Magnificient 7: NVDA leads in volume; Tesla unveils Robotaxi release date

1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 2.24%. NVIDIA's trading volume reached $44.118 billion on October 7, ranking first in US stocks. The company introduced Avatar Cloud Engine for dynamic NPC design. CEO Jensen Huang's wealth surpassed Intel's market value.

2. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.57%. Microsoft's transaction volume on October 7 reached $8.545 billion, ranking fourth in US markets. The company announced some games would be available on Xbox following the PlayStation event.

3. Meta (Nasdaq: META)
Meta dipped mildly by -1.87%. Meta's trading volume on October 7 was $70.65 billion, ranking sixth in U.S. markets. Guggenheim maintains a "Buy" rating with a $665 target. Mark Zuckerberg's net worth reached $211 billion, making him the world's second-richest person.

4. Apple (Nasdaq: AAPL)
Apple dipped mildly by -2.25%. Apple's M4 chip is set to launch with new MacBook models; a product event is expected in October. Jefferies downgraded Apple to "hold" with a $205 target due to optimistic iPhone sales expectations. Recent quarterly revenue was $2961.05 billion, with net income at $790.00 billion.

5. Alphabet (Nasdaq: GOOG)
Alphabet dipped mildly by -2.47%. UBS maintains a neutral rating on Alphabet C, lowering the price target to $187. Cantor Fitzgerald also reaffirms a neutral rating on Alphabet A with a $190 target. Hyundai and Google's Waymo collaborate on L4 autonomous cars.

6. Amazon (Nasdaq: AMZN)
Amazon dropped solidly by -3.06%. Amazon faces Wells Fargo's downgrade to Equal-Weight with a price target of $183.00, while Cantor Fitzgerald reaffirms an "Overweight" rating targeting $230.00. Plans include cutting 14,000 management jobs for annual savings of $3 billion.

7. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -3.70%. Tesla plans to launch four new batteries by 2026, with the 100 millionth 4680 cell produced in September. Cantor Fitzgerald maintains a neutral rating with a target price of $245. The company announced the Robotaxi release date amid a mid-size SUV competitive landscape.