Magnificent 7: NVDA reclaims top market cap, launches consumer CPU plan
Tuesday, Nov 5, 2024 6:00 pm ET
1min read TSLA --
1. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 3.54%. Tesla has increased wages at its German Gigafactory but rejected a collective agreement. The company also commenced Cybertruck deliveries in Canada. Elon Musk stated that Tesla could develop a non-Android, non-iPhone smartphone but it's not their priority.
2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 2.84%. NVIDIA reclaims the top spot as the world's highest market cap company, surpassing Apple. NVIDIA plans to launch its first Arm-based consumer CPU in September 2025, targeting the high-end PC market. Its machine training method now generates 1,000 demos from just five demonstrations.
3. Meta (Nasdaq: META)
Meta gained mildly by 2.10%. Meta was fined over $15 million by South Korea for illegally collecting sensitive user data. Additionally, Meta's data center project faces delays due to environmental regulations, and it partnered with GelSight to launch Digit 360 tactile sensors.
4. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 1.90%. Amazon's CEO denied that the push for five days in-office work from 2024 is aimed at forced reductions. Amazon disclosed two significant insider transactions on November 5th. AWS launched a Generative AI Innovation Alliance to accelerate deployment. Despite regulatory setbacks, Amazon is committed to a Pennsylvania data center project.
5. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.73%. Microsoft's 2024 Q1 revenue grew 16.04%, and RBC Capital reiterated its outperform rating with a $500 target. Microsoft raised Microsoft 365 subscription prices by up to 41% in several markets, excluding China. A new Xbox AI virtual agent and PowerToys 0.86 were launched.
6. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.65%. Apple is in talks with Foxconn to produce AI servers in Taiwan and also seeks Lenovo's design help. The company faces an EU fine under new digital antitrust rules for app store practices. Russian court also fined Apple 3.6 million rubles.
7. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.43%. Google introduces InkSight AI technology, enabling accurate handwritten text recognition from images. Google CEO Sundar Pichai faces skepticism over claims of AI-generated code, while an APK teardown reveals forthcoming Pixel Screenshots app updates. Additionally, Google faces Pixel sales ban in Indonesia.
Tesla gained solidly by 3.54%. Tesla has increased wages at its German Gigafactory but rejected a collective agreement. The company also commenced Cybertruck deliveries in Canada. Elon Musk stated that Tesla could develop a non-Android, non-iPhone smartphone but it's not their priority.
2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 2.84%. NVIDIA reclaims the top spot as the world's highest market cap company, surpassing Apple. NVIDIA plans to launch its first Arm-based consumer CPU in September 2025, targeting the high-end PC market. Its machine training method now generates 1,000 demos from just five demonstrations.
3. Meta (Nasdaq: META)
Meta gained mildly by 2.10%. Meta was fined over $15 million by South Korea for illegally collecting sensitive user data. Additionally, Meta's data center project faces delays due to environmental regulations, and it partnered with GelSight to launch Digit 360 tactile sensors.
4. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 1.90%. Amazon's CEO denied that the push for five days in-office work from 2024 is aimed at forced reductions. Amazon disclosed two significant insider transactions on November 5th. AWS launched a Generative AI Innovation Alliance to accelerate deployment. Despite regulatory setbacks, Amazon is committed to a Pennsylvania data center project.
5. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.73%. Microsoft's 2024 Q1 revenue grew 16.04%, and RBC Capital reiterated its outperform rating with a $500 target. Microsoft raised Microsoft 365 subscription prices by up to 41% in several markets, excluding China. A new Xbox AI virtual agent and PowerToys 0.86 were launched.
6. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.65%. Apple is in talks with Foxconn to produce AI servers in Taiwan and also seeks Lenovo's design help. The company faces an EU fine under new digital antitrust rules for app store practices. Russian court also fined Apple 3.6 million rubles.
7. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.43%. Google introduces InkSight AI technology, enabling accurate handwritten text recognition from images. Google CEO Sundar Pichai faces skepticism over claims of AI-generated code, while an APK teardown reveals forthcoming Pixel Screenshots app updates. Additionally, Google faces Pixel sales ban in Indonesia.