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

0830 - Building permits for August: Expected 1.37M; Prior 1.362M
0830 - Housing starts for August: Expected 1.365M; Prior 1.428M
1400 - FOMC interest rate decision: Expected 4.25%; Prior 4.5%
1400 - FOMC median rate forecast (next year): Expected 3.375%; Prior 3.625%
1400 - FOMC median rate forecast (next three years): Expected 3.125%; Prior 3.125%
1430 - FOMC press conference with Fed Chair Powell
1500 - Trump speaks on Fox

NVIDIA Corp (NVDA)

-1.60%

Trading lower premarket after the Financial Times reported China has ordered major tech companies, including ByteDance and Alibaba, to stop testing and buying the company’s China-specific AI chips. The move, which applies to chips like the RTX Pro 6000D and H20, underscores Beijing’s strategy to boost domestic semiconductor production and cut reliance on U.S. technology. During a press conference on Wednesday morning, CEO Jensen Huang commented that the company “can only be of service of a market if a country wants us to be”.

Microsoft Corp (MSFT)

+0.30%

On watch after company president Brad Smith announced that Microsoft will invest over $30 billion in the UK over the next four years. This includes $15.1 billion worth of investments for operations such as a London AI lab and gaming, plus $15.5 billion in capital expansion and $3.2 billion previously committed to data centers. The move comes as US President Donald Trump and certain tech CEOs head to the UK, though Smith clarified that the announcement was made without prompting from the US government. Microsoft is also involved in a Nvidia-led partnership with CoreWeave and Nscale to develop next-generation AI infrastructure in the UK.

Oracle Corp (ORCL)

+0.33%

On Tuesday afternoon, the Wall Street Journal reported that the company is part of a consortium which is set to acquire TikTok’s US operations; others in this group reportedly include Andreessen Horowitz and Silver Lake. The goal of the consortium is to create a U.S.-based version of the app with ByteDance’s stake reduced to below 20% to comply with US law. Oracle has been long considered a stakeholder in any TikTok deal, with President Trump and President Xi expected to discuss the terms this week.

StubHub Holdings Inc (STUB)

0.00%

The online ticket platform is set to begin publicly trading on the NYSE on Wednesday, September 17. StubHub priced its IPO at $23.50 per share, which falls within its expected price range of $22.50 to $25 and gives the company a $8.6 billion valuation. The company sold 34.04 million shares for the IPO.

Meta Platforms Inc (META)

-0.26%

The company’s two-day Meta Connect event begins on Wednesday, September 17 and features a keynote from CEO Mark Zuckerberg at 8:00 PM ET. The event is expected to showcase AI glasses, including the previously-leaked Ray-Ban Meta smart display glasses. Separately, Reuters reported that a bipartisan group of US. senators has demanded Meta hand over internal assessments on child safety and parental controls, following testimony that the company ignored research showing kids were exposed to harmful content on its VR platforms.

Alibaba Group Holding Ltd (BABA)

+2.35%

Trading higher premarket after Chinese state media reported that China Unicom will use the company’s AI accelerators, provided through its cloud services, in a major new data center project. The deal highlights China’s push to expand domestic semiconductor use for AI amid uncertainty over Nvidia’s access to the Chinese market.

Apple Inc (AAPL)

-0.08%

Data from Counterpoint Research shows that China’s smartphone market fell 2% in the first eight weeks of Q3, with Apple shipments down 6% ahead of its new iPhone launch. The firm expects a slight market decline in China for the quarter and flat growth for all of 2025, attributing the forecast to a continuation of weak consumer demand.

Opendoor Technologies Inc (OPEN)

-4.71%

On watch after announcing plans to expand its services across the entire continental U.S. in the coming weeks. The company intends to offer coverage through direct cash offers, its Cash Plus program, or partnerships with agents providing listing services as part of this expansion. On Tuesday, “Pharma Bro” and investor Martin Shkreli announced that he has opened a short position in the stock.

Amazon.com Inc (AMZN)

-0.32%

Truist Securities raised its price target on the stock to $270 from $250, citing stronger-than-expected North American revenue tracking about $1 billion above consensus for Q3 2025. The firm noted steady consumer demand with higher order frequency, prompting upward earnings revisions and a valuation based on FY2026 discounted cash flow.

Tesla Inc (TSLA)

-0.97%

The NHTSA has launched an investigation into about 174,000 Tesla Model Y SUVs after reports that faulty electronic door handles prevented owners from re-entering their cars, in some cases forcing parents to break windows to rescue children. Regulators will examine whether Tesla’s door lock technology provides adequate power and safety measures, as the issue could pose serious risks during emergencies.

Workday Inc (WDAY)

+8.72%

Gapping up after activist investor Elliott Management disclosed a $2 billion stake in the company, expressing strong support for the company’s CEO and CFO and praising the management team’s recent performance. Separately, Workday announced a $1.1 billion acquisition of AI firm Sana, marking its third AI-related deal in under two months.

General Mills Inc (GIS)

-1.74%

Trading lower premarket following its Q1 2026 earnings report. Adjusted earnings of $0.86 per share beat estimates of $0.81, and sales of $4.518 billion beat estimates of $4.513 billion. The company guided a 10% to 15% decline in adjusted operating profit and EPS for fiscal 2026. General Mills expects organic net sales for the fiscal year between a one-percent decline and a one-percent increase.

SciSparc Ltd (SPRC)

+120.65%

Gapping up after Automax Motors filed a motion with the Jerusalem District Court related to its merger with the company. The stock has a market capitalization of $980,000 and a float of 530,000 shares, approximately 28.5% of which are sold short.