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

0845 - Fed’s Bowman speaks
1220 - Fed Chair Powell speaks
0325 - Fed’s Waller speaks
0330 - Fed’s Collins speaks

Critical Minerals and Rare Earth Plays

+9.06%

Trading sharply higher as a group amid renewed tensions between the US and China. On Monday, China’s Commerce Ministry confirmed holding working-level trade talks with the US after notifying Washington in advance about its new rare earth export controls. Beijing criticized the US for imposing fresh restrictions while pursuing dialogue and urged it to act with greater sincerity in future engagements.

MP, CRML, TMQ, USAR, TMC, AREC

Major Banks

+0.37%

Several major financial institutions reported Q3 earnings before the bell on Tuesday. JPMorgan posted earnings of $5.07 per share and sales of $47.12 billion, beating analyst estimates. Investment banking fees and markets revenue grew by 15% and 25% year-over-year, respectively, with assets under management increasing by 18%. Goldman Sachs posted stronger-than-expected earnings and sales, though equities trading revenue missed estimates. Wells Fargo similarly beat expectations with earnings of $1.66 per share and sales of $21.436 billion, with net interest income climbing by 2% y/y. Citigroup posted better-than-expected sales and adjusted earnings per share, exceeded NII estimates, and raised its dividend.

JPM, GS, WFC, C

Crypto Stocks

-3.42%

Trading sharply lower as a group in tandem with a pullback in crypto. Ethereum is down more than 6% from Monday’s closing price as of 7:20 AM on Tuesday. Bitcoin, meanwhile, is more than 3% below Monday’s close and nearing its lows from Friday’s selloff. The recent volatility in crypto, and the overall market, has been largely attributed to renewed trade tensions between the US and China.

COIN, MSTR, MARA, RIOT, IBIT, ETHE, HUT, CLSK, IREN, CAN, HIVE, BMNR

Broadcom Inc (AVGO)

-2.44%

Reuters reported that the company is set to introduce a new networking chip on Tuesday. This chip - called Thor Ultra - reportedly doubles the bandwidth of its predecessor to support large AI data-center networks. Thor Ultra will compete with Nvidia interfaces as Broadcom aims to capture a $60–90 billion AI market by 2027, enabling connections among hundreds of thousands of AI chips. On Monday, Broadcom announced an AI accelerator partnership with OpenAI.

Advanced Micro Devices Inc (AMD)

+1.21%

Trading higher premarket after CNBC reported that Oracle Cloud will deploy 50,000 AMD AI GPUs in its cloud infrastructure starting in H2 2026, aiming to challenge Nvidia’s dominance in AI. The report comes just one week after AMD and OpenAI entered into a multibillion-dollar partnership.

Salesforce Inc (CRM)

-0.51%

On watch after announcing a partnership with Stripe and OpenAI to launch an Instant Checkout integration using the Agentic Commerce Protocol. This integration will allow merchants to leverage conversational AI for faster, seamless shopping experiences. The move signals a shift toward “agentic commerce,” where AI can anticipate needs and make purchases on behalf of consumers, transforming traditional online shopping.

NVIDIA Corp (NVDA)

-1.74%

The company is set to launch its DGX Spark personal “AI supercomputer” on October 15, offering up to a petaflop of performance and 128GB of unified memory for $3,999. Powered by the new GB10 Grace Blackwell Superchip, the compact system aims to democratize access to data center-level AI computing, enabling developers to run and fine-tune massive models directly from their desktops. Separately, US Senator Tom Cotton has urged the Commerce Department to investigate Singapore-based Megaspeed for allegedly diverting Nvidia AI chips to China through third countries like Malaysia and Indonesia.

General Motors Co (GM)

-1.74%

The company announced that it will record a $1.6 billion charge in Q3 to realign its EV production strategy in response to weaker demand and changing US policy incentives. The charge includes $1.2 billion in non-cash impairments and $400 million in contract cancellations. This update comes as General Motors moves to scale back EV and battery investments amid slower adoption.

Albertsons Companies Inc (ACI)

+6.19%

Gapping up after its Q2 2025 earnings report, with adjusted earnings of $0.44 per share and sales of $18.915 billion beating estimates of $0.40 and $18.898 billion, respectively. The company raised its adjusted EPS guide for fiscal 2025 to $2.06-$2.19, compared to estimates of $2.10. Alberstons also announced that it has struck a $750 million accelerated share repurchase agreement.

Alphabet Inc (GOOGL)

-1.44%

On watch after announcing a $15 billion investment over five years to build its largest AI data center outside the US in Andhra Pradesh, India. The 1-gigawatt Visakhapatnam facility is expected to create about 188,000 jobs and strengthen Google’s cloud and AI presence in one of its fastest-growing markets.

Microsoft Corp (MSFT)

-0.67%

The company is facing a consumer class-action lawsuit in San Francisco accusing it of illegally inflating AI prices through a secret agreement with OpenAI. Plaintiffs claim that Microsoft’s exclusive cloud deal restricted computing resources for ChatGPT, violating antitrust laws and driving up subscription prices while reducing product quality.

Freeport-McMoRan Inc (FCX)

-2.31%

The company’s Indonesian unit may have to halt operations at its Manyar smelter by the end of October due to a shortage of copper concentrate caused by a mud-flow disaster at the Grasberg mine. The incident, which killed seven workers and has kept the mine shut for nearly a month, could delay Grasberg’s return to full production until at least 2027. The potential closure was reported by Kontan, a local media outlet in Indonesia.

Johnson & Johnson (JNJ)

+0.31%

On watch after its Q3 2025 earnings report, with adjusted earnings of $2.80 per share and sales of $23.993 billion beating estimates of $2.75 and $23.741 billion, respectively. The company raised its sales guidance for fiscal 2025 to a range between $93.5 billion and $93.9 billion, beating estimates of $93.436 billion, and reiterated its adjusted EPS guidance of $10.80 to $10.90 for the same period; the midpoint of this guide exceeds analyst estimates of $10.87. Johnson & Johnson also announced that it is looking to separate its orthopedics business.

Navitas Semiconductor Corp (NVTS)

+24.47%

Gapping up after announcing progress on its 800 VDC GaN and SiC power devices, which will support Nvidia’s next-generation AI factory platforms. Navitas said the shift from legacy 54 V to 800 VDC architectures marks a transformational step toward higher efficiency and scalability for megawatt-scale AI data centers. Approximately 28.25% of the stock’s float is sold short.

PMGC Holdings Inc (ELAB)

+101.15%

Gapping up on no apparent news catalyst. The stock has a market capitalization of $3.53 million and a float of 610,000 shares.