Magnificient 7: Tesla surged 4.90% with Musk eyeing government collaboration

1. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 4.90%. Tesla's trading volume on September 5 was $27.268 billion, up 54.84% from the previous trading day. Wolfe Research assumes Tesla at Peer Perform. Morgan Stanley reiterates Overweight on Tesla with a price target of $310. Trump's campaign team advisor discusses collaboration with Tesla CEO Elon Musk on government efficiency.

2. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 2.63%. Amazon's trading volume on September 5, 2024, was $7.062 billion, ranking fourth in the US stock market. Amazon disclosed an insider transaction by executive Herrington Douglas J, who sold 3,500 shares on September 3, 2024. White House officials met with representatives from Amazon. Jeff Bezos' Earth Fund committed $30 million to the National University of Singapore for alternative protein research. Cantor Fitzgerald initiated coverage on Amazon.com with an Overweight rating.

3. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.94%. Nvidia and Microsoft face patent infringement lawsuit from Xockets related to semiconductor technology. B of A Securities reiterated its Buy rating on Nvidia, with a new target price of $165.00. Nvidia invested in Applied Digital and Japanese AI firm Sakana AI, aiming to boost AI development.

4. Meta (Nasdaq: META)
Meta gained mildly by 0.80%. Cantor Fitzgerald initiates coverage on Meta with an overweight rating and a $660 price target. Meta disclosed insider transactions on September 3 and 4, including sales by Javier Olivan and Mark Zuckerberg. Meta's Llama AI model family surpassed 350 million downloads globally.

5. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.69%. The European Union has implemented strict measures against Apple's high commission rates on the App Store, leading to antitrust investigations. Huawei and Apple have both scheduled product launch events on September 10.

6. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.50%. Alphabet's trading volume on September 5 totaled $2.225 billion, ranking 13th in U.S. markets. Alphabet's CEO Sundar Pichai sold 11,700 shares. White House officials met with representatives from Alphabet. Cantor Fitzgerald initiated coverage on Alphabet A with a neutral rating. Wedbush reiterated an outperform rating on Alphabet A.

7. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.12%. Microsoft's trading volume on September 5 was $5.782 billion. U.S. White House officials met with representatives from Google, Amazon, and Microsoft. Xockets sued Nvidia and its partner Microsoft for patent infringement. Microsoft apologized for the communication gap regarding the game "Lost Song of Eratia." Microsoft announced the Surface Pro 10 5G for December 17 in China. Microsoft's merger with Inflection AI passed the UK antitrust review.