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

1100 - Consumer inflation expectations for May: Prior 3.64%

Marvell Technology Inc (MRVL)

+7.28%

The company is set to be added to the S&P 500 this month and will begin trading with the index as of the open on June 22. Flex (FLEX) will be joining the index alongside Marvell; both Pool and Campbell’s are to be removed from the index at that time.

Apple Inc (AAPL)

+0.03%

On watch ahead of the keynote speech at its WWDC 2026 event, set to begin at 1:00 PM ET on Monday, June 8. The company is expected to announce new updates to iOS, iPadOS, and other operating systems at the event. Spectators are also awaiting possible announcements related to the company’s long-awaited AI integration. This event marks the final WWDC keynote during Tim Cook’s tenure as CEO; his successor, John Ternus, will officially step into the role in September 2026.

Oil and Energy Stocks

+4.04%

Trading higher as a group in tandem with price spikes in Brent crude and WTI oil futures. Iran and Israel have reportedly struck one another in recent hours. US President Donald Trump asked both countries to “immediately stop ‘shooting’” in a Truth Social post, later posting that both Iran and Israel are interested in an “immediate” ceasefire deal. Separately, OPEC+ hiked its targets by 188,000 bpd from July onwards in its fourth oil output hike agreement since the Strait of Hormuz closed earlier this year. Around 7:25 AM ET on Monday, Fars reported that Iran announced that it has ceased military operations against Israel.

USO, BATL, CVX, XOM, DVN, COP, OXY, RE, EONR, TPET

NVIDIA Corp (NVDA)

+1.84%

The company announced a multi-year partnership with SK hynix to co-develop next-generation memory technologies for Nvidia’s future AI platforms, including Vera Rubin supercomputers, Vera CPUs, RTX Spark PCs, and Jetson Thor robotics systems. The collaboration also expands into AI-driven semiconductor design and manufacturing, with SK Hynix using Nvidia’s CUDA-X, PhysicsNeMo, and Omniverse digital twin technologies to accelerate chip development. Nvidia CEO Jensen Huang also met with Samsung Electronics’ semiconductor chief Jun Young-hyun in Seoul to discuss expanding cooperation with Nvidia on next-generation semiconductor technologies.

Alphabet and Space Stocks

+1.46%

On Friday afternoon, SpaceX announced a multi-year cloud services agreement with Google. The terms of the agreement will see Google pay approximately $920 million per month from October 2026 through June 2029 for computing capacity. The deal includes access to roughly 110,000 Nvidia GPUs along with CPUs, memory, and related hardware. Capacity is set to gradually ramp up before full payments begin. SpaceX is set to make its debut on the Nasdaq via IPO on Friday, June 12.

GOOGL, ASTS, RKLB, LUNR, SIDU, DXYZ

Memory and Chip Stocks

+4.33%

Trading sharply higher as a group following a sector-wide decline on Friday. The tech-heavy Nasdaq Composite Index closed 4.2% lower on Friday in its worst single-session decline since April of 2025, while the prominent iShares Semiconductor ETF (SOXX) dropped by more than 10%. Last week’s chip and memory decline was attributed in part to poorly-received guidance from Broadcom during its post-market earnings report on Wednesday.

MU, SNDK, WDC, STX, INTC, SMCI, AVGO

Crypto Stocks

+3.56%

Trading sharply higher as a group in tandem with a rebound in Bitcoin. The cryptocurrency sunk below the key $60,000 level on Friday and consolidated on Saturday before recovering on Sunday, opening around $60,800 and hitting session highs of $64,200. As of Monday morning at 7:15 AM ET, Bitcoin is trading near $63,300.

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

Cerebras Systems Inc (CBRS)

+4.75%

Gapping up after UBS initiated coverage of the stock with a Buy rating and a $300 price target, citing the performance advantages of its Wafer-Scale Engine chip in high-end AI inference workloads and strong early commercial traction. UBS highlighted Cerebras' existing shipments to OpenAI under a prepaid agreement, its expanding collaboration with Amazon, and additional customer opportunities. The analyst values the company as a future large-scale hardware supplier with projected 2029 revenue of about $11 billion.

Tesla Inc (TSLA)

+1.69%

The company has expanded its Robotaxi service to cover the entire Austin metropolitan area, marking a major scale-up of its geofenced autonomous ride-hailing operations to more than 4,000 square miles. Tesla also announced that “unsupervised” Robotaxi service, where no safety driver is present, is now active across the region.

Meta Platforms Inc (META)

+0.12%

The stock dropped sharply on Friday afternoon after the Financial Times reported that the company is exploring a stock offering worth tens of billions of dollars to help finance its massive AI infrastructure buildout. The reported offering comes as planned AI-related capital expenditures are set to reach as much as $145 billion this year. The discussions reportedly gained momentum after strong investor demand for Alphabet's recent $85 billion equity raise. Meta has not yet hired banks and could still pursue alternative financing options.

Advanced Micro Devices Inc (AMD)

+2.81%

On watch after announcing plans to invest up to £2 billion in the UK over the next five years to expand AI infrastructure, research collaboration, and access to advanced computing resources supporting the country’s long-term AI strategy. CEO Lisa Su said the initiative will help strengthen the UK’s AI ecosystem by partnering with government, academia, and industry to accelerate innovation, scientific discovery, and workforce development.

Novo Nordisk A/S (NVO)

-0.86%

In a conversation with Bloomberg, CEO Mike Doustdar said his company is exploring how GLP-1 drugs like semaglutide could expand beyond obesity and diabetes into broader areas such as longevity and aesthetic medicine. He pointed to early research suggesting potential benefits for organ protection and inflammation. Novo Nordisk is also investigating future applications in areas like joint pain, skincare, and hair loss.

Fuelcell Energy Inc (FCEL)

+5.60%

On watch after its Q2 2026 earnings report. Revenue was reported at $35.6 million, representing a 5% year-over-year decline, while backlog of $1.14 billion represented a 9.9% drop. The company’s sales pipeline expanded by 267% on a sequential basis to 4 GW. Fuelcell announced a planned expansion to its Torrington facility that will allow it to support up to 500 MW of annualized production.

American Battery Technology Co (ABAT)

+27.17%

Gapping up after winning an appeal and having a $115 million U.S. Department of Energy grant reinstated for its Tonopah Flats Lithium Project refinery; the grant was previously terminated in October 2025. The funding supports Phase 1 construction of a commercial-scale facility designed to produce 5,000 tonnes of battery-grade lithium hydroxide annually. No changes to the original grant amount or project milestones have been made. Approximately 17% of American Battery’s float is sold short.