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

Intel Corp (INTC)

+3.70%

Trading sharply higher premarket after appointing former SK Hynix CEO Seok-Hee Lee as Executive Vice President of its foundry business. According to Intel’s announcement, Lee will report directly to CEO Lip-Bu Tan and lead advanced packaging efforts. The announcement comes as the company continues to center and grow its burgeoning Intel Foundry segment.

Apple Inc (AAPL)

-0.91%

Trading lower premarket following a downgrade from KGI Securities. The analyst cut its rating on Apple from Outperform to Neutral and assigned a $315 price target for the stock.

Robinhood Markets Inc (HOOD)

-2.45%

Trading lower premarket after announcing plans to raise $2 billion through a private offering of convertible senior notes due 2029, with an additional $200 million option for buyers. The company expects to use about $300 million for share repurchases and will also buy capped calls designed to limit shareholder dilution at least up to a 125% premium.

Space Exploration Technologies Corp (SPCX)

-4.66%

KeyBanc initiated coverage on the stock with a Sector Weight rating, citing the company's dominant position in launch services and space-related markets, supported by its vertically integrated model and long-term growth opportunities. The firm highlighted Starlink's expanding profitability, upcoming enhancements from Starship and Starlink V3 satellites, and AI-related opportunities such as recent contracts and potential orbital data centers; however, the analyst believes these prospects are already largely reflected in the current valuation.

Alphabet Inc (GOOGL)

-1.77%

On Friday, senior Google DeepMind researcher John Jumper announced that he is leaving the company to join Anthropic. The move comes shortly after another senior Google engineering executive, Noam Shazeer, departed for OpenAI, highlighting continued talent competition in the AI sector.

Oil and Energy Stocks

-0.52%

On watch as a group after officials from US and Iran agreed on a path to arrive at a deal within the next sixty days, as confirmed by mediating countries. Maritime intelligence firm Windward reported that shipping through the Strait of Hormuz stalled over the weekend after Iran announced another closure of the key oil chokepoint, with traffic dropping sharply from over 21 vessels to 12 in a day. Analysts noted reduced and more opaque activity, often involving AIS “dark” ships, which is keeping flows well below normal levels for a route that typically handles about 20% of global oil trade.

USO, OXY, XOM, DVN, CVX, COP

Memory Stocks

+4.32%

Trading sharply higher as a group, driven in part by anticipation for Micron’s earnings report on Wednesday, June 24 (ETA 4:00 PM ET). Analysts are looking for the memory giant to post earnings of $19.54 per share and revenue of $34.24 billion. Bernstein and Needham raised their price targets on Micron to $1,300 and $1,550, respectively, as of Monday morning.

MU, STX, WDC, SNDK

Tesla Inc (TSLA)

-1.31%

Trading lower premarket after Jefferies issued a note on the stock, assigning a $375 price target and maintaining a Neutral rating. The analyst warned of a structural risk where increasing investor expectations of a potential merger with SpaceX could cause Tesla’s stock to trade more like a proxy for SpaceX than based on its own fundamentals. Jefferies argues this perception shift may distort valuation dynamics and create a disconnect between Tesla’s share price and its underlying operating performance.

USA Rare Earth and MP Materials)

+2.21%

On watch as a pair after both companies, along with several other US entities, were added to China’s export control list. This move targets companies tied to the rare earth supply chain, including MP Materials., the only active rare earth mine in the US. China framed the action as a national security measure in response to what it called “malicious” US actions.

USAR, MP

Meta Platforms Inc (META)

-0.99%

Bloomberg reported that Bloomberg reports that the company has struck agreements to secure data center capacity from Crusoe facilities in Childress, Texas, and Warrenton, Missouri. The deals reportedly total about 1.6 gigawatts of capacity, supporting Meta’s expanding AI infrastructure needs. Separately, Reuters reported that Meta has lobbied US lawmakers to grant legal immunity from child-harm lawsuits related to social media products like Instagram. The proposal would shield online platforms from state-law liability tied to children’s online safety and could preempt state regulations.

Amazon.com Inc (AMZN)

-0.78%

On watch after the company said its India operations have reached a “water positive” milestone, meaning they now return more water to communities than they consume across facilities including data centers, offices, and warehouses. The company also stated it does not use water for cooling its Indian data centers and aims to achieve global water positivity in its data center operations by 2030.

ASML Holding NV (ASML)

+0.52%

On Thursday evening, Bloomberg reported that US Commerce Secretary Howard Lutnick raised concerns with ASML that one of its advanced EUV lithography systems may have reached China, despite export restrictions. ASML denied the claims, stating it has never shipped an EUV machine or any EUV-specific components to China.

NVIDIA Corp (NVDA)

-0.17%

The company’s grip on AI infrastructure has been described by a Wall Street Journal as "Jensen jail”. Some cloud providers reportedly fear they could lose future GPU allocations if they move away from Nvidia's full-stack ecosystem of chips, networking, software, and financing relationships. The WSJ article also highlighted Google’s promotion of TPUs as an alternative, backing multibillion-dollar TPU projects and partnerships, with users such as Citadel Securities reporting up to 30% lower costs and as much as 4x faster performance for certain workloads.

Credo Technology Group Holdings (CRDO)

+3.91%

Gapping up after Evercore ISI initiated coverage on the stock with an Outperform rating and a $325 price target. The analyst argued that the company is evolving from a copper-based AI connectivity leader into a broader copper and optical networking play through products such as optical DSPs, silicon photonics, microLED cables, and ZFOptics modules. Evercore expects Credo's addressable market to expand by 10-20x, forecasts strong growth in its AEC business and optical portfolio, and projects more than $13 in 2028 EPS.

Getty Images Holdings Inc (GETY)

+118.16%

Gapping up after signing a multi-year agreement with OpenAI that will integrate Getty's licensed image library into ChatGPT search and discovery experiences, allowing Getty content to appear in visual responses. Financial terms were not disclosed. The stock has a market capitalization of $253 million and a float of 85 million shares, just under 19% of which are sold short.