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

0945 - Chicago PMI for June: Expected 43; Prior 40.5
1000 - Fed’s Bostic speaks
1030 - Dallas Fed manufacturing index for June: Expected -14; Prior -15.3
1300 - Fed’s Goolsbee speaks

Big Tech and Semiconductors

+1.97%

Trading higher as a group after Canada reversed its decision to implement a digital services tax just before the first payments were due, aiming to restart trade negotiations with the U.S. after President Trump threatened to cut off talks in retaliation. The move marks a significant policy shift by Ottawa and reflects efforts to reach a broader economic and security agreement by the July 21, 2025, G7 deadline.

AMZN, MSFT, ARM, SMCI, INTC, MU, MRVL, AVGO

Alphabet Inc (GOOGL)

+1.27%

Trading higher premarket after the Information reported that OpenAI has started renting Google’s in-house tensor processing units (TPUs) through Google Cloud to power ChatGPT and other products. This marks OpenAI’s first significant move away from using Nvidia chips and Microsoft’s infrastructure. The deal reflects Google’s broader push to commercialize its AI hardware and expand its cloud business by attracting high-profile clients like OpenAI.

Palantir Technologies Inc (PLTR)

+4.93%

Rebounding following an abrupt selloff in the last ten minutes of Friday’s session that saw the stock close more than 9% lower on the day. On Monday morning, Palantir announced a strategic partnership with Accenture Federal Services, naming Accenture Federal as a preferred implementation partner to deliver AI-powered solutions to U.S. federal government agencies. The collaboration will combine Palantir’s platforms with Accenture’s federal expertise, training 1,000 data and AI professionals to enhance mission-critical operations, decision-making, and automation across federal systems.

Tesla Inc (TSLA)

-0.81%

On watch ahead of the release of its Q2 2025 deliveries, expected on the morning of Wednesday, July 2. Analysts expect the company to post deliveries of just under 400,000 vehicles, which would represent a year-over-year decline of roughly 10%. Tesla is facing a sharp sales decline in Canada, with Q1 2025 sales in Quebec alone declining by 87% year-over-year, amid political controversy and reduced EV incentives.

NVIDIA Corp (NVDA)

+0.57%

The Financial Times reported that insider at the company have sold over $1 billion in stock over the past year, with more than $500 million sold in June alone. CEO Jensen Huang resumed stock sales last week as Nvidia's shares hit record highs and the company regained its position as the world’s most valuable company. These recent share sales, and Nvidia’s run to new highs, have been attributed in part to optimism around AI advancements.

Moderna Inc (MRNA)

+5.49%

Gapping up after the company’s Phase 3 study showed that its mRNA-1010 flu vaccine had 26.6% greater relative vaccine efficacy compared to a standard-dose seasonal influenza vaccine in adults. The results suggest mRNA-1010 could offer improved protection against influenza illness. Approximately 18.6% of the stock’s float is sold short.

Meta Platforms Inc (META)

+1.96%

The Information reported that the company is hiring Shengjia Zhao, Jiahui Yu, Shuchao Bi, and Hongyu Ren, all AI researchers at OpenAI. This move underscores Meta’s ongoing push to strengthen its AI research team amid intensifying competition in the artificial intelligence space. The company is also on watch after President Donald Trump indicated that he knows a group of “very wealthy people” who are prepared to buy social media platform TikTok. Trump did not reveal the names of the individuals within this group, but said that he will be able to name them in roughly two weeks.

Apple Inc (AAPL)

+0.68%

On watch following a note from supply chain analyst Ming-Chi Kuo. Kuo commented that Apple has the potential to surpass Meta’s Ray-Ban smart glasses but has been slow to act in this market, despite working on multiple smart glasses projects expected from 2027 onward. He is optimistic that Apple’s renewed focus on hardware innovation will benefit the supply chain and could significantly impact the wearable tech landscape.

Zscaler Inc (ZS)

-3.66%

Trading sharply lower premarket after announcing a $1.5 billion convertible senior notes offering. The notes, which are due 2028, include an option for initial purchasers to buy an additional $225 million, subject to market conditions. The company intends to use the proceeds for capped call transactions and general corporate purposes, including working capital, capital expenditures, and potential acquisitions.

Robinhood Markets Inc (HOOD)

+2.55%

On watch ahead of the company’s “To Catch a Token” event, which is set to begin livestreaming at 11:00 AM ET. According to Robinhood’s website, the event will focus on the “future of crypto” and feature the company’s “biggest crypto announcements of the year". CEO Vlad Tenev is set to speak at the event, as are several executives at Robinhood Crypto.

Circle Internet Group Inc (CRCL)

-3.45%

Continuing to trade lower premarket after declining nearly 25% during the week ending Friday, June 27. Analysts from JPMorgan, Oppenheimer, and Goldman Sachs issued coverage on the stock; JPMorgan assigned an Underweight rating and $80 price target to the stock, while Oppenheimer gave Circle a Perform rating and Goldman Sachs assigned a Neutral rating. The stock underwent a multi-week rally immediately following its June 5 IPO, aided by a variety of positive catalysts in the stablecoin space.

Tempus AI Inc (TEM)

-3.41%

Trading lower premarket after announcing plans to raise $400 million through convertible senior notes due 2030, using proceeds to repay approximately $275 million in term loans and fund capped call hedges to minimize dilution. The notes are convertible into stock or cash, with the offering including a potential $60 million over-allotment option.