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Magnificent 7: TSLA surged 21.92% on Q3 Revenue Growth
Generated by AI AgentAinvest Market Brief
Thursday, Oct 24, 2024 7:00 pm ET1min read
1. Tesla (Nasdaq: TSLA)
Tesla surged by 21.92%. Tesla's Q3 revenue grew 8% year-over-year to $25.2 billion. Analysts noted the improvement after a previous quarter's revenue increase without profit growth. Tesla also maintained its full-year guidance.
2. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.90%. Amazon plans to close its Amazon Today same-day service, affecting 175 employees, while launching a low-cost store in the US with items under $20. Needham reiterated its Buy rating for Amazon with a target price of $210.00.
3. Meta (Nasdaq: META)
Meta gained mildly by 0.73%. Meta restricted accounts tracking private jets, sparking Elon Musk's interest. Meta recruits testers for VR headset features and promises software updates to reduce Quest Bluetooth audio delay. Meta AI glasses innovate for visually impaired users. A major fiber optic company partners with Meta.
4. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.61%. NVIDIA announced expanded collaborations in India, launching a Hindi AI model and planning a 20-fold increase in computing capacity. The company is working with major Indian enterprises like Reliance and Infosys, highlighting its commitment to the Indian AI market.
5. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.03%. Microsoft CEO Satya Nadella's 2024 total compensation is $79.1 million, up from $48.5 million in 2023. Microsoft Office now supports Apple's Continuity. The EU fined LinkedIn €310 million. Microsoft Teams introduced Queues for better customer service. Windows 11 adds MIDI 2.0 and ASIO support.
6. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.03%. Alphabet Inc.'s Google will submit AI documents to the US Justice Department following an antitrust ruling and will label AI-edited photos in Google Photos from next week. The UK's CMA investigates Google's partnership with AI startup Anthropic.
7. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.08%. Apple's marketing chief announced plans to update Mac next week. In compliance with EU regulations, iOS 18.2 will allow third-party browsers to add home screen apps using non-WebKit engines. Foxconn's India subsidiary invested $31.8 million in equipment, potentially for iPhone 16 assembly.
Tesla surged by 21.92%. Tesla's Q3 revenue grew 8% year-over-year to $25.2 billion. Analysts noted the improvement after a previous quarter's revenue increase without profit growth. Tesla also maintained its full-year guidance.
2. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.90%. Amazon plans to close its Amazon Today same-day service, affecting 175 employees, while launching a low-cost store in the US with items under $20. Needham reiterated its Buy rating for Amazon with a target price of $210.00.
3. Meta (Nasdaq: META)
Meta gained mildly by 0.73%. Meta restricted accounts tracking private jets, sparking Elon Musk's interest. Meta recruits testers for VR headset features and promises software updates to reduce Quest Bluetooth audio delay. Meta AI glasses innovate for visually impaired users. A major fiber optic company partners with Meta.
4. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.61%. NVIDIA announced expanded collaborations in India, launching a Hindi AI model and planning a 20-fold increase in computing capacity. The company is working with major Indian enterprises like Reliance and Infosys, highlighting its commitment to the Indian AI market.
5. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.03%. Microsoft CEO Satya Nadella's 2024 total compensation is $79.1 million, up from $48.5 million in 2023. Microsoft Office now supports Apple's Continuity. The EU fined LinkedIn €310 million. Microsoft Teams introduced Queues for better customer service. Windows 11 adds MIDI 2.0 and ASIO support.
6. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.03%. Alphabet Inc.'s Google will submit AI documents to the US Justice Department following an antitrust ruling and will label AI-edited photos in Google Photos from next week. The UK's CMA investigates Google's partnership with AI startup Anthropic.
7. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.08%. Apple's marketing chief announced plans to update Mac next week. In compliance with EU regulations, iOS 18.2 will allow third-party browsers to add home screen apps using non-WebKit engines. Foxconn's India subsidiary invested $31.8 million in equipment, potentially for iPhone 16 assembly.
Ainvest Market Brief
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