Stock futures are indicating a positive opening for Wall Street on Monday, with the upcoming Federal Reserve policy decision expected to have a significant impact on the direction of the market.
Some key stocks to keep an eye on today include:
-**Nvidia:** The company's annual GTC conference is set to kick off with a keynote address from CEO Jensen Huang. Nvidia, a semiconductor company that has seen a 77% increase in its shares in 2024 and a 241% rise over the past 12 months, is expected to unveil new artificial intelligence offerings.
- **Nuvei:** The Canadian payments processor saw a surge of 30% after The Wall Street Journal reported that it is in talks with private-equity firm Advent International regarding a potential buyout. Nuvei, which is backed by actor Ryan Reynolds, has formed a special committee to evaluate and consider offers received by the company.
- **XPeng:** U.S.-listed shares of the Chinese electric vehicle maker were up 6.2% after it disclosed plans to launch a more affordable brand within the next month. The new cars will be priced between 100,000 yuan to 150,000 yuan, or about $14,000 to $21,200, according to XPeng's official WeChat account as reported by Dow Jones Newswires.