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

0830 - Retail sales m/m for April: Expected 0.5%; Prior 1.7%
0830 - Initial jobless claims: Expected 205k; Prior 200k
0830 - Import prices m/m for April: Expected 1%; Prior 0.8%
0830 - Export prices m/m for April: Expected 1.1%; Prior 1.6%
1000 - Business inventories m/m for March: Expected 0.9%; Prior 0.4%
1300 - Fed’s Hammack speaks
1745 - Fed’s Williams speaks

Cisco Systems Inc (CSCO)

+17.13%

Gapping up after its Q3 2026 earnings report, with revenue of $15.8 billion and adjusted earnings of $1.06 per share beating estimates of $15.54 billion and $1.04, respectively. Product orders grew by 35% year-over-year, with networking product orders growing by 50%. The company projected FY 2026 revenue between $62.8 billion and $63 billion, outpacing estimates of $61.6 billion; its Q4 2026 revenue outlook of $16.7 billion-$16.9 billion similarly outpaced estimates of $15.82 billion. Cisco also announced that it is reducing its workforce by less than 5%.

NVIDIA Corp (NVDA)

+1.75%

Reuters reported that the US has approved approximately 10 China companies - including Alibaba, Tencent, ByteDance, and JD.com - to purchase NVIDIA H200 chips. Lenovo and Foxconn have reportedly been authorized to act as distributors. However, no shipments have occurred yet because regulatory scrutiny from Beijing has delayed the transactions. Separately, UBS hiked its price target on the stock from $245 to $275 ahead of the company’s earnings report next Wednesday (May 20).

Cerebras Systems Inc (CBRS)

0.00%

The company is set to make its debut on the Nasdaq via initial public offering on Thursday, May 14. According to a statement released on Wednesday, AI chipmaker Cerebras raised $5.5 billion through the IPO. The IPO has been priced at $185 per share, above the expected range of $150-$160 per share.

Meta Platforms Inc (META)

+0.22%

According to a report from Wired, the company has pressured at least 1,000 of its engineers to join a new unit focused on “Applied AI Engineering”. If employees refused to transfer to the new unit, they reportedly risked being laid off. This update comes ahead of Meta’s previously-reported 10% workforce reduction, set to take place on May 20.

Microsoft Corp (MSFT)

+0.31%

Reuters reported that the company is evaluating partnerships and investments in AI startups as it seeks to reduce its reliance on OpenAI for cutting-edge models and products. The company considered acquiring Cursor but stepped back over potential regulatory issues related to GitHub Copilot. Microsoft is also reportedly in discussions with Inception Labs after its venture arm M12 participated in the startup’s $50 million seed funding round.

Taiwan Semiconductor Manufacturing Co Ltd (TSM)

+1.39%

Reuters reported that the company raised its forecast for the global semiconductor market to more than $1.5 trillion by 2030, up from its prior $1 trillion estimate, citing accelerating demand for artificial intelligence and high-performance computing. AI and HPC are expected to make up 55% of the market.

Klarna Group PLC (KLAR)

+17.81%

Gapping up after its Q1 2026 earnings report. Gross merchandise volume (GMV) grew by 33% year-over-year to $33.7 billion, while revenue grew by 44% to reach $1.012 billion. US GMV expanded by 39% year-over-year, and active customers grew by 21% to reach 119 million.

Doximity Inc (DOCS)

-22.32%

Gapping down after its Q4 2026 earnings report. Revenue grew by 5% year-over-year to $145.5 million, beating estimates of $144.07 million, but adjusted earnings of $0.26 per share missed estimates of $0.28. Free cash flow grew by 11% to $107.3 million. The company projected FY 2027 revenue between $664 million and $676 million, above estimates of $643.6 million, and guided Q1 2027 revenue between $151 million and $152 million.

Biogen Inc (BIIB)

+6.59%

Gapping up after reporting positive Phase 2 results for diranersen, its experimental Alzheimer's disease treatment targeting tau protein. The results showed significant reductions in tau pathology and evidence of slower cognitive decline across all tested doses. Although the study missed its primary dose-response endpoint, Biogen plans to advance diranersen into late-stage registrational development.

Bullish (BLSH)

-4.96%

Trading lower premarket following its Q1 2026 earnings report. Adjusted revenue was reported at $92.8 million, while digital asset sales fell to $51.8 billion compared to the $80.2 billion reported in the prior-year quarter. Adjusted transaction revenue declined from $42 million to $38 million on a year-over-year basis, though adjusted EBITDA improved from $13.2 million to $35.1 million. The company re-affirmed its prior revenue and expenses guides for FY 2026.

Intuitive Machines Inc (LUNR)

-2.19%

Trading lower after its Q1 2026 earnings report, with revenue of $186.7 million and earnings of -$0.25 per share missing estimates of $200.12 million and -$0.06, respectively. The company’s backlog reached $1.1 billion. For FY 2026, Intuitive Machines projected revenue between $900 million and $1 billion, compared to estimates of $946 million.

Stubhub Holdings Inc (STUB)

+14.36%

Gapping up after its Q1 2026 earnings report, with revenue of $446 million beating estimates of $425 million and representing 12% year-over-year growth. Earnings were reported at $0.06 per share, an improvement over a $0.12-per-share loss in the prior-year quarter. Adjusted EBITDA grew by 50% year-over-year to $72.1 million, and adjusted EBITDA margin expanded by 400 basis points to 16%. The company reiterated its previously-issued gross merchandise sales outlook of $9.9 billion-$10.1 billion for FY 2026.

Canadian Solar Inc (CSIQ)

-4.34%

Trading sharply lower premarket after its Q1 2026 earnings report. The company reported 2.5 GW of solar module shipments, outperforming its outlook of 2.2 GW-2.4 GW; energy storage shipments of 2.1 GWh similarly beat estimates of 1.7 GWh-1.9 GWh. Revenue declined by 10% year-over-year to $1.1 billion, attributed to lower solar module sales.

Robinhood Markets Inc (HOOD)

-0.18%

On watch after releasing its operating data for the month of April 2026. Funded customers grew by 1.65 million year-over-year to 27.6 million, while total platform assets gre4w by 49A% year-over-year to $345 billion. Equity notional trading volumes and options contracts traded grew by 57% and 34% year-over-year, respectively. Despite declining by 33% on a sequential basis, Robinhood’s crypto notional trading volumes improved by 38% year-over-year.

POET Technologies Inc (POET)

+15.73%

Gapping up after entering into a supply and joint development agreement with Lumilens to develop AI-focused optical solutions, including an initial $50 million order for POET’s optical engines. The partnership has the potential to generate up to $500 million in revenue over five years, with product samples expected in late 2026 and volume production targeted for 2027.