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

1400 - US interest rate decision: Expected 4.5%; Prior 4.5%
1430 - FOMC press conference w/ Fed Chair Powell
1500 - Consumer credit for March: Expected 9.387B; Prior -$0.81B

Uber Technologies Inc (UBER)

-5.07%

Trading lower premarket following its Q1 2025 earnings report. Earnings of $0.83 per share handily beat estimates of $0.50, but sales of $11.53 billion missed estimates of $11.62 billion. Total trips grew by 18% year-over-year, and monthly active platform users increased by 14%. The company guided Q2 adjusted EBITDA between $2.02 billion and $2.12 billion, compared to estimates of $2.05 billion, and projected gross bookings between $45.8 billion and $47.3 billion, compared to estimates of $45.9 billion.

Chinese ADRs

-1.35%

Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are set to meet with Chinese Vice Premier He Lifeng in Switzerland this weekend to discuss economic and trade issues. This meeting was initially announced by the offices of Bessent and Greer. In an interview following the announcement, Bessent emphasized the need for fair trade and described current tariff levels as unsustainable. China’s Hang Seng Index and CSI-300 Index both opened sharply higher on Wednesday but closed the session marginally green.

BABA, BILI, BIDU, PDD, JD, NIO, XPEV, LI, ZK, FXI, KWEB

Advanced Micro Devices Inc (AMD)

+1.45%

Trading higher premarket following its Q1 earnings report. Adjusted earnings of $0.96 per share and sales of $7.44 billion beat estimates of $0.94 and $7.13 billion, respectively. Data center revenue grew by 57% year-over-year and client revenue surged by 68%. The company guided Q2 sales between $7.1 billion and $7.7 billion, the midpoint of which exceeds analyst estimates of $7.24 billion. Additionally, a filing revealed that Amazon has acquired a $84.4 million stake in the company.

Amazon.com Inc (AMZN)

+1.19%

The company has unveiled Vulcan, a cutting-edge warehouse robot with a sense of touch powered by AI. Vulcan is capable of handling about 75% of warehouse items and designed to work alongside human employees to improve efficiency and safety. While the launch highlights Amazon’s push toward automation and advanced robotics, company officials emphasize that the technology aims to support, not replace, human workers amid broader concerns about AI-driven job displacement.

Super Micro Computer Inc (SMCI)

-5.19%

Trading sharply lower premarket following its Q3 2025 earnings report, with adjusted earnings of $0.31 per share and sales of $4.6 billion missing estimates of $0.50 and $5.42 billion, respectively. The company cut its FY25 sales guidance to $21.8-$22.6 billion, well below estimates of $23.94 billion, and guided lower-than-expected EPS and sales for Q4. Super Micro previously reported preliminary earnings for Q3 last week.

Tesla Inc (TSLA)

+1.19%

The company’s China-made EV sales dropped 6% year-over-year and 25.8% month-over-month for April 2025. This marks the seventh consecutive monthly decline for Tesla sales in China amid fierce local competition and weakened brand perception in Europe. Separately, Tesla has introduced a more affordable version of its Model Y in the U.S.

The Walt Disney Company (DIS)

+6.03%

Gapping up after its Q2 2025 earnings report. Adjusted earnings of $1.45 per share beat estimates of $1.20, and sales of $23.62 billion similarly exceeded expectations of $23.14 billion. Disney guided earnings of $5.75 per share for fiscal 2025, beating estimates of $5.44 and representing 16% growth year-over-year.

Upstart Holdings Inc (UPST)

-15.76%

Gapping up after its Q1 2025 earnings report. Adjusted earnings of $0.30 beat estimates of $0.17, and sales of $213.37 million beat estimates of $199.49 million. Upstart raised its FY25 sales guidance to $1.01 billion, slightly above estimates of $1 billion, and guided Q2 sales of $225 million versus estimates of $223.73 million. The company announced a forward-flow agreement with Fortress Investment Group through which Fortress will purchase up to $1.2 billion of loans started on Upstart’s platform.

Unity Software Inc (U)

+6.00%

Gapping up after its Q1 2025 earnings report. The company reported adjusted earnings of $0.24 per share, much better than the expected loss of $0.36, with sales of $435 million similarly beating estimates of $416.92 million. Unity guided Q2 sales between $415 million and $425 million, compared to estimates of $423.45 million.

Marvell Technology Inc (MRVL)

-7.09%

Gapping down after announcing the postponement of its investor day, citing “macroeconomic uncertainty”. The company maintained the midpoint of its previously-issued revenue guidance for Q1 2026 but narrowed the expected range above or below that number. Marvell previously guided revenue of roughly $1.875 billion, plus or minus 5%, and is now guiding plus or minus 2%.

Novo Nordisk A/S (NVO)

+6.02%

The company’s US-listed shares are gapping up after its Q1 2025 earnings report. Earnings of $0.92 per share narrowly beat estimates of $0.90, while sales of $10.89 billion missed estimates of $11.64 billion. The company cut its sales growth forecast from 16%-24% to 13%-21% for fiscal 2025 and widened its operating profit growth guidance; both changes were attributed to weakening adoption of branded GLP-1s.

Rivian Automotive and Lucid Group

+0.23%

Both EV companies are on watch following their post-market earnings reports on Tuesday. Rivian is trading marginally lower after posting a smaller-than-expected loss per share and stronger-than-expected sales for Q1. The company expects the delivery of 40,000 to 46,000 vehicles in 2025, lower than its previous guidance of 46,000 to 51,000. Lucid also reported smaller-than-expected losses per share but missed quarterly revenue estimates. Its interim CEO noted that the company is considering starting production on its midsized vehicle in Saudi Arabia as opposed to the US amid concerns about tariffs.

RIVN, LCID

Theriva Biologics Inc (TOVX)

+86.03%

Gapping up after announcing positive topline findings from a Phase 2b trial of its VCN-01 treatment. The study found that patients with pancreatic cancer tolerated the treatment and that any adverse impacts were “transient and reversible”. The stock has a market capitalization of $7.18 million and a float of 2.4 million shares.