Magnificient 7: Tesla dipped 1.09%; Robotaxi Launch Set for October 11

1. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.52%. Alphabet Inc. faces challenges over remote removal of pirated apps on Android. CEO Sundar Pichai announced a $3.3 billion investment in two new data centers in South Carolina. Tigress Financial maintains a Strong Buy on Alphabet A with a $220 target price. Google Maps implements measures against fake reviews. Fitbit will fully integrate into Google's ecosystem by migrating to the Google Store.

2. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.51%. Apple's iPhone 16 reportedly faces shorter delivery times, hinting at weaker demand. Morgan Stanley suggests it's the least favored model in recent years.

3. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.43%. NVIDIA's CEO highlighted AI's potential in telecom with T-Mobile's CEO. NVIDIA revealed insider trading by board member Stevens Mark A. The company aims to produce 450,000 Blackwell AI GPUs in Q4, potentially generating over $10 billion if sold. CEO completed a $700 million stock sell-plan.

4. Meta (Nasdaq: META)
Meta dipped mildly by -0.08%. Meta announced the discontinuation of its Quest Pro VR headset by the end of the year, while unveiling the Quest 3S headset. Several firms, including B of A Securities, JP Morgan, and Rosenblatt, raised their price targets on Meta amid ongoing product innovations like AI upgrades to Ray-Ban smart glasses.

5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.19%. Microsoft announced a $1.3 billion investment in Mexico over three years to enhance AI infrastructure. Plans to consolidate Xbox Game Pass and Xbox app for mobile are also underway. Google filed a complaint against Microsoft alleging market dominance abuse.

6. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -0.71%. Amazon executive David Zapolsky sold 2,190 shares on September 24, 2024. American Eagle Outfitters sued Amazon for trademark infringement. A new entry-level Kindle with a brighter screen and faster page turns is set to release soon.

7. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -1.09%. Tesla's Robotaxi launch date is set for October 11, which Elon Musk claims is the most important day since launching Model 3. GLJ Research reiterated a sell rating with a target price of $24.86.