Today's Morning Movers and Top Ratings: GOOGL, NVDA, PEP, NKE and More

$Alphabet-A (GOOGL.US)$ Shares were trading up by 5.6% following a Bloomberg report indicating that Apple is in discussions with Google regarding the potential integration of Google's Gemini artificial intelligence engine into upcoming iPhone models.

$Super Micro Computer (SMCI.US)$ The company's shares saw a 2.5% increase. As a technology firm that manufactures servers aiding in artificial intelligence applications, Super Micro Computer is set to join the S&P 500 on Monday before the market opens. The stock has experienced a surge of more than twentyfold over the past two years, with a year-to-date increase of 276%.

$NVIDIA (NVDA.US)$ 's stock ascended by 2.7% in anticipation of its highly-awaited GTC Conference, where the company is expected to unveil multiple AI updates. HSBC raised its price target for Nvidia earlier in the day, from $880 to $1,050 a share, highlighting optimism about Nvidia’s AI product roadmap and its potential to dominate the entire value chain.

$HashiCorp (HCP.US)$ Shares soared by 9.8% amid reports that the San Francisco-based software provider is exploring strategic options, including a potential sale, according to Bloomberg sources familiar with the matter.

$Taiwan Semiconductor (TSM.US)$ The U.S.-listed shares of the company increased by 1.5% following a Reuters report that mentioned Taiwan Semiconductor is considering the development of advanced packaging capacity in Japan.

$Tesla (TSLA.US)$ Tesla's shares climbed 3.2%, despite Goldman Sachs reducing its price target on Tesla from $220 to $190 due to challenges like heightened competition and slowing demand. Goldman Sachs still recognizes Tesla's strong positioning for long-term growth in the EV and clean energy sectors.

$PepsiCo (PEP.US)$ Shares of the beverage giant rose by 1.2% following Morgan Stanley's upgrade of the stock to overweight from equal weight, with the bank's analysts predicting that PepsiCo's fundamentals are likely to improve in the second half of the year.

$Prologis (PLD.US)$ Evercore ISI Group Downgrades Prologis to In-Line, Announces $136 Price Target. Shares fell by 0.22% in premarket trading.