Magnificent 7: TSLA surged 7.36%; Tesla's China Expansion Discussed at CCPIT Meeting
Friday, Sep 20, 2024 7:00 pm ET
1min read 1. Tesla (Nasdaq: TSLA)
Tesla surged by 7.36%. Xpeng Motors and NVIDIA discussed generative AI transforming autonomous driving; FSD entering China isn't seen as a threat. China's CCPIT Vice Chairman Zhang Shaogang met with Tesla's VP, Grace Tao, to discuss Tesla's development in China and participation in the second Chain Expo.
2. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 3.97%. NVIDIA has reportedly stopped accepting H20 chip orders since last month without formal notification. Some firms claim orders are still being delivered, while others report difficulties placing new orders. Additionally, NVIDIA will collaborate with UAE's G42 on creating a climate technology lab to enhance weather forecasting using AI.
3. Meta (Nasdaq: META)
Meta gained solidly by 3.93%. Meta's Quest 3S headset appeared on a Korean platform, priced at approximately 439,000 KRW, ahead of its expected release next week. On September 17, executive Jennifer Newstead sold 905 shares. Meta also expands collaboration with EssilorLuxottica to develop smart eyewear.
4. Apple (Nasdaq: AAPL)
Apple gained solidly by 3.71%. Apple's iPhone 16 launch shows mixed results. Pro Max model is preferred, while others fall below expectations. Online buyers receive devices faster than in-store. "Fruit chain" suppliers report strong growth, reflecting advanced smart manufacturing capabilities.
5. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 1.85%. Evercore ISI Group maintains an outperform rating on Amazon.com, raising the price target to $240.00. Amazon has launched the AI assistant Amelia to aid third-party sellers with account management, sales, and inventory data. RFID-enabled stores outperform traditional ones with a 112% sales increase.
6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.83%. Microsoft plans to introduce an extension performance detector for the Edge browser. The company is also collaborating with BlackRock to launch a $30 billion AI investment fund for data centers and energy projects. Microsoft demonstrated quantum computing capabilities with Quantinuum.
7. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 1.51%. Google is facing ongoing antitrust pressure, proposing to sell its AdX advertising platform; however, European publishers find the offer insufficient. Meanwhile, Google won partial support from the EU's General Court, canceling a €1.49 billion antitrust fine.
Tesla surged by 7.36%. Xpeng Motors and NVIDIA discussed generative AI transforming autonomous driving; FSD entering China isn't seen as a threat. China's CCPIT Vice Chairman Zhang Shaogang met with Tesla's VP, Grace Tao, to discuss Tesla's development in China and participation in the second Chain Expo.
2. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 3.97%. NVIDIA has reportedly stopped accepting H20 chip orders since last month without formal notification. Some firms claim orders are still being delivered, while others report difficulties placing new orders. Additionally, NVIDIA will collaborate with UAE's G42 on creating a climate technology lab to enhance weather forecasting using AI.
3. Meta (Nasdaq: META)
Meta gained solidly by 3.93%. Meta's Quest 3S headset appeared on a Korean platform, priced at approximately 439,000 KRW, ahead of its expected release next week. On September 17, executive Jennifer Newstead sold 905 shares. Meta also expands collaboration with EssilorLuxottica to develop smart eyewear.
4. Apple (Nasdaq: AAPL)
Apple gained solidly by 3.71%. Apple's iPhone 16 launch shows mixed results. Pro Max model is preferred, while others fall below expectations. Online buyers receive devices faster than in-store. "Fruit chain" suppliers report strong growth, reflecting advanced smart manufacturing capabilities.
5. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 1.85%. Evercore ISI Group maintains an outperform rating on Amazon.com, raising the price target to $240.00. Amazon has launched the AI assistant Amelia to aid third-party sellers with account management, sales, and inventory data. RFID-enabled stores outperform traditional ones with a 112% sales increase.
6. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.83%. Microsoft plans to introduce an extension performance detector for the Edge browser. The company is also collaborating with BlackRock to launch a $30 billion AI investment fund for data centers and energy projects. Microsoft demonstrated quantum computing capabilities with Quantinuum.
7. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 1.51%. Google is facing ongoing antitrust pressure, proposing to sell its AdX advertising platform; however, European publishers find the offer insufficient. Meanwhile, Google won partial support from the EU's General Court, canceling a €1.49 billion antitrust fine.
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