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

0830 - PPI m/m for September: Expected 0.3%; Prior -0.1%
0830 - PPI y/y for September: Expected 2.6%; Prior 2.6%
0830 - Core PPI m/m for September: Expected 0.2%; Prior -0.1%
0830 - Core PPI y/y for September: Expected 2.6%; Prior 2.6%
0830 - Retail sales for September: Expected 0.4%; Prior 0.6%
1000 - CB consumer confidence for November: Expected 93.35; Prior 94.6
1000 - Pending home sales m/m for November: Expected 0.05%; Prior 0%

Alphabet Inc (GOOGL)

+3.82%

Poised to open at another new all-time high after The Information reported that Meta may adopt Google’s AI chips in its data centers, signaling growing competition with Nvidia. Google is reportedly in talks with Meta and other cloud customers as it ramps up efforts to position its TPUs as a cost-efficient alternative for AI training and inference. Nvidia is trading 3% lower premarket on the news

NVIDIA Corp (NVDA)

-3.53%

Trading sharply lower premarket following the aforementioned report from The Information suggesting Meta is considering adopting Google’s AI chips, potentially renting TPUs through Google Cloud as early as next year and using them in its data centers starting in 2027. The stock is poised to lose $180 billion in market value. Fellow semiconductor stock Broadcom is trading higher premarket as investors bet on growing demand for alternative AI infrastructure.

Alibaba Group and NIO Inc

+3.22%

Both Chinese ADRs are trading higher premarket following Q3 2025 earnings. Alibaba posted adjusted earnings of $0.61 per American depository share, beating estimates of $0.49. Quarterly sales came in at $34.808 billion, above the estimated $34.43 billion. Nio, meanwhile, posted lower-than-expected sales of $3.061 billion, though adjusted losses of $0.15 per share beat estimates of a $0.24-per-share loss. The company guided lower-than-expected sales for Q4 2025.

BABA, NIO

Tesla Inc (TSLA)

-0.13%

A Virginia-based firm, Perrone Robotics, has sued the company alleging that all Tesla vehicles using Autopilot over the past six years infringe five of its patents related to robotics operating systems for autonomous vehicles. The company claims Tesla knowingly used its patented technology — including one patent it offered to sell Tesla in 2017 — and is seeking damages and an injunction to stop further infringement. Separately, Tesla registrations in Europe fell by 48.5% year-over-year in the month of October.

SanDisk Corp (SNDK)

+3.73%

Trading sharply higher premarket after being announced as the latest addition to the S&P 500. The company will begin trading as part of the index on Friday, November 28, replacing The Interpublic Group of Companies.

Novo Nordisk A/S (NVO)

+2.94%

The company’s phase 2 trial of amycretin showed substantial weight loss and meaningful HbA1c reductions in adults with type 2 diabetes. Based on these results, Novo Nordisk plans to start a phase 3 development program for amycretin in 2026.

Apple Inc (AAPL)

-0.71%

Poland’s antitrust regulator is investigating whether the company’s App Tracking Transparency policy unfairly restricts third-party apps from collecting data for personalized ads while giving Apple’s own ad services an advantage. The agency says ATT may have misled users about privacy protections and could represent an abuse of market dominance.

Amazon.com Inc (AMZN)

+0.31%

The company is directing employees to stop adopting new third-party AI coding tools and instead use its in-house system, Kiro, according to an internal memo first reported by Reuters. Amazon, which has confirmed the existence of the memo, says focusing on Kiro will help rapidly improve its capabilities. Existing external tools won’t be immediately removed.

Zoom Communications Inc (ZM)

+5.43%

Trading sharply higher premarket after its Q3 2026 earnings report, with adjusted earnings of $1.52 per share and sales of $1.23 billion beating estimates of $1.44 and $1.214 billion, respectively. For Q4 26, the company guided adjusted earnings between $1.48 and $1.49 per share and projected sales between $1.23 billion and $1.235 billion, exceeding estimates for both metrics. Zoom also raised its FY26 EPS and sales outlook and announced an additional $1 billion in share buybacks.

Kohl’s Corp (KSS)

+21.36%

Gapping up after its Q3 2025 earnings report. The company posted adjusted earnings of $0.10 per share, exceeding estimates of a $0.20-per-share loss, while sales of $3.407 billion beat estimates of $3.323 billion. Comparable sales declined by 1.7% on a year-over-year basis. Kohl’s raised its adjusted EPS guide for FY25 from $0.50-$0.80 to $1.25-$1.45, compared to estimates of $0.71. The company expects a 3.5%-to-4% decline in net sales for the same period.

Spotify Technology SA (SPOT)

+2.07%

The Financial Times reported that the company plans to raise U.S. subscription prices in the first quarter of 2025, marking its first U.S. increase since June 2024. Spotify has relied heavily on global price hikes to boost earnings, betting that its strong market presence will keep users subscribed despite higher costs.

DICK’S Sporting Goods Inc (DKS)

-8.39%

Gapping down after its Q3 2025 earnings report, during which the company announced plans to close an undisclosed amount of Foot Locker stores. Dick’s posted adjusted earnings of $2.07 per share, missing estimates of $2.71, though sales of $4.168 billion beat estimates of $3.546 billion. The company raised its GAAP EPS and sales projections for FY25.

ZIM Integrated Shipping Services Ltd (ZIM)

+13.92%

Gapping up after the company’s board of directors confirmed that they have commenced a strategic review of alternatives. The review was prompted by the receipt of a non-binding proposal to acquire outstanding shares of the company.