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

0830 - Building permits for May: Expected 1.418M; Prior 1.423M
0830 - Housing starts for May: Expected 1.43M; Prior 1.465M
0830 - Export prices m/m for May: Expected 0.6%; Prior 3.3%
0830 - Import prices m/m for May: Expected 1%; Prior 1.9%

Space Exploration Technologies Corp (SPCX)

+9.72%

Gapping up ahead of its third session of trading. SpaceX formally announced an all-stock acquisition of Anysphere, the maker of AI coding assistant Cursor, in a deal valuing the company at $60 billion. Cursor will become a wholly owned SpaceX subsidiary, with the transaction expected to close in the third quarter of 2026 pending regulatory approval. Additionally, SpaceX announced that it will be issuing investor disclosures via its investor relations page and X account as opposed to using wire distribution services.

Robinhood Markets Inc (HOOD)

+2.44%

Trading higher premarket after announcing that it is reducing its full-time workforce by about 10%, expecting roughly $20 million in cash restructuring charges and an additional $8 million in stock-based compensation expenses related to the layoffs. The company also announced that June month-to-date average daily trading volumes reached record highs across equities, options, and prediction markets.

Qualcomm Inc (QCOM)

+6.43%

In an interview for CNBC’s “The Tech Download” podcast, CEO Cristiano Amon announced that Qualcomm is working on more than 40 AI-powered device designs for form factors such as smart jewelry, camera-equipped earbuds, pins, and watches. He expects AI agents and always-on wearable devices with environmental awareness to drive the next wave of consumer electronics. Separately, The Information reported that Qualcomm is in talks to acquire AI chip startup Tenstorrent in a deal valued between $8 billion and $10 billion. The move aligns with Qualcomm’s broader strategy to diversify beyond smartphone chips into high-growth areas like AI data center processors and autonomous vehicle computing.

NVIDIA Corp (NVDA)

-0.12%

The company is planning to raise at least $20 billion in debt in its first bond sale since the AI boom began, as per a filing with the SEC on Monday. Potential issuance could rise closer to a reported $25 billion. The move comes as major tech firms including Alphabet, Amazon, and Super Micro increasingly tap debt and equity markets to fund large-scale AI and infrastructure investments.

Hunstman Corp (HUN)

-6.23%

Gapping down after the chemical producer announced an all-stock merger with rival Olin (OLN). The combined company will be renamed OlinHuntsman, with the transaction expected to close in the first half of 2027.

Oil Stocks

-3.13%

Trading lower as a group in tandem with continued weakness in oil prices, which reached a three-month low on Thursday morning. US West Texas Intermediate futures dropped below the $80 level as of 4:00 AM ET, representing a 1.4% decline, while Brent crude futures sunk by 1.25%. Oil remains on watch as traders assess reports surrounding the memorandum of understanding between the US and Iran to end the conflict between the countries. The MOU is set to be signed in Switzerland on Friday, June 19.

USO, OXY, XOM, CVX, DVN, COP

Tesla Inc (TSLA)

-0.91%

On watch after Goldman Sachs weighed in on the company’s delivery prospects for Q2 2026. The analysts expects Tesla to report the delivery of 420,000 vehicles for the quarter, above both its prior forecast of 405,000 and the consensus estimate of 400,000. Goldman Sachs projects strong year-over-year growth in Europe and high-single-digit growth in China through May 2026, though it expects US delivery declines in the mid-teens.

Dave & Buster’s (PLAY)

-15.58%

Gapping down after its Q1 2026 earnings report. The company posted $559.2 million in quarterly revenue, marking a 1.5% year-over-year decline, with comparable store sales dropping by 5.4%. Net income dropped form $21.7 million to $5.7 million on a year-over-year basis. CEO Tarun Lal said that Dave & Buster’s “back-to-basics strategy is gaining clear traction”, though he acknowledged that results “fell short of expectations” for Q1 2026.

Palantir Technologies Inc (PLTR)

-0.45%

Wolfe Research upgraded the stock to Peer Perform from Underperform, citing its strong product-market fit and positioning as a leading enterprise AI platform. The firm highlighted Palantir’s accelerating growth metrics, strong demand for its Foundry and Gotham platforms, and a large addressable market supporting very high long-term revenue growth expectations.

Taiwan Semiconductor Manufacturing Co Ltd (TSM)

-0.08%

Aletheia Capital raised its price target on the stock to $700, citing expectations that the company will beat second-quarter 2026 revenue and margin guidance. The firm also forecast strong long-term capacity expansion in advanced-node wafers and highlighted CoWoS as the near-term packaging driver, with newer technologies like SoIC and CoPoS becoming more important in 2027–2028.

Alibaba Group Holding Ltd (BABA)

-2.22%

Trading lower premarket. The company has introduced its first family of AI models designed specifically for robots, marking its expansion beyond chatbot technology. The move reflects a broader shift in China’s AI industry toward agentic systems that can carry out tasks and enhance machine intelligence.

Apple Inc (AAPL)

-0.17%

The company is facing an investigation by Italy’s competition regulator over potential non-compliance with EU Digital Markets Act interoperability rules. The probe focuses on whether Apple unfairly restricts third-party cloud services from accessing system components and achieving parity with iCloud. This marks the first DMA-related investigation launched by the Italian watchdog.

SU Group Holdings Ltd (SUGP)

+118.06%

Gapping up after signing a distribution agreement with Germany’s GEZE, a global provider of door, window, and building safety technology. The deal expands SU Group’s smart building portfolio and is aimed at helping it pursue larger, more complex projects combining security, automation, and building access solutions. The company has a market capitalization of $1.3 million and a float of 470,000 shares, roughly 47.8% of which are sold short.