Magnificient 7: Google Invests in Nvidia’s AI Data Centers

1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 1.40%. Highland Capital, Gaoyi Asset, and Genlin Asset showed a preference for tech stocks and reduced consumer stocks in Q2. Google plans significant investments in NVIDIA, particularly in AI data centers. Bank of America increased its Apple holdings by 50% in Q2.

2. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.96%. Google C reported a transaction amount of $2.781 billion on August 16, 2024. Google A disclosed two insider transactions on August 16, 2024, with executive Prabhakar Raghavan selling 19,300 shares on August 15, 2024. Eric Schmidt apologized for comments about Google employees. Google Gemini AI tech launched in its Pixel 9 series on August 14, 2024.

3. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.92%. In Q2, Hillhouse Capital, GaoYi Asset, and Greenwoods Asset Management increased their holdings in tech stocks and reduced positions in some consumer stocks. Cantor Fitzgerald reiterated a neutral rating on Tesla with a target price of $245.

4. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.59%. Hillhouse Capital, Gao Yi Asset Management, and Greenwoods Asset Management showed increased favor towards tech stocks and reduced consumer sector holdings in Q2. Apple received a new Vision Pro headset patent for virtual product trials and reopened Epic Game Store on iOS in the EU.

5. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -0.30%. Hillhouse Capital, Gaoyi Asset, and Greenwoods Asset Management showed a preference for tech stocks and reduced holdings in some consumer stocks in Q2 2024. Amazon implemented a "refund only" policy for U.S. sellers and warned Flex drivers about delayed payments.

6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.61%. Microsoft experienced a $9.533 billion trading volume on August 16, ranking 4th in the US stock market. Issues reported include a high-risk Windows 11 bug, Win10/Server performance problems, and Office application crashes. Meanwhile, Edge browser market share reached an all-time high.

7. Meta (Nasdaq: META)
Meta dipped mildly by -1.84%. Meta's trading volume reached $7.808 billion on August 16, ranking fifth on the US stock market. Tigress Financial maintains a Strong Buy rating on Meta, raising the price target to $645.00. Meta's Quest HDMI Link app launched for Quest headsets, enabling wired screen casting. Meta’s Threads introduces new features for businesses and digital creators. Meta closed the CrowdTangle misinformation tracking tool, raising concerns among researchers.