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

0910 - Fed’s Jefferson speaks
1740 - Fed’s Daly speaks

Super Micro Computer Inc (SMCI)

+14.17%

Saudi Arabia’s DataVolt has entered into a $20 billion multi-year partnership with Super Micro. The partnership will allow DataVolt to accelerate the deployment of ultra-dense GPU platforms and rack systems for hyperscale AI campuses in Saudi Arabia and the U.S. Approximately 21.3% of Super Micro’s float is sold short.

Tesla Inc (TSLA)

+2.36%

Trading higher premarket after Reuters reported that the company is set to resume shipping components from China to the U.S. for its Cybercab and Semi production following a recent tariff truce between the two countries. The rollback of tariffs eases earlier disruptions caused by a 145% import duty, allowing Tesla to move forward with trial production in October. The company aims to reach mass production for the two models by 2026.

NVIDIA Corp and Advanced Micro Devices

+3.03%

Both companies announced collaborations with HUMAIN, a Saudi Arabian AI firm, on Tuesday. Nvidia has entered into a strategic partnership with the company to build “AI factories of the future” within Saudi Arabia, while AMD entered into a $10 billion, five-year partnership with HUMAIN involving the deployment of 500MW of AI compute. The announcements aligned with President Donald Trump’s Middle East trip and were announced during the US-Saudi Investment Forum.

NVDA, AMD

Alibaba Group Holding Ltd (BABA)

+1.79%

Morgan Stanley issued a positive note on the stock ahead of its premarket earnings report on Thursday, May 15, calling it a “Catalyst Driven Idea”. The note highlighted strong AI inference demand in China and Alibaba’s dual role as both an AI enabler through its cloud business and an adopter through its applications. The analyst expects AliCloud to benefit from increased external demand and sees cloud revenue growth as a key catalyst, maintaining an Overweight rating with a $180 price target.

Crypto Stocks

+0.56%

On watch as a group after President Donald Trump called himself a “big fan of crypto” on Wednesday morning. Bitcoin is trading near the $104,000 level as of 7:45 AM ET on Wednesday and is relatively flat on the session. Separately, Rosenblatt raised its price target for Coinbase from $260 to $300 ahead of its addition to the S&P 500, effective May 19.

COIN, MSTR, MARA, IBIT, ETHE, CLSK, HUT, RIOT, IREN, BITF, BTBT, BTDR, HIVE

UnitedHealth Group Inc (UNH)

+1.78%

Trading marginally higher with notable premarket volume after selling off on Tuesday. The stock dropped by nearly 18% and closed near session lows after CEO Andrew Witty announced his resignation; former UnitedHealth CEO Stephen J. Hemsley will be returning to the position to replace Witty. The company also announced the suspension of its FY25 guidance.

eToro Group (ETOR)

0.00%

The company plans to raise around $620 million in an upsized U.S. IPO by pricing its shares at $52, above the initial range of $46 to $50. The Israel-based trading platform will list approximately 11.92 million shares on the Nasdaq under the ticker "ETOR" starting Wednesday, May 14.

Novo Nordisk A/S (NVO)

+2.19%

The company’s US-listed shares are trading higher premarket after it signed a deal worth up to $2.2 billion with Septerna to co-develop next-generation oral GLP-1 drugs for obesity treatment. Septerna will receive over $200 million upfront and in near-term milestones as part of the agreement.

Nu Holdings Ltd (NU)

-3.42%

Gapping down after its Q1 2025 earnings report. The company reported earnings of $0.12 per share and sales of $3.2 billion, narrowly missing estimates of $0.13 and $3.23 billion, respectively. Monthly Average Revenue per Active Customer grew by 17% year-over-year and 5% quarter-over-year. Net interest grew by 34% year-over-year to reach a record high of $1.8 billion.

American Eagle Outfitters Inc (AEO)

-11.64%

Gapping down after reporting preliminary Q1 2025 earnings and withdrawing its guide for fiscal 2025. The company expects revenue of $1.1 billion for the quarte, which would represent a year-over-year decline of approximately 5%. Comparable sales are expected to drop by 3%, and declines are also expected in both the American Eagle and Aerie brands. American Eagle also expects a $85 million operating loss, attributed to stronger-than-expected Q1 promotional activity and an inventory charge.

Innovative Eyewear Inc (LUCY)

+69.19%

Gapping up after its Q1 2025 earnings report. The company reported a smaller-than-expected loss per share, though sales of $454,500 missed estimates of $1 million. The stock, which has rallied in the past, has a float of 1.19 million shares; approximately 15% of this float is sold short.