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

0830 - Nonfarm payrolls for August: Expected 165k; Prior 114k
0830 - Unemployment rate for August: Expected 4.2%; Prior 4.3%
0830 - Average hourly earnings y/y for August: Expected 3.7%; Prior 3.6%
0845 - Fed’s Williams speaks
1100 - Fed’s Waller speaks

Broadcom Inc (AVGO)

-8.87%

Gapping down after its earnings report. The company reported adjusted earnings of $1.24 per share and sales of $13.072 billion, exceeding expectations of $1.20 and $12.96 billion, respectively. CEO Hock Tan attributed the results to strength in the company’s AI and VMware segments, with total Q3 revenue growing by 42% on a year-over-year basis. For Q4 2024, Broadcom guided revenue of approximately $14 billion, slightly below analyst estimates of $14.04 billion.

NVIDIA Corp and Microsoft

-1.04%

On watch as a pair after being sued for alleged patent infringement by Xockets, a Texas-based company. The lawsuit, which was field on Thursday afternoon, claims the tech giants used Xockets’ data processor technology without permission to advance AI development. Xockets additionally accused Nvidia and Microsoft of antitrust violations, alleging collaboration to suppress the value of Xockets' technology in the market.

NVDA, MSFT

Alphabet Inc (GOOGL)

-0.64%

Britain's antitrust regulator, the CMA, has preliminarily accused the company of abusing its dominant position in digital advertising by favoring its own ad exchange, potentially harming competition among British publishers and advertisers. Google has disputed the findings, saying that the accusations represent a misunderstanding of the ad tech business as a whole.

Qualcomm and Intel

-0.79%

On watch as a pair after Reuters reported that Qualcomm is exploring the acquisition of select segments from Intel, including its client PC design business, in a strategic move to expand its product offerings. Intel, facing financial challenges, is considering divesting business units, though Qualcomm has not yet approached Intel formally about the potential acquisition. Qualcomm is trading lower premarket, while Intel is trading slightly higher.

QCOM, INTC

UiPath Inc (PATH)

+8.48%

Gapping up after its Q2 2025 earnings report, with adjusted earnings of $0.04 per share and sales of $316.25 million beating estimates of $0.03 and $303.67 million, respectively. The company guided Q3 revenue between $345 million and $350 million, compared to estimates of $347.24 million, and projected revenue for fiscal 2025 between $1.42 billion and $1.425 billion, above estimates of $1.41 billion. UiPath also expanded its buyback program by $500 million.

Mobileye Global Inc (MBLY)

-2.61%

Trading lower premarket after Bloomberg reported that Intel is considering selling up to 88% of its stake in the Israeli autonomous driving company. This decision is expected to be discussed at Mobileye's September board meeting in New York.

Faraday Future Intelligent Electric Inc (FFIE)

+17.27%

Trading sharply higher premarket after announcing that $30 million in funding from investors in the U.S., the Middle East, and Asia. The stock, which runs semi-frequently and rallied earlier this week, has a float of 12.37 million shares and a short float of 11.3%.

Beneficient (BENF)

+94.67%

Gapping up on no apparent catalyst. The stock has a market capitalization of $6.37 million and a float of 2.71 million shares.

Wheeler Real Estate Investment Trust (WHLR)

+78.74%

Continuing to trade sharply higher premarket after rallying throughout Thursday’s session on no apparent catalyst. The stock has a $5 million market cap and a float of 1.22 million shares, roughly 2.7% of which are sold short.