Magnificent 7: NVDA surged 6.53%, BlackRock and Vanguard Boost Holdings

1. Nvidia (Nasdaq: NVDA)
Nvidia surged by 6.53%. NVIDIA's trading volume on August 13, 2024, was $35.42 billion, leading the U.S. stock market. BlackRock and Vanguard increased their holdings in NVIDIA in Q2. BNP Paribas also raised its NVIDIA holdings. CEO Jensen Huang sold 240,000 NVIDIA shares in August, netting $24.91 million.

2. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 5.24%. Tesla has stopped accepting orders for the $61,000 Cybertruck on its website; the $100,000 version remains available with deliveries expected this month. Additionally, Tesla's Vice President Tao Lin held discussions with the General Manager of China Automotive Technology and Research Center, Lu Mei.

3. Meta (Nasdaq: META)
Meta gained mildly by 2.44%. Several celebrities sued Meta for using their personal information in fake ads. Meta has renewed its multi-year partnership with Universal Music Group to support the metaverse music industry and address AI music issues. Meta also disclosed 39 insider transactions on August 12, 2024.

4. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 2.06%. Vanguard reduced its stake in Amazon by 18.75 million shares in Q2. JPMorgan also increased holdings in tech giants in Q2, adding to Amazon, among others. Amazon Web Services collaborates with Shulex to enhance AI-based customer service and consumer insights.

5. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.77%. Microsoft unveiled the JARVIS system for AI applications. The Windows 11 24H2 August update improves lock screen and DNS security. Microsoft launched a small window experience for Microsoft Teams meetings. Microsoft's market capitalization has returned to $3 trillion.

6. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.72%. Apple's latest iOS 18 and macOS 15 Sequoia beta versions introduce a major iPhone screen mirroring update, allowing users to manage the iPhone desktop directly on a Mac. Apple collaborates with Rivian to offer native Apple Music support across all Rivian electric vehicles.

7. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 1.21%. Google has released the Pixel 9 series smartphones featuring Tensor G4 and seven years of OTA updates. Google also unveiled the Pixel Studio image generation app and Gemini Live AI voice chat service. Additionally, Google launched Pixel Buds Pro 2 with enhanced ANC. The company faces potential DOJ-imposed breakups.