Magnificient 7: Meta dipped 2.7%, Trump’s Facebook Return Imminent

1. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 2.99%. Tesla's trading volume reached $38.27 billion on July 12th, ranking first on the day. Citigroup maintained a neutral rating and raised Tesla's price target to $274. UBS downgraded Tesla to sell with a $197 price target. Mizuho maintained a neutral rating with a $230 price target. Tesla's Robotaxi launch delayed until October.

2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 1.44%. Nvidia's trading volume on July 12 was $32.432 billion, down 33.45% from the previous day. Benchmark maintained Nvidia's buy rating with a price target of $170.00. Nvidia reported Q1 fiscal 2025 revenue of $26.044 billion and net profit of $14.881 billion.

3. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.31%. Apple ranked 3rd in trading volume on July 12 with $12.196 billion. Apple Watch faces criticism from young users striving to meet goals. iPhone 17 Pro Max camera to see major upgrades. Apple joined the smart ring market. Apple agreed to open NFC payments to third parties in the EU for ten years.

4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.25%. Microsoft recorded $7.372 billion in trading volume on July 12, down 30.07%. Piper Sandler maintained an Overweight rating with a $465 target price, while BMO Capital maintained an Outperform rating and raised the price target to $500. Microsoft released its Q3 financials on April 25.

5. Alphabet (Nasdaq: GOOG)
Alphabet dipped mildly by -0.28%. Google to release four Pixel 9 series phones next month, including standard and Fold models. Google Pixel 9 in France will start at 899 euros with a 12.5% price increase. Android 15 to natively support Thread protocol for smart home interactions.

6. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -0.29%. Amazon has launched its AI shopping assistant, Rufus, to all US customers after a successful five-month test. Amazon Web Services updated its AI technology stack and introduced Amazon App Studio. Jeff Bezos sold 2.26 million Amazon shares, netting approximately $452.7 million.

7. Meta (Nasdaq: META)
Meta dipped mildly by -2.70%. Meta announced plans to potentially reinstate Donald Trump's Facebook account in the coming weeks. The 128GB version of the Meta Quest 3 received a $70 price cut, now costing $429. Meta is collaborating with universities like Stanford and Carnegie Mellon on AR/VR technology projects.