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

0830 - CPI m/m for May: Expected 0.5%; Prior 0.6%
0830 - CPI y/y for May: Expected 4.2%; Prior 3.8%
0830 - Core CPI m/m for May: Expected 0.3%; Prior 0.4%
0830 - Core CPI y/y for May: Expected 2.9%; Prior 2.8%

Oil and Energy Stocks

+0.88%

Trading higher after US President Donald Trump posted on Truth Social that Iran will have to “pay the price” for taking “too long to negotiate a deal”. Trump later told Fox News that he is close to ordering new strikes on Iran. Earlier, the US military carried out strikes in Iran in response to Iran's reported downing of a US Army helicopter. Iran went on to target the nearby regions of Bahrain, Kuwait, and Jordan in response to the US retaliation.

USO, OXY, XOM, CVX, DVN, COP

Super Micro Computer Inc (SMCI)

-10.23%

Gapping down after announcing a proposed $7 billion equity and equity-linked financing package to support component purchases tied to roughly $39 billion in recent AI server orders from more than 20 customers. The plan includes $5 billion in underwritten offerings and up to $2 billion through an at-the-market program beginning no earlier than the third quarter of 2026.

Oracle Corp (ORCL)

-2.77%

On watch ahead of its Q4 2026 earnings report, to be released after the bell on Wednesday, June 10. Analysts are looking for the company to post earnings of $1.96 per share and revenue of $19.08 billion; this revenue estimate implies 20% year-over-year growth. Oracle’s Q4 2026 report will allow analysts and investors to see if the company met its $18 billion cloud infrastructure revenue outlook for FY 2026, the first in a series of annual projections for the metric going all the way to FY 2030.

Chewy Inc (CHWY)

+6.84%

Gapping up after its Q1 2026 earnings report. Net sales grew by 7.7% year-over-year to $3.36 billion, while gross margin improved by 50 basis points to 30.1%. Net income grew by 51.9% year-over-year to $94.8 million. Adjusted EBITDA reached $253.1 million for the quarter, representing 31.3% growth from the prior-year quarter.

Meta Platforms Inc (META)

-0.32%

On watch after announcing plans to lease a 168-megawatt AI-enabled data center in India from Reliance Industries, which will build and deliver the facility in Jamnagar within two years with options for future expansion. The deal deepens Meta’s long-term partnership with Reliance and reflects growing global hyperscaler investment in India’s AI infrastructure and data center ecosystem.

Google Inc (GOOGL)

-1.27%

Google Cloud reported intermittent network disruptions in India after a fire at a third-party data center triggered an emergency shutdown of networking equipment and reduced capacity in the Delhi region. The outage affected traffic across multiple major cities including Delhi, Mumbai, and Chennai, leading to elevated latency and service slowdowns. No details have been provided with regards to damage or injuries.

Advanced Micro Devices Inc (AMD)

-2.63%

The Wall Street Journal reported that AMD-backed AI cloud startup TensorWave raised $350 million at a $1.55 billion valuation, nearly four times its valuation from roughly a year ago. The company operates exclusively on AMD hardware and software instead of Nvidia chips and says it has secured 500 megawatts of capacity, with plans to expand to 2 gigawatts next year.

Crypto Stocks

-1.98%

Continuing to trade lower as a group in tandem with ongoing weakness in Bitcoin. The cryptocurrency is poised for its third straight red session and has continued to retreat from the $64,200 level, which has served as recent resistance. Bitcoin is trading just above $61,000 as of Wednesday at 7:25 AM ET.

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

NVIDIA Corp (NVDA)

-2.21%

The Information reported that OpenAI is in advanced discussions to lease a proposed 10-gigawatt AI data center campus on federal land in Ohio, with Nvidia exploring potential credit support for the project. The first 800 megawatts of capacity are expected to come online in 2028, while the fully built campus could require investments of at least $500 billion.

CAVA Group Inc (CAVA)

+1.60%

Trading marginally higher premarket after UBS upgraded the stock from Neutral to Buy and hiked its price target from $85 to $90. The analyst cited strong same-store sales performance, multiple long-term growth catalysts, and attractive valuation as reasons for the upgrade. UBS believes CAVA's differentiated menu, potential to exceed its 1,000-store target by 2032, and projected 20%+ revenue and 25%+ EBITDA growth justify a premium valuation and further upside.

Cracker Barrel Old Country Store Inc (CBRL)

+7.44%

Gapping up on light volume following its Q3 2026 earnings report. Revenue declined by 2.9% year-over-year to $797.4 million. Comparable store restaurant sales and comparable store retail sales dropped by 2.6% and 1.8%, respectively, on a year-over-year basis. Adjusted EBITDA came in at $40.3 million, compared to $48.1 million in the prior-year quarter. The company hiked its FY 2026 revenue and adjusted EBITDA projections while maintaining its capital expenditures outlook of $105 million-$115 million.

ChowChow Cloud International Holdings (CHOW)

+200.44%

Gapping up on no apparent news. This sharp move higher in the stock echoes similar moves on other smallcap stocks in recent days. ChowChow has a market capitalization of $12.4 million and a float of 10.76 million shares.