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

0830 - Balance of trade for July: Expected -$79B; Prior -$73.1B
1000 - JOLTS job openings for July: Expected 8.1M; Prior 8.184M
1000 - Factory orders m/m for July: Expected 4.8%; Prior -3.3%
1000 - JOLTS job quits for July: Expected 3.1M; Prior 3.282M

NVIDIA Corp (NVDA)

-1.87%

Continuing to trade lower after a significant drop on Tuesday that saw the stock lose $279 billion in market cap, the largest one-day market cap loss in the history of the U.S. stock market. On Tuesday evening, Bloomberg reported that a previously-reported U.S. Department of Justice subpoena has deepened a probe into the company's antitrust practices. Concerns focus on Nvidia potentially limiting competition by penalizing buyers who don't exclusively use its AI chips.

Advanced Micro Devices Inc (AMD)

+1.68%

Trading higher premarket after appointing former Nvidia executive Keith Strier as the company’s senior vice president of global AI markets. Strier previously served as Nvidia’s vice president of worldwide AI initiatives and is also a member of a variety of AI-related policy and advisory boards across the globe.

Crypto Stocks

-2.94%

Trading lower as a group amid continued weakness in Bitcoin. The cryptocurrency, which last breached the $60,000 level on Thursday, August 29, was trading just above $56,500 as of Wednesday morning. Ethereum, meanwhile, dropped by 4% as of Wednesday before the bell to trade near the $2,400 level.

IBIT, ETHE, BITO, GBTC, CLSK, MARA, COIN, RIOT, HUT, MSTR

Microsoft Corp (MSFT)

-0.76%

On watch after the UK's Competition and Markets Authority cleared Microsoft's acquisition of Inflection AI's staff and partnership, stating no deeper investigation was necessary. The authority found that Inflection AI had a small presence in the UK chatbot market and lacked the ability to significantly expand its user base compared to competitors.

Dollar Tree Inc (DLTR)

-12.12%

Gapping down following its earnings report for Q2 2024, with earnings of $0.67 per share and sales of $7.378 billion missing estimates of $1.04 and $7.488 billion, respectively. The company reported same-store net sales growth of 1.3% for its Dollar Tree segment and 0.7% for its enterprise segment, though this metric decreased by 0.1% for its Family Dollar segment. Dollar Tree guided lower-than-expected revenue and earnings per share for Q3 and lowered its EPS and sales guidance for fiscal 2024.

Alibaba Group Holding Ltd (BABA)

+0.74%

Trading higher premarket after announcing that its domestic platforms, Taobao and Tmall, will soon accept payments from Tencent's WeChat Pay. This move comes despite Tencent's investments in Alibaba rivals like JD.com and Pinduoduo, highlighting strategic partnerships amid fierce industry competition.

Zscaler Inc (ZS)

-16.61%

The company projected earnings of $2.81 to $2.87 per share for fiscal 2025, well below estimates of $3.33, with its annual revenue estimate of $2.6 billion to $2.62 billion also narrowly missing estimates of $2.63 billion. For Q4 2024, Zscaler reported adjusted earnings of $0.88, beating estimates of $0.69, and sales of $592.9 million, exceeding expectations of $567.933 million and marking a 30% year-over-year increase.

GitLab Inc (GTLB)

+12.65%

Trading sharply higher premarket following its earnings report for Q2 2025. Adjusted earnings of $0.15 per share exceeded expectations of $0.10, while sales of $182.6 million beat estimates of $176.889 million and grew by 30.82% on a year-over-year basis. The company projected earnings between $0.45 and $0.47 per share for fiscal 2025, above estimates of $0.36, and guided annual revenue between $742 million and $744 million, exceeding the expected $736.612 million.

WiSA Technologies Inc (WISA)

+70.59%

Gapping up after announcing a $210 million deal to acquire Datavault's intellectual property and IT assets. The agreement includes $200 million in WiSA's restricted common stock priced at $5.00 per share, alongside a $10 million unsecured promissory note due in three years. WiSA Technologies has a market cap of $7.64 million and a float of 5.03 million shares.

Windtree Therapeutics Inc (WINT)

+55.80%

Trading sharply higher premarket on no apparent catalyst. The stock has a market capitalization of $1.89 million and a float of 568,150 shares, approximately 19.1% of which are sold short.