Magnificent 7: NVDA dropped 4.69%, US Eyes AI Chip Export Limits

1. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.10%. Apple's concerns over weak iPhone demand are diminishing as its share price hits new highs. On October 15, Apple released the iPad mini 7 with an A17 Pro chip, enhancing AI functions. The company's 2023 net profit reached $96.995 billion.

2. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.33%. Alphabet C ranked 19th in US stock market trading volume on October 15 with $24.76 billion. Alphabet A disclosed five insider transactions on the same day; executive O'Toole Amie Thuener sold 2,834 shares. Google plans to acquire nuclear energy, partnering with Kairos Power for seven modular reactors to support data centers.

3. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.19%. Tesla's Elon Musk promised to mass-produce robotaxis with the Cybercab prototype. Competitors, including WeRide, are intensifying the autonomous driving market, releasing the new GXR Robotaxi with advanced L4 capabilities to handle complex scenarios.

4. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.08%. Amazon plans a $60 billion investment in Mexico, according to Mexico's economy minister Marcelo Ebrard. Additionally, Amazon UK brand aggregator Olsam has filed for bankruptcy amidst widespread financial struggles among European brand aggregators. JMP Securities reiterates a Market Outperform rating on Amazon.com.

5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.10%. Microsoft's Activision Blizzard $69 billion acquisition lawsuit settles; players' antitrust case dismissed. Google filed an EU antitrust complaint against Microsoft, alleging unfair cloud license contracts. Call of Duty titles to release on Xbox Cloud Gaming on October 25. Sebastian Bubeck leaves Microsoft for OpenAI.

6. Meta (Nasdaq: META)
Meta dipped mildly by -0.70%. Meta CEO Mark Zuckerberg stated Llama is becoming an AI industry standard. The company confirmed the cancellation of the high-end Quest Pro 2 headset, with plans for a lightweight version. Stifel maintained a buy rating for Meta, setting the price target at $663.00.

7. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -4.69%. NVIDIA achieves a trading volume of $496.35 billion, topping U.S. markets. Concerns arise amid its new high as U.S. plans AI chip export restrictions, impacting NVIDIA's stock. Dell announces server shipments featuring NVIDIA's Blackwell AI accelerators, suggesting production normalization.