Before the bell, take a look at the businesses that are in the news.
Google’s Class A shares were up 5.6% after a Bloomberg story said Apple and Google were in negotiations to licence and integrate Google’s Gemini artificial intelligence engine into upcoming iPhone models.
Super Micro Computer: 2.5% gain was made in shares. The technology company, which provides servers for AI applications, will be listed on the S&P 500 on Monday prior to the start of trade. The stock has increased by over twenty times in the last two years, and it has gained 276% so far this year.
Nvidia — The company’s shares increased 2.7% ahead of the highly anticipated GTC Conference, when the chipmaker is anticipated to reveal a number of AI improvements. HSBC increased its price objective for the stock earlier on Monday from $880 to $1,050, citing encouragement from Nvidia’s AI product roadmap, which may eventually own “the entire value chain.”
Tesla — As the maker of electric vehicles deals with challenges from growing competition and sluggish demand, shares increased 3.2% even after Goldman Sachs lowered its price target on the company by $30 to $190. But pointing to the business’s dominant position in the EV and renewable energy markets, the firm insisted that Tesla is “well positioned for longer-term growth.”
Source (CNBC)
