Magnificient 7: Meta Unveils Advanced AR Glasses at Developer Conference
Monday, Sep 30, 2024 7:00 pm ET
1min read 1. Apple (Nasdaq: AAPL)
Apple gained mildly by 2.29%. Apple's revenue on September 30 was $12.396 billion, ranked 3rd on that day. The company is evaluating different directions for MR devices, including smart glasses or headphones. An Indian iPhone components factory fire injured at least 10 people, halting production.
2. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 1.15%. Alphabet announced a $1 billion investment for new data centers in Thailand. Cantor Fitzgerald reiterated a Neutral rating on Alphabet A with a target price of $190. Epic Games expanded its antitrust lawsuit against Alphabet regarding app store restrictions with Samsung.
3. Meta (Nasdaq: META)
Meta gained mildly by 0.90%. Meta's September 30 trading volume reached $7.108 billion, ranking fifth in the U.S. market. Cantor Fitzgerald reiterated an overweight rating, while Monness, Crespi, Hardt maintained a buy rating, raising the target price to $620. Meta launched advanced AR glasses, Orion, highlighted at the developer conference.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.53%. Germany intensifies antitrust scrutiny on Microsoft, labeling it a "company of paramount importance for competition." Microsoft also announced an innovative green hydrogen data center pilot project. Reports highlight internal turmoil at Xbox, citing frequent strategy changes.
5. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.45%. Tesla maintained a neutral rating and a $245 target price by Cantor Fitzgerald. There are major updates on Tesla's Cybertruck. Tesla announced its Robotaxi on September 26, addressing delays, and contributing to market optimism on autonomous tech advancements.
6. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.03%. NVIDIA plans AI collaboration with Korea's Kakao next month. NVIDIA's GeForce RTX 5090 GPU, featuring 21,760 CUDA cores and 32GB memory, was leaked. NVIDIA Blackwell GPU servers will ship in December. NVIDIA dominated Q2 GPU shipments with an 88% market share.
7. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -0.87%. Amazon reported a trading volume of $7.653 billion on September 30, ranking fourth that day. Cantor Fitzgerald reiterated an overweight rating for Amazon with a target price of $230, while Truist Securities maintained a buy rating, setting a target of $265.
Apple gained mildly by 2.29%. Apple's revenue on September 30 was $12.396 billion, ranked 3rd on that day. The company is evaluating different directions for MR devices, including smart glasses or headphones. An Indian iPhone components factory fire injured at least 10 people, halting production.
2. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 1.15%. Alphabet announced a $1 billion investment for new data centers in Thailand. Cantor Fitzgerald reiterated a Neutral rating on Alphabet A with a target price of $190. Epic Games expanded its antitrust lawsuit against Alphabet regarding app store restrictions with Samsung.
3. Meta (Nasdaq: META)
Meta gained mildly by 0.90%. Meta's September 30 trading volume reached $7.108 billion, ranking fifth in the U.S. market. Cantor Fitzgerald reiterated an overweight rating, while Monness, Crespi, Hardt maintained a buy rating, raising the target price to $620. Meta launched advanced AR glasses, Orion, highlighted at the developer conference.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.53%. Germany intensifies antitrust scrutiny on Microsoft, labeling it a "company of paramount importance for competition." Microsoft also announced an innovative green hydrogen data center pilot project. Reports highlight internal turmoil at Xbox, citing frequent strategy changes.
5. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.45%. Tesla maintained a neutral rating and a $245 target price by Cantor Fitzgerald. There are major updates on Tesla's Cybertruck. Tesla announced its Robotaxi on September 26, addressing delays, and contributing to market optimism on autonomous tech advancements.
6. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.03%. NVIDIA plans AI collaboration with Korea's Kakao next month. NVIDIA's GeForce RTX 5090 GPU, featuring 21,760 CUDA cores and 32GB memory, was leaked. NVIDIA Blackwell GPU servers will ship in December. NVIDIA dominated Q2 GPU shipments with an 88% market share.
7. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -0.87%. Amazon reported a trading volume of $7.653 billion on September 30, ranking fourth that day. Cantor Fitzgerald reiterated an overweight rating for Amazon with a target price of $230, while Truist Securities maintained a buy rating, setting a target of $265.
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