Magnificient 7: Nvidia dipped 2.12%, Analysts Remain Optimistic

1. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.78%. Microsoft announced new additions to Xbox Game Pass, including "The Texas Chain Saw Massacre," "Everspace 2," and "Firewatch." North American cloud providers exceeded CapEx expectations in Q2 2024, with positive AI trends. Microsoft Loop 2.0 was released with revamped UI. Multiple critical vulnerabilities were found in Microsoft 365 macOS apps.

2. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.37%. Amazon disclosed three insider transactions on August 19, with executive Herrington Douglas J selling 3102 shares on August 15. Additionally, Amazon acquired Perceive’s AI software and hardware assets for $80 million. High AI investments continue to affect Amazon's profitability.

3. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.33%. Google's trading volume on August 20 was $1.947 billion, ranking 16th in U.S. stocks. Google plans to integrate Pixel Screenshots review features into Android. Google will block sensitive content during screen sharing and recording in Chrome. Google received customized HBM requests from global companies. Google will cease Fitbit smartwatch production but continue Pixel Watch.

4. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.27%. Apple plans to produce iPhone 16 Pro in India, with Foxconn's full support. A new Apple desktop AI robot, priced at $7,000, will be launched. New AirPods are expected to be released this fall.

5. Meta (Nasdaq: META)
Meta dipped mildly by -0.48%. Meta reported a trading volume of $4.182 billion on August 20, 2024, ranking 9th in the US market. On August 19, 2024, Meta disclosed 62 insider transactions, including Cox Christopher K's sale of 15,500 shares. Meta also launched the HDMI Link app for Quest headsets on August 18, 2024.

6. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.73%. Tesla's trading volume on August 20 was $16.403 billion, ranking second in the US market. Baird upheld Tesla's rating as outperform with a $280 target price. The EU plans a 9% anti-subsidy tax on Chinese-imported Tesla vehicles. Tesla faces challenges with FSD approval in China.

7. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -2.12%. NVIDIA's trading volume reached $37.67 billion on August 20, ranking first in the US stock market. Analysts from Wedbush and Goldman Sachs remain optimistic about NVIDIA's prospects, citing continued AI spending.