Magnificient 7: TSLA surged 6.34%, Cybertruck price hike

1. Tesla (Nasdaq: TSLA)
Tesla surged by 6.34%. Tesla announced an increase of $20,000 in the starting price of Cybertruck, making it more expensive than the Hummer EV. Additionally, Tesla's suspension defect investigation could lead to a broader recall. Finally, Tesla's Cybertruck will no longer have a rear-wheel drive version.

2. Amazon (Nasdaq: AMZN)
Amazon gained solidly by 4.40%. Temasek invested over $3 billion in Microsoft and Apple before the market downturn. Amazon's Prime Air drones received UK regulatory approval for BVLOS testing. Soros and Druckenmiller reduced holdings in major tech stocks, including Amazon and Nvidia. Appaloosa Management cut positions in Amazon, Microsoft, and Meta.

3. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 4.05%. NVIDIA announced GeForce NOW support for Blizzard's World of Warcraft MOD. Temasek invested over $3 billion in Microsoft, Apple, and other tech stocks before a major U.S. market downturn. Prominent asset managers increased holdings in Chinese stocks and NVIDIA. Stanley Druckenmiller's firm reduced its NVIDIA holdings.

4. Meta (Nasdaq: META)
Meta gained mildly by 2.01%. Meta disclosed 53 insider transactions on August 14, 2024, including CEO Mark Zuckerberg selling 5,147 shares. Meta closed CrowdTangle, a popular social media analytics tool used to monitor trends on Facebook and Instagram. Additionally, Norway’s sovereign wealth fund decreased its holdings in Meta.

5. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.35%. Warren Buffett's Q2 portfolio reveals a significant reduction in Apple holdings. Berkeshire Hathaway also reported cash reserves reaching a record high. Apple has opened third-party NFC payment options and part of its production capacity is returning to China.

6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.00%. Microsoft has addressed a peculiar Windows bug affecting AMD processors' gaming performance. The company has also released Windows 11 Build 27686 for Windows Insider program members in the Canary channel, including new features like the Sandbox Client and increased FAT32 disk size up to 2TB.

7. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.70%. Google investors are anxious amid potential division, with the US Department of Justice considering splitting the Android operating system and Chrome browser. Additionally, former CEO criticized remote work for hindering Google's AI progress, suggesting it falls behind OpenAI due to lack of on-site effort.