Magnificent 7: TSLA plunged 8%, Tesla to introduce FSD in China & Europe by Q1 2025

1. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.70%. Apple Watch Series 10 to include sleep apnea detection. iPhone 16 pricing may remain stable. iPhone 16 to support WeChat updates. iPhone 16 Pro to feature bezels 33% narrower than iPhone 15 Pro. iPhone 16 Pro can record 4K video at 120 FPS. Apple event next week to unveil new iPhone.

2. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.64%. Microsoft released a September firmware update for Surface Studio 2+, fixing two security vulnerabilities and addressing Wi-Fi disconnection. The UK antitrust agency approved the Microsoft-Inflection AI deal. Microsoft faces patent infringement and antitrust lawsuits with Nvidia. Microsoft to unveil three XGP games at Tokyo Game Show.

3. Meta (Nasdaq: META)
Meta dropped solidly by -3.21%. Meta reported a trading volume of $7.402 billion on September 6, 2024, up 65.91% from the previous day, ranking 6th in U.S. markets. On September 5, Meta disclosed an insider transaction; executive Newstead Jennifer sold 905 shares on September 3. Cantor Fitzgerald initiated coverage with an overweight rating and a $660.00 price target.

4. Amazon (Nasdaq: AMZN)
Amazon dropped solidly by -3.65%. Amazon revamped its unmanned retail system with RFID and edge computing technologies. Insider transaction disclosed on September 5 shows executive Herrington Douglas J sold 3,500 shares. Bezos' Earth Fund granted $30 million to National University of Singapore for alternative protein research.

5. Alphabet (Nasdaq: GOOG)
Alphabet dropped solidly by -4.08%. Google faces antitrust scrutiny in the UK over self-preferencing its ad platform, potentially leading to fines. DeepMind's new AI boosts protein affinity by 300x, offering cancer research potential. Google Photos introduces an AI-driven content inquiry feature for U.S. users.

6. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -4.09%. NVIDIA disclosed 12 insider transactions on September 6, including CEO Jensen Huang selling 240,000 shares for $25.8M. The U.S. plans to reinforce advanced tech export controls, affecting NVIDIA’s AI chip sales to specific countries. NVIDIA showcased at the 2024 Tencent Global Digital Ecosystem Summit.

7. Tesla (Nasdaq: TSLA)
Tesla plunged by -8.45%. Tesla's trading volume on September 6, 2024, was $24.303 billion, ranking second on US markets. Tesla showcased new technology at the 2024 Bund Conference, aiming for 10 billion humanoid robots annually. Tesla plans to introduce FSD in China and Europe by Q1 2025, subject to regulatory approval.