Magnificient 7: Tesla dropped 4.43%, recalls 1.68 million vehicles

1. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.25%. Apple released iOS 17.6.1 update. macOS 15 Sequoia will fix an 18-year-old vulnerability. Apple's SVP and General Counsel, Kathierine L. Adams, sold $20.60-million worth of Apple stock. Apple might include South Korea in the iPhone 16 series launch market. Quarterly tablet shipments increased 22.1%.

2. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.52%. Amazon reported sales of 79.37 billion USD on August 7, ranking seventh in the US stock market. Additionally, Morgan Stanley lowered Amazon's price target to 210.00 USD but maintained an overweight rating. Amazon's 2024 mid-year revenue was 291.29 billion USD.

3. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.13%. Google expands Waymo driverless taxi services in Los Angeles and San Francisco to meet increasing customer demand. Google Chromecast TV Streamer uses MediaTek MT8696 chip, offering a 22% performance improvement. Google's antitrust violation ruling could significantly impact Apple's annual revenue by $20 billion.

4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.30%. Microsoft accused Delta Air Lines of lacking IT infrastructure modernization, attributing recent network outages to this issue. Additionally, Microsoft’s Authenticator app faced criticism for a design flaw that locked accounts. Despite multiple offers of technical assistance, Delta reportedly declined Microsoft's help, leading to significant losses.

5. Meta (Nasdaq: META)
Meta dipped mildly by -1.05%. Meta Platforms is in talks with Jio for a potential VR collaboration, launched a "Self-Assessment Tool" for AI evaluation, announced a RoCEv2-based large-scale AI network, and disclosed an insider sale by executive Javier Olivan on August 1, 2024. Loop Capital maintains Buy rating with a $575 target.

6. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -4.43%. Porsche Automotive Sales Co., Ltd., Tesla Motors Co., Ltd., Tesla Ltd., and Mercedes-Benz Automotive Sales Co., Ltd. have filed vehicle recall plans with China's State Administration for Market Regulation. Tesla plans to recall over 1.68 million vehicles, addressing defects via OTA updates.

7. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -5.12%. NVIDIA reported a trading volume of $41.65 billion on August 7, 2024. Co-founder and CEO Jensen Huang discussed collaboration with Zoox. NVIDIA disclosed 21 insider transactions on August 6; Huang sold 38,800 shares on August 5. NVIDIA HBM3E chips cleared tests for Samsung, set for Q4 release.