Magnificient 7: TSLA surged 7%, Robotaxi Reveal Set for October 10

1. Tesla (Nasdaq: TSLA)
Tesla surged by 7.36%. Tesla is set to unveil its Robotaxi autonomous taxi on October 10, described by Elon Musk as a pivotal moment since the launch of Model 3. Tesla's innovative integrated casting in manufacturing continues to offer cost and weight advantages.

2. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 3.97%. NVIDIA's trading volume topped $34.71 billion, leading US markets. CEO Jensen Huang sold 6 million shares over the past three months, netting $700 million. NVIDIA reportedly acquired OctoAI for $165 million, enhancing its AI focus, and plans to launch a new RTX 5090 card.

3. Meta (Nasdaq: META)
Meta gained solidly by 3.93%. Meta Platforms faces potential EU antitrust fines for alleged monopoly in classified ads, partners with BTG Pactual for carbon credits up to 2038, bans Russian media on its platforms, and extends a decade-long partnership with EssilorLuxottica for smart eyewear development.

4. Apple (Nasdaq: AAPL)
Apple gained solidly by 3.71%. Apple unveils upgraded iPad mini and Mac with advanced processors. Reports suggest Apple's first in-house 5G chip lacks millimeter-wave support, leading to continued reliance on Qualcomm. Legal challenges arise in Europe over allegedly unjust profits. iPhone 16 sales appear below expectations. Needham reaffirms Apple's buy rating, target price $260.

5. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 1.85%. Amazon launched AI assistant Amelia for third-party sellers. BMO Capital maintained an outperform rating with a target of $230. Warehouse worker wages will rise by at least $1.5 per hour. New in-office policy starting January 2025 caused employee dissatisfaction.

6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.83%. Microsoft launched a new Windows app for unified remote experiences on multiple platforms, introduced AI infrastructure investment partnerships with BlackRock, and announced a $60 billion buyback program alongside a 10% dividend increase.

7. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 1.51%. Alphabet (GOOGL.US) faced mixed reactions regarding its proposal to sell its AdX platform to end an EU antitrust probe. The EU court partially agreed with Google's appeal, waiving a €14.9 billion antitrust fine. YouTube launched AI tools to enhance content creation.