sunday. Both of these cryptocurrencies are trading lower on Monday morning as of 7:25 AM ET.

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

Apple Inc (AAPL)

-0.66%

India’s IT secretary announced that the country is investigating a data breach at Tata Electronics that exposed sensitive Apple supply-chain documents, including components, supplier lists, and images tied to the unreleased iPhone 18 Pro. A ransomware group allegedly leaked the data on the dark web. The incident raised concerns over security in Apple’s global manufacturing network, which relies on tightly coordinated and highly sensitive supplier relationships. Separately, supply chain analyst Ming-Chi Kuo expects iPhone foldable to see very strong demand, with preorders potentially selling out quickly despite a high price range of $2,300–$2,500.

Tesla Inc (TSLA)

+1.41%

Trading higher premarket following a more-than-7% decline on Thursday. The drop came after Tesla reported stronger-than-expected Q2 deliveries of 480,100 vehicles, up 25% year over year. JPMorgan has maintained its Neutral rating and $475 price target, noting that strong sales momentum - along with progress in Full Self-Driving, Cybercab, and Optimus development - could provide near-term support for the stock.

Lockheed Martin Corp (LMT)

-0.08%

The Financial Times reported that the company is leading a competitive bidding process to acquire Ultra Maritime in a deal that could value the business at about $3.5 billion. The potential acquisition reflects broader consolidation in the defense sector as companies expand military technology capabilities amid rising geopolitical tensions and increased global defense spending.

Comcast Corp (CMCSA)

+0.41%

On watch after Comcast’s Sky Group agreed to acquire ITV’s broadcast channels and streaming service for £1.6 billion, creating a major UK media player intended to better compete with global streaming giants like Netflix, Amazon, and Disney. The deal, described as a “defining moment” for British broadcasting, is likely face regulatory scrutiny because the combined entity could control over 70% of the UK TV advertising market; this could potentially require divestitures in ad sales contracts. Last week, Comcast announced plans to spin off its Sky and NBCUniversal businesses.

Lianhe Sowell International Group (LHSW)

+190.00%

The Chinese tech play is trading sharply higher premarket. Lianhe Sowell has a market capitalization of $6.19 million and a float of 150,000 shares, roughly 14% of which are sold short.