Take a look at the companies making headlines in midday trading. Nvidia — Shares of Nvidia rose about 3% as the company held a GTC meeting. Investors view the event as a bellwether for artificial intelligence, as Nvidia is expected to unveil new products and updates. Zillow — Shares retreated 3% following Friday’s 13% retreat. The stock is under pressure after the National Association of Realtors reached a settlement with home sellers that could result in lower commissions for real estate agents. Alphabet, Apple – Shares of Google’s parent company rose nearly 7% after Bloomberg reported that Apple is discussing licensing Alphabet’s Gemini artificial intelligence engine to the iPhone. Apple shares rose about 2%. HashiCorp — Shares of HashiCorp rose 8% after Bloomberg News reported that the San Francisco-based software provider has been working with financial advisers to weigh a potential sale. Taiwan Semiconductor Manufacturing — Shares of Taiwan Semiconductor Manufacturing rose about 1.4% after Reuters reported that the chipmaker is considering building a packaging plant in Japan. Separately, Bank of America raised its price target on the stock, noting, “We expect stronger structural advanced node demand, supported by artificial intelligence strength, computing power, power and savings demand.” Tesla – The electric car maker’s shares rose nearly 5% after it said it plans to increase the price of the Model Y by $1,000 starting in April. PepsiCo — Shares of PepsiCo rose nearly 4% after Morgan Stanley upgraded the beverage stock to overweight from equal weight. Morgan Stanley said PepsiCo’s business fundamentals should bottom out early this year before rebounding in the second half. Uber Technologies – Shares fell more than 2% after the ride-sharing giant agreed to pay more than $175 million to Australian taxi drivers to settle a class-action lawsuit. The lawsuit accuses Uber of operating illegally in the country before it was approved. —CNBC’s Pia Singh and Jesse Pound contributed reporting.
