Monday Market Movers: Nvidia, Apple, Alphabet, PepsiCo, and More

Nvidia— Shares surged approximately 3% following the company’s GTC Conference. Investors see this event as crucial for the future of artificial intelligence, expecting Nvidia to reveal new products and updates.

Zillow— Shares retreated by 3%, compounding Friday’s 13% decline. Pressure mounted on the stock after the National Association of Realtors settled with home sellers, potentially leading to reduced commissions for realtors.

Alphabet, Apple— Shares of Alphabet, Google’s parent company, soared nearly 7% following a Bloomberg report suggesting discussions between Apple and Alphabet about licensing Alphabet’s Gemini artificial intelligence engine for the iPhone. Apple’s stock also went up by about 2%.

Monday Market Movers: Nvidia, Apple, Alphabet, PepsiCo, and More
(Credits: Google Finance)

HashiCorp— The company’s stock surged by 8% after Bloomberg News reported that the San Francisco-based software provider was examining the possibility of a sale with the guidance of a financial advisor.

Taiwan Semiconductor Manufacturing— Shares of the chipmaker saw an uptick of roughly 1.4% following a Reuters report indicating the company’s contemplation of establishing a packaging facility in Japan. Similarly, Bank of America increased its price target for the stock, citing expectations of increased demand for advanced node technology due to AI, computing power, and energy efficiency requirements.

Tesla— The electric vehicle manufacturer witnessed an increase of nearly 5% after announcing its intention to raise the price of the Model Y by $1,000 starting in April.

Monday Market Movers: Nvidia, Apple, Alphabet, PepsiCo, and More
(Credits: Google Finance)

PepsiCo— The beverage giant’s stock rose by almost 4% following an upgrade from equal weight to overweight by Morgan Stanley. Morgan Stanley expects PepsiCo’s business performance to reach its lowest point early in the year and then improve in the second half.

Uber Technologies— Shares of the ride-sharing company declined by over 2% after agreeing to pay more than $175 million to Australian taxi drivers to settle a class action lawsuit. The lawsuit claimed that Uber’s operation in the country before obtaining approval was unlawful.

Sajda Parveen
Sajda Parveen
Sajda Praveen is a market expert. She has over 6 years of experience in the field and she shares her expertise with readers. You can reach out to her at [email protected]
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