Tech Five: Apple reportedly eyes Time Warner assets

Tech giant Apple is reportedly keeping close watch on Time Warner and a potential spinoff of assets. Meanwhile, Google forms a division focused on virtual reality.

Let's look at tech stocks to watch Wednesday:

Apple. The iPhone maker is among a handful of companies eyeing any Time Warner asset spinoffs to help jumpstart its planned streaming TV service, reports The New York Post. Time Warner boasts several key properties that could aid Apple's TV service, including CNN and HBO.

TiVO. The entertainment company named Naveen Chopra its interim CEO, according to a statement released Tuesday. Chopra had served as TiVo's chief financial officer. He replaces Tom Rogers, who will take over as non-executive chairman of the board.

Microsoft. Shares jumped in pre-market trading after receiving an "overweight" stock upgrade from Morgan Stanley, reports CNBC. The firm cites Microsoft's position in the cloud market, a priority for CEO Satya Nadella.

Google. The company is forming its own virtual reality division run by the company's vice president of product management, Clay Bavor. Google already boasts its Cardboard viewer for smartphones, but competition continues to pick up with rivals including Oculus Rift and HTC Vive launching this year.

Qualcomm. The chip maker is partnering with Japanese company TDK Corporation to create new technology for smartphones and other sectors such as Internet of Things and drones.

Follow Brett Molina on Twitter: @brettmolina23.