Magnificient 7: NVDA secured growth amidst competition with AMD

1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 2.43%. NVIDIA's recent growth is attributed to easing investor concerns over product delays and securing long-term growth prospects. CEO Jensen Huang aims for 50,000 employees and 100 million AI assistants. AMD's new AI chip competes directly with NVIDIA’s Blackwell.

2. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.65%. Apple's iPhone 18 Pro Max will debut the 2nm A20 chip with 12GB RAM in 2026. Apple pre-ordered TSMC's initial 2nm production capacity, anticipating a 10-15% performance boost and up to 30% power reduction.

3. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 1.11%. Alphabet signed a deal to purchase nuclear energy from Kairos Power to meet growing data center demands. Google plans to update third-party policies in November, imposing new penalties for violations. Google is seeking to delay the order requiring it to open its app store further.

4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.68%. Microsoft's senior AI researcher Bubeck will join OpenAI. Microsoft has stopped supporting the first-generation Surface Laptop Go. Goldman Sachs lowered the target price for Microsoft to $500 but maintained a "buy" rating due to adjusted AI capital expenditure forecasts.

5. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.62%. Tesla showcased remote control features of its humanoid robot, Optimus, during the Robotaxi Day event. Additionally, CEO Elon Musk announced plans to produce autonomous taxis by 2027, priced under $30,000, despite investor disappointment.

6. Meta (Nasdaq: META)
Meta gained mildly by 0.08%. Meta's transaction value reached $48.70 billion, ranking 7th on October 14. Stifel maintained a buy rating with a price target of $663.00. Meta confirmed the cancellation of its high-end headset Quest Pro 2, shifting focus to lightweight models.

7. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -0.68%. Amazon is targeting low-cost markets, intensifying competition with Temu. Concerns arise among merchants about Amazon's focus on cheaper products and private labels.