Magnificient 7: Tesla slumps 4% after CrowdStrike disruption

1. Meta (Nasdaq: META)
Meta gained mildly by 0.20%. Meta Platforms Inc. had a trading volume of $7.037 billion on July 19, 2024, ranking 8th. Oppenheimer maintained its "Outperform" rating on Meta, raising the price target to $525. Meta is in talks to acquire a minority stake in Ray-Ban maker EssilorLuxottica to advance smart glasses development. The U.S. regulatory approval for Meta's stake in EssilorLuxottica has been obtained. Meta will not offer its multimodal AI model Llama in the EU due to regulatory uncertainty.

2. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.09%. Google announced it plans to terminate the goo.gl short link service by August 25, 2024. There are reports that Alphabet is negotiating a potential $23 billion acquisition of Wiz. Google is seeking to lead a $250 million funding round for India's Glance.

3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.06%. Apple's transaction volume on July 19, 2024, was $11 billion, ranking 4th on the US stock market. Apple is increasing automation efforts. iPhone 16 features advanced technology. Goldman Sachs raises Apple's target price to $265, forecasting 230 million iPhone units shipped in fiscal 2024.

4. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -0.34%. Amazon transacted $7.863 billion on July 19, ranking 6th on the U.S. stock market that day. Amazon will release its Q2 earnings report on August 1 and hold an earnings call at 5:30 PM ET. "Prime Day" sales hit a record $14.2 billion in online shopping.

5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.74%. Microsoft reported transaction volume of $9.097 billion on July 19, 2024, fifth in the U.S. stock market. A global outage linked to antivirus software updates caused widespread blue screen issues. Microsoft confirmed restoration of affected Microsoft 365 apps and services. Over 1,000 U.S. flights were canceled due to technical failures.

6. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -2.61%. NVIDIA reported trading volume of $25.408 billion on July 19, 2024, leading U.S. stocks. The company disclosed 13 insider transactions on the same date, including CEO Jensen Huang selling 50,700 shares. NVIDIA CEO Jensen Huang and Meta CEO Mark Zuckerberg will discuss AI advancements at SIGGRAPH 2024.

7. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -4.02%. Tesla experienced a production line interruption due to a CrowdStrike malfunction. Morgan Stanley reaffirmed its overweight rating on Tesla with a target price of $310. Tesla reported Q1 2024 revenue of $21.301 billion, a YoY decrease of 8.69%. Tesla has increased the prices of Model S and Model X by $2,000 in the US.