Magnificient 7: NVDA Surged 7% Amid AMD's AI Chip Competition and Apple's Adhesive Plans

1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 1.63%. AMD announced it will start mass-producing its MI325X AI chip in Q4 2023, aiming to compete with NVIDIA's Blackwell in the AI chip market. The announcement was made at an event in San Francisco, signaling AMD's commitment to enhancing its market position.

2. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.80%. Amazon announced Apple TV+ will be available through Prime Video in the USA for $9.99/month starting late October. DA Davidson and Telsey Advisory Group maintain positive ratings on Amazon.com. The company is enhancing delivery speed and customer purchase decision-making with new technology.

3. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.07%. Google's EMEA head Matt Brittin steps down after a decade. The US Department of Justice may seek to dismantle Google for search monopoly. Google partners with Sequoia Capital for a non-exclusive cloud computing deal, offering support for AI startups.

4. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.22%. Apple plans to introduce a new battery adhesive in the iPhone 17 series to facilitate easier disassembly and repair. Additionally, Apple has opened an application research lab in Shenzhen to enhance product reliability, investing over 1 billion RMB.

5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.39%. Microsoft's trading volume reached $5.733 billion on October 10, ranking fifth in U.S. markets. Goldman Sachs maintained a Buy rating with a $500 target price. Microsoft issues warnings on cloud storage phishing scams, including OneDrive and others.

6. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.95%. Tesla will offer permanent positions to 500 temporary workers at its Grünheide gigafactory. Cantor Fitzgerald reaffirmed its neutral rating on Tesla with a new price target of $245. Tesla will officially unveil the Robotaxi on October 11 in Los Angeles.

7. Meta (Nasdaq: META)
Meta dipped mildly by -1.13%. On October 10, Truist Securities and Raymond James both maintained buy ratings for Meta with a price target of $650. Additionally, Meta agreed to modify its data usage practices, leading to a resolution of litigation with Germany's antitrust authority.