Magnificent 7: NVDA surged 4.55%, Evercore ISI targets $150

1. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 4.59%. Tesla reported a trading volume of $17.731 billion on August 23, 2024, ranking second in US stock markets. Tesla's humanoid robot Optimus was displayed at the 2024 World Robot Conference. Tesla built 11,500+ superchargers in China, with a 99.5% usage rate. BMW surpassed Tesla in European electric vehicle sales in July.

2. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 4.55%. Nvidia recorded $41.12 billion in trading volume on August 23, making it the most traded stock on the US market that day. Evercore ISI Group maintained an outperform rating and set a $150.00 price target. Wedbush raised its target price from $120 to $138.

3. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 1.17%. Google's transaction volume on August 23 was $2.382 billion, ranking 15th in the US stock market. The company also experienced over 1% growth. The UK antitrust agency halted its investigation into Google Play Store pending new legislation. Google released Android 15 with enhanced features, and issued a Chrome security update addressing a high-risk vulnerability.

4. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.03%. Apple plans to launch new iPhone, AirPods, and Watch on September 10, with sales starting September 20. Apple compelled to give EU users more iPhone freedom: apps, even App Store, can be deleted. Apple forecasts iPhone 16 Pro/Max models to account for 70% of sales.

5. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.52%. Amazon reported $5.154 billion in trading volume on August 23, 2024. The company disclosed 21 insider trading transactions on the same day. CFO Brian Olsavsky sold 14,600 shares on August 21, 2024. Amazon stated the next Tomb Raider game, published by Amazon Games, is progressing well.

6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.30%. Microsoft will host a cybersecurity summit in September to address changes following CrowdStrike's software issue. Microsoft unveiled the new multiplayer mode "Hide and Seek" for "Forza Horizon 5," launching around September 10. Microsoft Edge is testing the Phi3 Mini AI model integration.

7. Meta (Nasdaq: META)
Meta dipped mildly by -0.74%. OpenAI has hired former Meta Platforms Inc. executive Irina Kofman to lead its strategic planning, initially focusing on safety and preparation efforts. Kofman will report directly to OpenAI’s Chief Technology Officer, Mira Murati.