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

0830 - CPI y/y for February: Expected 2.9%; Prior 3%
0830 - CPI m/m for February: Expected 0.3%; Prior 0.5%
0830 - Core CPI y/y for February: Expected 3.2%; Prior 3.3%
0830 - Core CPI m/m for February: Expected 0.3%; Prior 0.4%
1400 - Federal budget balance: Expected -$308B; Prior -$129B

Semiconductors

+1.22%

On watch as a group after Reuters reported that Taiwan Semiconductor has approached Nvidia, AMD, and Broadcom to invest in a joint venture aimed at operating Intel’s foundry division. The reported venture, which could also involve Qualcomm, follows a request from the Trump administration to help revitalize the struggling U.S. chipmaker. The discussions are still in early stages.

TSM, NVDA, AMD, AVGO, QCOM, INTC

Tesla Inc (TSLA)

+3.40%

Continuing to trade higher premarket after gaining nearly 4% by the close of Tuesday’s session and rebounding from its more-than-15% drop on Monday. Wedbush analyst Dan Ives warned that CEO Elon Musk’s divided attention—particularly his involvement with the Department of Government Efficiency (DOGE) in the Trump administration—is unsustainable for Tesla’s shareholders. Ives remains bullish on the stock and maintained a $2 trillion valuation outlook but urged Musk to refocus on leading the company into its next growth phase. On Tuesday, Musk posted on social media that Tesla will double its US production over the next two years.

Alphabet Inc (GOOGL)

+1.04%

Trading higher premarket after unveiling Gemma 3, a new state-of-the-art open model series, with its largest 27B model running efficiently on a single H100 GPU. Gemma 3 outperforms Llama-405B, DeepSeek-V3, and o3-mini in preliminary human preference evaluations, enabling powerful yet lightweight AI applications.

Palantir Technologies Inc (PLTR)

+4.32%

Trading sharply higher after announcing its sixth-ever AIPCon, scheduled to take place on Thursday, March 13. According to the press release, the event will include announcements about new customers like Heineken and Walgreens and feature engagement from existing customers like AT&T, Delta, and Anduril.

Super Micro Computer Inc (SMCI)

+3.80%

Continuing to trade sharply higher premarket after gaining more than 10% by Tuesday’s close. The company announced new Intel Xeon 6-powered servers, offering up to 144 CPU cores and over 40% more memory bandwidth to enhance AI performance from data centers to the edge. These systems, optimized for real-time AI inferencing and embedded workloads, aim to drive smarter and more efficient applications across various industries. Over 21% of Super Micro shares are sold short.

ZIM Integrated Shipping Services Ltd (ZIM)

+4.93%

Trading sharply higher premarket following its Q4 2024 earnings report, with GAAP earnings of $4.66 per share and sales of $2.17 billion exceeding estimates of $3.49 and $2.06 billion, respectively. The company guided adjusted EBITDA between $1.6 billion and $2.2 billion for fiscal 2025, and guided adjusted EBIT between $350 million and $950 million for the same period.

Novo Nordisk A/S (NVO)

-4.95%

The company’s US-listed shares are trading sharply lower premarket after competitor Roche signed a deal worth up to $5.3 billion with Zealand Pharma to co-develop and commercialize petrelintide, an obesity drug candidate. This candidate will be developed and marketed as a standalone therapy and in combination with Roche’s CT-388. The announcement follows disappointing Phase 2 trial results for Novo Nordisk’s CagriSema weight loss treatment, which showed less efficacy than its already-weak Phase 1 results.

Robinhood Markets Inc (HOOD)

+3.28%

Trading higher premarket despite a price target decrease from Deutsche Bank. The analyst lowered its target for Robinhood’s stock from $75 to $61, though they maintained a Buy rating. The stock traded higher yesterday, rebounding from a nearly-20% decline on Monday, after announcing that its assets under custody for February 2025 grew 58% year-over-year.

Nuclear and Quantum Stocks

+3.43%

Trading higher as a group with notable premarket volume. Reuters reported that major companies including Amazon, Google, and Occidental Petroleum have signed a pledge to support tripling global nuclear energy capacity by 2050, aiming to enhance energy security and combat climate change. Many tickers in this group have short floats of greater than 10%. Quantum tickers are especially on watch ahead of a premarket earnings report from D-Wave Quantum on Thursday, March 12.

SMR, OKLO, IONQ, QUBT, QBTS, NNE, RGTI

iRobot Corp Inc (IRBT)

-28.52%

Gapping down after its Q4 2024 earnings report. Adjusted losses of $2.06 per share underperformed expectations of a $1.73-per-share loss, though sales of $172.3 million beat estimates of $171 million. The company announced that its board of directors have initiated a strategic review to look into refinancing and a potential sale.

Stitch Fix Inc (SFIX)

+13.48%

Gapping up after its earnings report for fiscal Q2 2025. The company reported GAAP losses of $0.05, narrower than the expected loss of $0.11, with sales of $312.1 million handily beating estimates of $298.04 million. For Q3 2025, Stitch Fix guided revenue between $311 million and $316 million, above estimates of $278.675 million.