Stocks to Watch: NVDA, AAPL, GOOGL, PEP and Beyond

The stock market is always buzzing with activity, and today is no different. Let’s take a closer look at some of the companies making headlines in midday trading:

Nvidia: Shares of Nvidia have climbed about 1% following the company’s GTC Conference. Investors are eagerly anticipating new product releases and updates related to artificial intelligence.

Zillow: Despite a slight pullback of less than 1%, Zillow’s stock is still feeling the effects of a 13% decline on Friday. This drop was caused by a settlement reached between the National Association of Realtors and home sellers, which could potentially lead to lower commissions for real estate agents.

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Alphabet and Apple: Google’s parent company saw its shares rise by nearly 5% after reports surfaced that Apple is considering licensing Alphabet’s Gemini artificial intelligence engine for use in the iPhone. Apple’s stock also climbed by 1%.

HashiCorp: This San Francisco-based software provider’s stock jumped by more than 8% following reports that it is exploring a potential sale with the help of a financial advisor.

Taiwan Semiconductor Manufacturing: Despite only a modest 0.2% increase in shares, the chipmaker is reportedly considering building a packaging facility in Japan. Bank of America also raised its price target for the stock, citing increasing demand for advanced node technology.

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Tesla: In a surprising move, Tesla announced plans to raise the price of its Model Y by $1,000 starting in April. This news caused the electric vehicle maker’s stock to soar by more than 6%.

PepsiCo: Shares of PepsiCo rose by more than 4% after receiving an upgrade from Morgan Stanley. The investment firm believes that PepsiCo’s business fundamentals will improve in the second half of the year.

Uber Technologies: The ride-sharing giant’s stock fell by 1% after agreeing to pay over $175 million to Australian taxi drivers to settle a class action lawsuit. The lawsuit alleged that Uber operated illegally in the country before obtaining proper approval.

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It’s clear that today’s market is full of twists and turns, with various companies experiencing both gains and losses. Stay tuned for more updates as the trading day progresses.

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