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

0830 - NY Fed manufacturing index for September: Expected 5; Prior 11.9

Tesla Inc (TSLA)

+7.01%

Gapping up after CEO Elon Musk purchased 2.57 million shares of the company’s stock on Friday, according to SEC filings. This purchase, valued at roughly $1 billion, is Musk’s most significant purchase of Tesla shares since February 2020. Tesla recently announced a lofty pay package for Musk that is contingent on his leadership taking Tesla to a $8.5 billion market capitalization over the next decade.

NVIDIA Corp (NVDA)

-1.59%

Trading lower premarket China extended its anti-monopoly probe into the company, alleging that Nvidia violated conditions tied to its 2020 acquisition of Mellanox Technologies. The move comes as Beijing pushes for domestic AI chip development and heightens scrutiny on U.S. semiconductor firms, adding tension to ongoing US-China trade talks. Additionally, Bloomberg reported that the company - along with the likes of BlackRock, CoreWeave, and OpenAI - is set to announce a major investment related to data centers in the UK.

Opendoor Technologies Inc (OPEN)

+6.39%

Continuing to rally following two straight weeks of strong double-digit gains. The stock’s rally was aided by the appointment of former Shopify COO Kaz Nejatian as CEO of Opendoor last week. Opendoor’s stock has seen an increase in retail attention since shareholder and hedge fund manager Eric Jackson began frequently posting about the stock in July 2025. On Friday, Jackson indicated that his grassroots campaign to encourage hip-hop artist Drake to invest in Opendoor has caught the attention of the rapper’s management team.

Alibaba Group Holding Ltd (BABA)

+2.01%

Trading higher premarket amid continued optimism around the company’s AI updates. Alibaba recently unveiled Qwen3-Next-80B-A3B, a compact AI model that is smaller, faster, and 90% cheaper to train than its predecessors while matching the performance of top rivals. The company’s stock is up 83% year-to-date, surpassing the broader market.

Microsoft Corp (MSFT)

-0.77%

On watch after the Information reported that OpenAI expects to reduce the share of its revenue going to commercial partners like Microsoft from 20% today to about 8% by decade’s end. The shift could allow OpenAI to retain over $50 billion in additional revenue, though it’s unclear if that figure is annual or cumulative. As of August 2024, Microsoft had invested approximately $13 billion in OpenAI starting in 2019.

Ethereum Stocks

-2.32%

Trading lower as a group in tandem with a drop in Ethereum, which is poised for its third straight losing session. The cryptocurrency made a high above $4,750 on Saturday after rallying throughout Friday’s session but sold off throughout the rest of the weekend and is trading just above $4,500 as of Monday morning. Additionally, BitMine Immersion reported total holdings of $10.77 billion, including 2.15 million ETH, in a filing on Monday. The company is the world’s largest Ethereum treasury and the second-largest overall crypto treasury.

ETHE, ETHA, BMNR, SBET

Hims & Hers Health Inc (HIMS)

-2.58%

FDA Commissioner Martin Makary said the company’s Super Bowl ad violated federal law by promoting weight-loss drugs without disclosing risks, breaching the requirement for balanced drug advertising. The ad was subsequently defended by a spokesperson for Hims & Hers, who claimed that the ad was raising awareness about obesity and barriers to care rather than advertising any particular solution or treatment.

Apple Inc (AAPL)

+0.92%

On Friday afternoon, Bloomberg reported that Robby Walker, a senior Apple AI executive who previously oversaw Siri, is set to leave the company next month. The reported departure of Walker, who began working at Apple in 2013, comes amid criticism of the company’s slow rollout of its Apple Intelligence suite and delays to major AI upgrades. Additionally, Bank of America noted that iPhone 17 Pro and Pro Max shipping times are longer than last year’s models, marking the longest delays since the iPhone 11; the analyst maintained a Buy rating and $270 price target on the stock.

Micron Technology Inc (MU)

+0.29%

Deutsche Bank raised its price target on the stock to $175 from $155, maintaining a Buy rating, ahead of the company’s September 23 earnings report. The firm attributed the positive note to Micron’s tight DRAM supply driven by HBM demand, strong NAND pricing trends, and expectations for gross margins above 50%. Micron’s stock gained more than 10% over the last two trading sessions.

Alphabet Inc (GOOGL)

+1.24%

On watch after a US appeals court rejected Google’s bid to delay reforms to its Play Store ordered after Epic Games’ lawsuit, though the company could still seek Supreme Court review. Separately, Penske Media, owner of Rolling Stone and Billboard, sued Google alleging its AI-generated summaries misuse its journalism and divert traffic, marking the first major publisher lawsuit over the feature.

Hyperscale Data Inc (GPUS)

+96.70%

Gapping up after announcing plans to launch a $100 million bitcoin treasury strategy and expand its AI data center in Michigan. The company positioned this announcement as part of their larger transition towards focusing on pure play AI and digital assets. Hyperscale, which has rallied in the past, has a market capitalization of $10.05 million.

AtlasClear Holdings Inc (ATCH)

+107.56%

Gapping up on no apparent news catalyst. On Friday morning, the company reported that the net income of Wilson-Davis, its wholly-owned subsidiary, increased by 295% year-over-year. AtlasClear also indicated their Form 10-K will be filed by September 29, 2025. The company has a market capitalization of $6.08 million and a float of 12.97 million shares, approximately 9.8% of which are sold short.