Check out the companies making headlines before the bell. Google – Alphabet Class A shares traded 5.6% higher after a Bloomberg report said Apple is in talks with Google to license and build the Gemini AI engine into future iPhones. Super Micro Computer – Shares rose 2.5%. The technology company, which makes servers that help with artificial intelligence applications, joins the S&P 500 index on Monday before the start of trading. The stock has jumped more than twenty-fold in the past two years and is up 276% year to date. Nvidia – Stock rose 2.7% ahead of the upcoming GTC conference, where the chipmaker is expected to announce several AI updates. Earlier Monday, HSBC raised its price target to $1,050 from $880 per share, saying it was encouraged by Nvidia's AI product roadmap, which could one day own “the entire value chain.” HashiCorp – Shares jumped 9.8% on news that the San Francisco-based software provider is considering options including a sale. Bloomberg reported this development, citing individuals familiar with the matter. Taiwan Semiconductor Industry – US-listed shares rose 1.5% after a Reuters report, citing sources familiar with the matter, said Taiwan Semiconductor is discussing building advanced packaging capacity in Japan. Tesla – Shares rose 3.2% even after Goldman Sachs cut its price target on Tesla by $30 to $190 as the electric car maker faces issues with rising competition and slowing demand. The company emphasized that Tesla is “well positioned for long-term growth,” citing the company's strong position in the electric vehicle and clean energy markets. PepsiCo – Shares of the beverage company rose 1.2% after Morgan Stanley upgraded the stock to overweight from equal weight. PepsiCo's fundamentals are expected to rebound in the second half of the year, according to the bank's analysts. — CNBC's Alex Haring, Samantha Sobin, Jesse Pound, Brian Evans, Yun Lee, Sarah Min and Michelle Fox Theobald contributed reporting.
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