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.
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.
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.
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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