Magnificient 7: Nvidia surged 2.69%，boosting revenue with new chip

1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 2.69%. NVIDIA's trading volume on July 10, 2024, was $32.56 billion, ranking second on the day in the U.S. stock market. Analysts forecast NVIDIA's new chip will boost revenue growth. xAI halted plans to expand its rental of NVIDIA chips.

2. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.88%. Apple users are holding onto their devices longer, with 71% of iPhone users and 68% of Mac users using devices for over two years. Apple has released macOS 15 Developer Preview Beta 3 and the third public beta versions of iOS 17.6, iPadOS 17.6, and macOS 14.6. Apple plans to increase new iPhone shipments by 10% in 2024.

3. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.46%. Microsoft employees in China received free iPhone 15s. Microsoft will provide around 20 million euros to settle the EU antitrust lawsuit from CISPE. Call of Duty: Modern Warfare 3 will join Xbox Game Pass later this month. Microsoft has given up its OpenAI board seat amidst FTC antitrust concerns.

4. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 1.17%. Alphabet C reported Q1 2024 revenue of $80.39 billion, up 15.41% year-over-year, with net profit of $23.662 billion. On July 10, TD Cowen maintained its Buy rating on Alphabet C and raised the price target to $220.00.

5. Meta (Nasdaq: META)
Meta gained mildly by 0.88%. Meta's trading volume on July 10 was $5.854 billion, ranking 8th on the Nasdaq. TD Cowen maintains a Buy rating on Meta, setting a new price target at $600. Insider transactions on July 9 and July 8 show sales by executives Olivan Javier and Mark Zuckerberg.

6. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.35%. Tesla's Model 3 prices have increased by approximately 1500 euros in Germany, the Netherlands, and Spain. The company released updated spy shots for the new Model Y, revealing upgraded interior and exterior features. Goldman Sachs maintained a neutral rating with a $248.00 price target.

7. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.23%. Amazon reported Q1 2024 revenue of $143.13 billion and net income of $10.431 billion. TD Cowen, Roth MKM, and Jefferies maintain Buy ratings with price targets of $245, $210, and $235 respectively. Jeff Bezos sold Amazon shares worth $863 million in early July.