Magnificent 7: NVDA Dipped Mildly on Record Trading Volume

1. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.30%. Google's Pixel 9a design, featuring a slightly protruding camera and bottom SIM card slot, has been leaked, showing similarities to the Pixel 9. Early renders reveal a new rear camera layout. Former CEO comments spark backlash, highlighting remote work trends.

2. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.15%. Apple announced Kevan Parekh will replace Luca Maestri as CFO. The company is set to host a product launch event on September 9 at its headquarters, likely revealing details on the iPhone 16 and other new devices.

3. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.79%. Microsoft engineers' salaries leaked, revealing AI department's average of $270k, significantly higher than other departments. Edge browser's v128.0 update ends support for older CPUs.

4. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -0.87%. Amazon's August 26 trading volume reached $3.919 billion, ranking 9th on US stock markets that day. Wells Fargo maintained an Overweight rating on Amazon.com but lowered its price target to $225.00. Amazon Games plans to support Nintendo Switch 2 with future game developments.

5. Meta (Nasdaq: META)
Meta dipped mildly by -1.30%. Meta ceased development of the next-generation MR headset due to high costs. Meta will introduce Quest 3S, a cheaper headset similar to Google Glass. Meta and Spotify CEOs criticized European AI regulations for potentially hindering industry growth.

6. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -2.25%. Nvidia's trading volume on August 26, 2024, was $41.825 billion, ranking first in U.S. stocks. Loop Capital reiterated its Buy rating for Nvidia with a new target price of $175. Nvidia will report its Q2 fiscal 2025 financials on August 28, 2024.

7. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -3.23%. Tesla delivered its electric truck Semi to the Berlin Gigafactory. Tesla's Model 3/Y loan plan extended to September. Tesla Model Y revamped version spotted in the U.S. Tesla reactivated its referral program in the U.S. Only Geely and Tesla met EU carbon emission standards.