Magnificient 7: Alphabet dips 1.34% as Google advances AI with Gemini team integration
Thursday, Oct 17, 2024 7:00 pm ET
1min read 1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.89%. NVIDIA’s October 17 trading volume ranked first on the US stock market at $42.363 billion. Bank of America Global Research raised NVIDIA’s price target to $190, maintaining a buy rating. Amazon AWS will launch NVIDIA AI chips Blackwell in early 2025.
2. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.34%. Amazon confirmed the discontinuation of its Kindle Oasis e-reader. Amazon AWS announced the adoption of Nvidia's Blackwell AI chips, set for early 2025. Additionally, Amazon invested over $500 million in nuclear energy, signing agreements to support its data centers' growing power needs.
3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.16%. Apple integrates A17 Pro chip in the updated iPad mini, manufactured by BYD Precision, maintaining 20W fast charging capability. Research indicates declining iPhone resale value. Apple's iPad Pro 2024 prices drop significantly. iPad 11 unlikely to release before 2025.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.14%. Microsoft introduced new Xbox accessories themed around Call of Duty: Black Ops 6, including customizable Design Labs controllers and a Series X console cover. Additionally, Microsoft Azure OpenAI will discontinue personal services in China, restricting subscriptions to enterprise customers only due to local regulations.
5. Meta (Nasdaq: META)
Meta gained mildly by 0.02%. Meta faces legal action from over 30 U.S. states for alleged teenage addiction. The company is undergoing layoffs across Instagram, WhatsApp, and Reality Labs. TD Cowen and Mizuho maintain positive ratings with price targets at $675 and $650, respectively.
6. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.20%. On October 17, GLJ Research reiterated its sell rating on Tesla, setting a target price at $24.86. Tesla responded to a national security report related to unauthorized mapping by foreign firms, highlighting issues in geographic information, smart driving, and data security.
7. Alphabet (Nasdaq: GOOG)
Alphabet dipped mildly by -1.34%. Alphabet's Google is advancing AI integration by adding the Gemini AI team to DeepMind. Google's search and advertising head resigned. The company recently announced a nuclear power purchase plan to address data centers' energy needs. Google appeals against a ruling in the Epic Games lawsuit.
Nvidia gained mildly by 0.89%. NVIDIA’s October 17 trading volume ranked first on the US stock market at $42.363 billion. Bank of America Global Research raised NVIDIA’s price target to $190, maintaining a buy rating. Amazon AWS will launch NVIDIA AI chips Blackwell in early 2025.
2. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.34%. Amazon confirmed the discontinuation of its Kindle Oasis e-reader. Amazon AWS announced the adoption of Nvidia's Blackwell AI chips, set for early 2025. Additionally, Amazon invested over $500 million in nuclear energy, signing agreements to support its data centers' growing power needs.
3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.16%. Apple integrates A17 Pro chip in the updated iPad mini, manufactured by BYD Precision, maintaining 20W fast charging capability. Research indicates declining iPhone resale value. Apple's iPad Pro 2024 prices drop significantly. iPad 11 unlikely to release before 2025.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.14%. Microsoft introduced new Xbox accessories themed around Call of Duty: Black Ops 6, including customizable Design Labs controllers and a Series X console cover. Additionally, Microsoft Azure OpenAI will discontinue personal services in China, restricting subscriptions to enterprise customers only due to local regulations.
5. Meta (Nasdaq: META)
Meta gained mildly by 0.02%. Meta faces legal action from over 30 U.S. states for alleged teenage addiction. The company is undergoing layoffs across Instagram, WhatsApp, and Reality Labs. TD Cowen and Mizuho maintain positive ratings with price targets at $675 and $650, respectively.
6. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.20%. On October 17, GLJ Research reiterated its sell rating on Tesla, setting a target price at $24.86. Tesla responded to a national security report related to unauthorized mapping by foreign firms, highlighting issues in geographic information, smart driving, and data security.
7. Alphabet (Nasdaq: GOOG)
Alphabet dipped mildly by -1.34%. Alphabet's Google is advancing AI integration by adding the Gemini AI team to DeepMind. Google's search and advertising head resigned. The company recently announced a nuclear power purchase plan to address data centers' energy needs. Google appeals against a ruling in the Epic Games lawsuit.
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