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

0830 - PPI m/m for April: Expected 0.5%; Prior 0.5%
0830 - PPI y/y for April: Expected 4.8%; Prior 4%
0830 - Core PPI m/m for April: Expected 0.3%; Prior 0.1%
0830 - Core PPI y/y for April: Expected 4.3%; Prior 3.8%
1130 - Fed’s Collins speaks
1315 - Fed’s Kashkari speaks

NVIDIA Corp (NVDA)

+2.45%

Poised to open at new all-time highs after US President Donald Trump announced that CEO Jensen Huang is travelling with the US delegation to China; reporting from earlier this week indicated that Huang was not invited and would not be attending. Additionally, Bank of America raised its price target on the stock to $320 from $300 and maintained a Buy rating. The analyst attributed the rating to multiple near-term catalysts including fiscal Q1 2027 earnings on May 20, Computex, the second-half launch of the Vera Rubin platform, and the potential for higher shareholder returns.

Alibaba Group Holding Ltd (BABA)

-2.95%

Trading lower premarket after its Q1 2026 earnings report, with revenue of $35.2 billion and adjusted earnings of $0.09 per share missing estimates of $35.8 billion and $0.83, respectively. Cloud Intelligence revenue grew by 38% year-over-year, while Quick Commerce revenue grew by 57%. The company reported its eleventh straight quarter of triple-digit year-over-year growth in its AI-Related Cloud Product revenue category.

Nebius Group NV (NBIS)

+12.40%

Gapping up after its Q1 2026 earnings report. Adjusted net losses were reported at $100.3 million, narrower than the expected loss of $176 million, with revenue of $399 million beating estimates of $317 million. The company projected revenue between $3 billion and $4 billion for FY 2026. Nebius also hiked its contracted power outlook to 4 GW by the end of 2026, noting that several of its sites are in the “active construction phase”.

Intel Corp (INTC)

+2.78%

Trading higher premarket after announcing that it will be powering Google’s newly-announced Googlebook laptops, which are designed for Gemini Intelligence. A post from Intel’s X account indicated that the company worked to build the Googlebook product alongside Google.

Micron and Qualcomm

+4.77%

Both stocks are rebounding after pulling back by 3.7% and 11%, respectively, on Tuesday. In a Truth Social post shared late on Tuesday evening, US President Donald Trump declared that both companies’ CEOs are accompanying him on his visit to China.

MU, QCOM

Tesla Inc (TSLA)

+1.34%

Barclays maintained an Equal Weight rating and $360 price target on the stock, highlighting the company’s decision to expand planned battery capacity at its Gigafactory Berlin-Brandenburg to 18 GWh from 8 GWh as a potential sign of stronger European demand. The expanded facility is expected to begin production in 2027 and could supply enough batteries to support more than 250,000 Tesla Model Y vehicles annually.

Marvell Technology Inc (MRVL)

+2.60%

Trading higher premarket after Bank of America raised its price target on the stock to $200 from $125 and reiterated a Buy rating. The price target hike was attributed to an uptick in the outlook for AI networking demand, particularly in Ethernet transceivers and co-packaged optics (CPO) through 2030. BofA estimates Marvell could capture more than $1.2 billion in additional DSP revenue by 2028 while also benefiting from exposure to TIAs, drivers, and silicon photonics through partners such as Celestial AI, reinforcing Marvell’s strong position in the rapidly expanding AI connectivity market.

Oklo Inc (OKLO)

+0.84%

On watch after its Q1 2026 earnings report. Net losses were reported at $33.1 million, while cash used in investing activities came in at $359 million year-to-date. As of the end of the quarter, Oklo held $2.5 billion in cash and marketable securities.

Wix.Com Ltd (WIX)

-15.33%

Gapping down after its Q1 2026 earnings report. The company posted revenue of $541.2 million and earnings of $0.68 per share, missing estimates of $544 million and $1.22, respectively. Wix maintained its prior FY 2026 outlook, suggesting year-over-year growth in the mid-teens percentage for both revenue and bookings.

EchoStar Corp (SATS)

+4.17%

Trading sharply higher premarket after the Federal Communications Commission approved a $40 billion spectrum deal in which the company can sell wireless spectrum to AT&T and SpaceX to expand 5G and satellite connectivity in the US. AT&T will acquire 50 MHz of spectrum for its 5G network while SpaceX will receive 65 MHz to enhance Starlink’s device-to-device services. The deal also includes a hybrid MVNO arrangement to support Boost Mobile’s continued operations.

CoreWeave (CRWV)

+4.21%

Nvidia disclosed that the charitable foundation of Jensen Huang and Lori Huang signed an agreement with CoreWeave to purchase GPU compute time, which will be donated to universities and nonprofit research institutions for open science and AI research. The move further expands access to high-performance AI infrastructure while strengthening CoreWeave’s role as a major Nvidia-powered compute platform.

Red Cat Holdings Inc (RCAT)

-13.55%

Gapping down after announcing a $200 million public stock offering. The company noted that it expects to include a 30-day option for the offering’s underwriters to purchase an additional $30 million in Red Cat stock. Approximately 27% of the stock’s float is sold short.

Eos Energy Enterprises Inc (EOSE)

+31.23%

Gapping up after its Q1 2026 earnings report, during which the company announced the formation of Frontier Power USA alongside Cerberus Capital Management. The joint venture will deploy Eos’ zinc-based long-duration battery systems, backed by a 2 GWh production capacity reservation and an initial $100 million investment from Cerberus. The partnership also includes a $1.5 billion performance insurance framework and a planned $150 million rights offering by Eos. For Q1 2026, Eos posted better-than-expected revenue of $57 million and an unexpected profit of $0.12 per share.