Magnificient 7: Meta dropped 4.11%, partners with Carnegie Mellon

1. Apple (Nasdaq: AAPL)
Apple dipped mildly by -2.32%. Apple Inc. recorded a trading volume of $147.10 billion on July 11, ranking third in the US stock market. Wedbush reiterated its outperform rating on Apple with a target price of $275.00. B of A Securities maintained its buy rating with a target price of $256.00.

2. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -2.37%. Amazon's trading volume on July 11 was $8.572 billion, ranking seventh on the US stock market. Amazon disclosed two insider trading transactions, including Jeff Bezos selling 1.996 million shares worth $452.7 million. Amazon partnered with NBC for a $76 billion NBA broadcasting deal. Amazon Web Services launched Amazon App Studio for generative AI.

3. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -2.48%. Microsoft has released the Windows 11 KB5040527 update for Release Preview Channel members. U.S. Republican lawmakers demand evaluation of Microsoft's partnership with G42. Microsoft withdrew its observer seat from OpenAI's board amid regulatory pressure. Microsoft settled a European antitrust probe with a 20 million euro agreement.

4. Alphabet (Nasdaq: GOOG)
Alphabet dipped mildly by -2.78%. Alphabet announced it will not proceed with the acquisition of software company HubSpot. Google Pixel 9 series will include ultrasonic fingerprint sensors. Google and Apple launched cross-platform data migration. Google Cloud is exploring options to counter Microsoft’s licensing practices.

5. Meta (Nasdaq: META)
Meta dropped solidly by -4.11%. Meta's trading volume reached $8.48 billion on July 11, ranking 8th in the US stock market. Meta partnered with Carnegie Mellon to develop AR/VR neural wristband interaction. On July 10, Meta disclosed 57 insider transactions, including Mark Zuckerberg selling 2,947 shares. TD Cowen maintained Meta's Buy rating with a target price of $600 on July 10.

6. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -5.57%. Nvidia recorded trading volume of $48.106 billion on July 11, 2024, ranking it second in U.S. markets. On the same day, Nvidia disclosed 13 insider transactions, including Director Mark A. Stevens selling 400,000 shares and CEO Jensen Huang selling 240,000 shares, netting $104 million and $31.9 million, respectively.

7. Tesla (Nasdaq: TSLA)
Tesla plunged by -8.44%. Tesla announced the delay of its Robotaxi launch to October. Tesla recently supplied Model Y vehicles to Chinese state-owned enterprises for the first time. Tesla designers are tasked to redesign Robotaxi elements. Wedbush reiterated its "outperform" rating on Tesla with a price target of $300.