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

0830 - Fed’s Barkin speaks
0830 - Initial jobless claims: Expected 235k; Prior 240k
1000 - Fed’s Bowman speaks
1310 - Fed’s Daly speaks

Broadcom Inc (AVGO)

-14.23%

The company posted revenue of $22.187 billion and adjusted earnings of $2.44 per share for Q2 2026, beating estimates of $22.13 and $2.39, respectively. Semiconductor Solutions revenue grew by 79% year-over-year to $15.009 billion, above estimates of $14.65 billion; AI Semiconductor revenue of $10.8 billion, meanwhile, missed estimates despite representing 143% growth. Broadcom projected Q3 revenue of roughly $29.4 billion, compared to estimates that ranged from $28 billion to $30 billion. The company expects AI Semiconductor revenue to come in at $16 billion for the quarter, below buy-side estimates of $18 billion.

CrowdStrike Holdings Inc (CRWD)

-10.65%

Gapping down after its Q1 2027 earnings report, during which the company announced a 4-for-1 stock split. Revenue of $1.39 billion and adjusted earnings of $1.10 per share narrowly beat estimates of $1.38 billion and $1.07, respectively. Annual recurring revenue grew by 24% year-over-year to $5.51 billion, with net new ARR growing by 32% to $255.8 million. The company projected revenue between $5.915 billion and $5.959 billion for FY 2027, compared to estimates of $5.9 billion.

Tesla and Space Stocks

-2.02%

On watch following an SEC filing related to the hotly-anticipated IPO of SpaceX, which is set to debut on the Nasdaq on June 12. The Elon Musk-led company has set its IPO price at $135 per share, aiming to raise approximately $75 billion through the sale of 555.6 million shares; an additional $11.2 billion is available through an underwriters' option. At that price, the company would be valued at about $1.77 trillion, surpassing the valuation of fellow Musk company Tesla and ranking as the seventh-largest U.S. company.

TSLA, ASTS, NASA, LUNR, DXYZ, SIDU

Quantinuum Inc (QNT)

0.00%

The quantum company is set to make its debut on the Nasdaq via initial public offering on Thursday, June 4. On Wednesday, the company announced that it raised $1.68 billion through the offering. Shares of the stock are priced at $60 each, above the price range of $53-$55. According to the company’s filing, Honeywell - from which Quantinuum has spun off - will keep just under 50% of combined voting power following the completion of the offering.

Crypto Stocks

-1.02%

Trading lower as a group in tandem with continued weakness in Bitcoin, which broke below $65,000 to trade at its lowest level since February 2026. Data from CoinGlass indicates that over $1 billion in crypto positions were liquidated in a twenty-four hour period as of Thursday morning; the vast majority of the liquidations impacted long positions. Bitcoin is trading just above $62,300 as of 6:50 AM ET on Thursday.

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

Meta Platforms and Alphabet

-0.33%

Both companies are on watch after the FCC announced plans to strengthen oversight of submarine communications cables that carry roughly 99% of international internet traffic. The agency intends to do this by introducing new licensing requirements for critical cable equipment and making it more difficult for Chinese companies to participate in the sector. The proposed rules could benefit US tech firms like Google and Meta by accelerating approvals for new undersea cable projects needed to support growing global internet demand. Separately, the Information reported that Meta is considering pricing its upcoming consumer AI agent, Hatch, at as much as $199.99 per month, with a Hatch Plus tier offering 5–10 times more daily usage capacity than the free version.

META, GOOGL

C3.ai Inc (AI)

+1.77%

On watch after its Q4 2026 earnings report. Quarterly revenue came in at $51.6 million, compared to $108.7 million in the prior quarter; both of the company’s business segments also experienced substantial year-over-year revenue declines. C3 reported $250.26 million in revenue for FY 2026, below the $389.05 million reported in FY 2025. CEO Thomas Siebel - who recently returned to the company following a brief exit amid health concerns - described the company’s “sales performance over recent quarters” as “entirely unacceptable, to the point of surreal”.

Amazon Inc (AMZN)

+0.96%

The company announced a €10 billion investment to expand and modernize its European fulfillment network, including the deployment of its next-generation AI-powered Proteus robot in the first half of 2027. Amazon is also accelerating automation and delivery initiatives with STARK robotic systems at 15 European sites by 2027, more than 25 new sub-same-day delivery locations across Europe this year, and a planned Alexa+ expansion to 10 additional countries in 2027.

Oil and Energy Stocks

-2.24%

Trading lower as a group as US President Donald Trump continues to suggest that the conflict between the US and Iran is nearing an end. In comments made from the Oval Office on Wednesday evening, Trump said that Iran is close to signing a deal to end the conflict “in theory” and indicated that Iran “will agree to no nuclear weapon” should they sign a deal. Trump then shared a Truth Social post on Thursday morning in which he said that the US is “right in the middle of my final negotiations” to end the war. Also on Thursday morning, Israeli military forces reportedly withdrew from a town in South Lebanon.

USO, OXY, CVX, DVN, XOM

Five Below Inc (FIVE)

-10.72%

The company posted Q1 2026 sales of $1.29 billion and adjusted EPS of $2.22, beating estimates of $1.23 billion and $2.22, respectively. Comparable sales grew by 22.7% year-over-year. Five Below projected net sales between $5.4 billion and $5.48 billion for FY 2026, above estimates of $5.36 billion; comparable sales are expected to grow by 6% to 8% for the year. The company’s Q2 2026 net sales outlook similarly beat estimates.

International Business Machines Corp (IBM)

-1.84%

The company partnered up with Google Cloud on a newly-launched Google Cloud Practice. The product combines IBM’s consulting expertise and AI tools with Google Cloud’s Gemini Enterprise Agent Platform to help enterprises deploy AI and modernize hybrid IT environments. The partnership will leverage thousands of Google Cloud-certified IBM professionals and develop industry-specific AI agents across sectors such as banking, government, retail, telecom, energy, insurance, and life sciences.

UnitedHealth Group Inc (UNH)

+2.79%

Trading higher premarket after BofA Securities upgraded the stock from Neutral to Buy and hiked its price target from $420 to $450. The analyst attributed the move to improving medical cost trends and favorable near-term data that support a strong 2Q earnings outlook and attractive risk-reward. They also argued that continued moderation in utilization could boost earnings and position UnitedHealth to lead a broader managed care sector rally.

Intel Corp (INTC)

-3.60%

The company has entered into a partnership with Foxconn to jointly develop next-generation AI infrastructure and computing platforms, combining Intel’s chip technology with Foxconn’s manufacturing and systems expertise. The collaboration will focus on AI data center equipment such as server racks using Xeon processors and AI accelerators, as well as advanced interconnects, cooling, and energy efficiency solutions. Applications for the partnership could include factories, smart cities, and robotics.

Ciena Corp (CIEN)

-5.54%

Gapping down after its Q2 2026 earnings report. Revenue grew by 40% year-over-year to $1.57 billion, while adjusted EPS grew by 290% to $1.64. The company projected Q3 2026 revenue of $1.625 billion, plus or minus $50 million, and raised its revenue projection for FY 2026 to $6.2 billion-$6.4 billion.

Solidion Technology Inc (STI)

+201.93%

Gapping up after announcing a patented space battery platform designed for satellites, lunar missions, and potential low-Earth-orbit AI data centers, featuring graphene-based thermal regulation and non-flammable solid electrolytes. The system targets energy densities above 380 Wh/kg across multiple solid-state chemistries and has demonstrated over 500 charge cycles at -40°C. The stock, which has rallied in the past, has a market capitalization of $39 million and a float of 2.47 million shares.