Magnificient 7: NVDA hit record high as market cap surpasses $3.5 trillion

1. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 4.14%. NVIDIA's market value hit a record high, surpassing $3.5 trillion, following a stock increase of over 2%. The company's China Developer Day recently concluded, focusing on AI and deep learning. Microsoft significantly increased orders for NVIDIA's GB200 chips.

2. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.63%. Apple's iPhone 16 saw 20% increased sales ahead of its launch, but faced price cuts 40 days post-release, sparking discussions. Speculation surrounds the high cost of the upcoming iPhone 17 Air. Apple's sales hit 10 billion yuan within five minutes during Tmall's Double 11 event.

3. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.45%. Honeywell and Google have partnered to integrate Gemini into industrial sectors. Google plans to merge Gemini with DeepMind next month, as announced by CEO Sundar Pichai, to consolidate AI efforts across the company.

4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.15%. Sequoia Financial Advisors LLC increased holdings in Apple, Nvidia, and Meta, built a long position in Lumen Technologies, and exited Caesars Entertainment. Microsoft plans to release AI agents for customer tasks and signed a five-year AI services deal with the UK government.

5. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.04%. Amazon signed three nuclear reactor development agreements to support growing data center energy needs, aligning with other tech giants like Google and Microsoft in the nuclear energy domain.

6. Meta (Nasdaq: META)
Meta dipped mildly by -0.23%. Meta introduced an AI memory feature to WhatsApp for personalized recommendations and developed a thumb-based machine learning AR/VR micro gesture system, STMG. Additionally, Meta Quest headsets received a v71 system update, enhancing GPU performance by 10% on Q3/3S models.

7. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.84%. Alcon Entertainment sued Tesla and Warner Bros. for using "Blade Runner 2049" imagery to promote Tesla's CyberCab. Tesla's revenue for the first half of 2024 was $46.8 billion, down 3.02% year-over-year, with net profit at $2.638 billion.