Magnificient 7: Tesla plunged 12.33% amid mixed analyst ratings

1. Apple (Nasdaq: AAPL)
Apple dipped mildly by -2.88%. Apple reported a trading volume of $13.491 billion on July 24, a 50.12% increase from the previous day. JP Morgan maintains an Overweight rating with a $265.00 price target. Analyst Ming-Chi Kuo predicts the removal of iPhone 17 Plus.

2. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -2.99%. Amazon and NBA have entered a long-term broadcast rights agreement. Morgan Stanley maintains Amazon's rating as overweight with a target price of $240. Meta's Llama 3.1 model is now available on Amazon Web Services. Amazon's Alexa division reportedly lost $25 billion between 2017-2021 and might launch a paid version soon.

3. Microsoft (Nasdaq: MSFT)
Microsoft dropped solidly by -3.59%. Microsoft reported a trading volume of $11.502 billion on July 24, 2024. Microsoft announced the launch of a generative search blog for Bing. Lumen Technologies has entered a strategic partnership with Microsoft to support its digital transformation and AI initiatives. Microsoft has no plans to restrict CrowdStrike's access to Windows OS.

4. Alphabet (Nasdaq: GOOG)
Alphabet dropped solidly by -5.03%. Google C's trading volume on July 24 was $5.3 billion, ranking 9th in the U.S. stock market. Alphabet A released its mid-2024 report on July 23, showing revenues of $165.3 billion and net income of $47.3 billion. Analysts maintain strong ratings on Alphabet A.

5. Meta (Nasdaq: META)
Meta dropped solidly by -5.61%. Meta reported July 24 trading volume of $8.058 billion, a 73.69% increase, ranking sixth in US stocks. Meta removed about 63,000 Nigerian Facebook accounts involved in financial sextortion schemes. Meta unveiled its most powerful open-source model, Llama 3.1. Meta Quest VR headset will receive AI functionalities next month.

6. Nvidia (Nasdaq: NVDA)
Nvidia plunged by -6.80%. NVIDIA's July 24 trading volume reached $36.58 billion, topping the U.S. stock market. NVIDIA launched the NVIDIA AI Foundry service and announced the use of Samsung HBM3E memory in AI chips. NVIDIA's GB200 NVL72 server is gaining industry traction, enhancing AI chip interconnectivity.

7. Tesla (Nasdaq: TSLA)
Tesla plunged by -12.33%. Tesla's trading volume on July 24 was $36.39 billion, ranking second in U.S. stocks. New Street Research downgraded Tesla to Neutral with a $225 price target. Piper Sandler maintained an Overweight rating at $300, while Citigroup kept a Neutral rating at $258.