Check out the companies making headlines in midday trading. Nvidia – Shares rose about 3% in light of the company's GTC conference. Investors see the event as a flagship for artificial intelligence, where Nvidia is expected to unveil new products and updates. Zillow – Shares fell 3%, adding to Friday's 13% decline. The stock came under pressure after the National Association of Realtors reached a settlement with home sellers that could result in lower brokerage commissions. Alphabet, Apple – Shares of Google's parent company rose nearly 7% after a Bloomberg report said Apple was discussing licensing Alphabet's Gemini artificial intelligence engine in the iPhone. Apple shares rose nearly 2%. HashiCorp – The stock rose 8% after a Bloomberg News report said the San Francisco-based software provider was working with a financial advisor to evaluate a potential sale. Taiwan Semiconductor Industry – Shares of the chipmaker rose nearly 1.4% after a report from Reuters said the company was considering building a packaging facility in Japan. Separately, Bank of America raised its price target on the stock, noting that “we expect demand for advanced structured nodes to be stronger, supported by the power of artificial intelligence, computing power, energy demands and savings.” Tesla – The electric car maker added nearly 5% after the company said it plans to raise the price of the Model Y by $1,000 starting in April. PepsiCo – The beverage stock rose nearly 4% after an upgrade to overweight from equal weight by Morgan Stanley. PepsiCo's business fundamentals should bottom out early this year and then rebound in the second half, according to Morgan Stanley. Uber Technologies – Stock 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 alleged that Uber operated illegally in the country before obtaining approval. – CNBC's Pia Singh and Jessie Pound contributed reporting.
