Magnificient 7: Apple's iPhone 16 Sales Surge 20% in China

1. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.23%. Apple's iPhone 16 sales in China increased 20% in the first three weeks compared to the previous model. Wedbush reports highlight strong demand as a sign of market rebound. Additionally, speculation arose about Apple's past collaboration with BYD on electric vehicle batteries.

2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.78%. Nvidia's trading volume on October 18 was $242.25 billion, ranking first in the US market. B of A Securities maintained a Buy rating on Nvidia with a price target of $190.00. Nvidia's GB200 series is expected to generate significant revenue.

3. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.78%. Amazon invested over $500 million in nuclear power amidst surging AI-driven electricity demand. The company announced the opening of its first re: Cycle data center facility outside the U.S. in Dublin. Additionally, Amazon announced over 175 million users have activated Passkey functionality.

4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.35%. Microsoft and OpenAI are negotiating investment banking support for OpenAI’s for-profit transition, focusing on equity distribution. Microsoft also maintains "Overweight" by Piper Sandler with a $470 target. Meanwhile, Microsoft updates its PC Manager and halts Azure OpenAI personal services in China.

5. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.33%. A US judge approved Google's request to temporarily pause an injunction requiring app store reforms in its case against Epic Games. Prabhakar Raghavan, head of Google Search and Ads, will become Chief Technology Officer, with Nick Fox as his successor. Google integrated its Gemini app team into DeepMind.

6. Meta (Nasdaq: META)
Meta dipped mildly by -0.08%. Meta collaborates with Blumhouse on an AI movie model, "Movie Gen." TD Cowen retains a Buy rating, raising the target to $675. Mizuho maintains Outperform, targeting $650. Meta dismissed employees for misusing meal vouchers.

7. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.09%. Tesla faces a U.S. NHTSA investigation over fatal accidents involving vehicles equipped with Full Self-Driving (FSD) technology.