See the companies making headlines in midday trading. Nvidia – Shares rose about 1% in light of the company’s GTC conference. Investors view the event as a bellwether for artificial intelligence as Nvidia is expected to unveil new products and updates. Zillow — Shares retreated less than 1%, adding to Friday’s 13% pullback. Shares came under pressure after the National Association of Realtors reached an agreement with home sellers that could lead to lower commissions for Realtors. Alphabet, Apple — Shares of Google’s parent company rose nearly 5% after a Bloomberg report said Apple is discussing licensing Alphabet’s Gemini artificial intelligence system for the iPhone. Apple rose about 1%. HashiCorp – Shares rose more than 8% after a Bloomberg News report said the San Francisco-based software provider is working with a financial adviser to weigh a potential sale. Taiwan Semiconductor Manufacturing – The chipmaker’s shares rose 0.2% after a Reuters report that the company was considering building a packaging plant in Japan. Additionally, Bank of America raised its price target on the stock, noting, “We expect structural demand for advanced nodes to be stronger, supported by the power of artificial intelligence, computing power, power and cost-saving requirements.” Tesla — The electric vehicle maker gained more than 6% after the company said it plans to raise the price of its Model Y by $1,000 starting in April. PepsiCo – Beverage shares rose more than 4% after Morgan Stanley raised the stock to “overweight” from equal weight. PepsiCo’s business fundamentals should bottom out early this year and then recover in the second half, Morgan Stanley said. Uber Technologies – Shares fell about 1% after the ride-sharing giant agreed to pay Australian taxi drivers more than $175 million to settle a class action lawsuit. The lawsuit alleged that Uber was illegally operating in the country before receiving permission. — CNBC’s Pia Singh and Jesse Pound contributed reporting.
