Magnificient 7: Microsoft’s AR/VR Patent Hints at Display Correction
Monday, Jul 15, 2024 7:00 pm ET
1min read 1. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 1.78%. Cantor Fitzgerald reiterates overweight rating for Tesla with a price target of $230.00. Elon Musk's support for Trump boosts Tesla market sentiment. Tesla's Robotaxi launch date may be delayed.
2. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.67%. Morgan Stanley has rated Apple as the top stock in the AI sector, forecasting that Apple Intelligence will spur record upgrades of iPhones, iPads, and Macs. Apple revealed the new "Midnight" HomePod mini, available from July 17. IDC predicts weak Vision Pro sales in 2024.
3. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.75%. Alphabet Inc. is in advanced talks to acquire cybersecurity startup Wiz for approximately $23 billion, marking its largest acquisition to date. Google has launched new features for its AI assistant Gemini and announced ending support for Android 5.x.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.09%. Microsoft's data centers consumed 24 terawatt-hours of electricity in 2023, equal to over 100 countries' consumption. Microsoft decided to not open-source its Linux and macOS WebView2 versions. Microsoft AR/VR patent suggests display correction for better MR content alignment.
5. Meta (Nasdaq: META)
Meta dipped mildly by -0.54%. Meta Platforms Inc. lifted restrictions on Donald Trump's accounts to ensure equal political expression for presidential candidates ahead of the 2024 election. Meta also developed the System 2 distillation technology, achieving near-perfect accuracy in Llama 2 conversational model tasks.
6. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -0.62%. Nvidia disclosed 21 insider transactions on July 15, 2024. On July 12, 2024, director Mark A. Stevens sold 156,000 shares. Nvidia is under investigation by French competition authorities for alleged anti-competitive behavior. TD Cowen maintains a "Buy" rating on Nvidia with a price target of $165.
7. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -0.91%. Amazon disclosed insider transaction: Jeffrey P. Bezos sold 404,000 shares on July 11, 2024. Adobe predicts Amazon's Prime Day on July 16 will generate $7.1 billion in online revenue. Amazon Web Services launched Amazon EC2 R8g instances. Amazon introduced Rufus AI shopping assistant to U.S. customers.
Tesla gained mildly by 1.78%. Cantor Fitzgerald reiterates overweight rating for Tesla with a price target of $230.00. Elon Musk's support for Trump boosts Tesla market sentiment. Tesla's Robotaxi launch date may be delayed.
2. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.67%. Morgan Stanley has rated Apple as the top stock in the AI sector, forecasting that Apple Intelligence will spur record upgrades of iPhones, iPads, and Macs. Apple revealed the new "Midnight" HomePod mini, available from July 17. IDC predicts weak Vision Pro sales in 2024.
3. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.75%. Alphabet Inc. is in advanced talks to acquire cybersecurity startup Wiz for approximately $23 billion, marking its largest acquisition to date. Google has launched new features for its AI assistant Gemini and announced ending support for Android 5.x.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.09%. Microsoft's data centers consumed 24 terawatt-hours of electricity in 2023, equal to over 100 countries' consumption. Microsoft decided to not open-source its Linux and macOS WebView2 versions. Microsoft AR/VR patent suggests display correction for better MR content alignment.
5. Meta (Nasdaq: META)
Meta dipped mildly by -0.54%. Meta Platforms Inc. lifted restrictions on Donald Trump's accounts to ensure equal political expression for presidential candidates ahead of the 2024 election. Meta also developed the System 2 distillation technology, achieving near-perfect accuracy in Llama 2 conversational model tasks.
6. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -0.62%. Nvidia disclosed 21 insider transactions on July 15, 2024. On July 12, 2024, director Mark A. Stevens sold 156,000 shares. Nvidia is under investigation by French competition authorities for alleged anti-competitive behavior. TD Cowen maintains a "Buy" rating on Nvidia with a price target of $165.
7. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -0.91%. Amazon disclosed insider transaction: Jeffrey P. Bezos sold 404,000 shares on July 11, 2024. Adobe predicts Amazon's Prime Day on July 16 will generate $7.1 billion in online revenue. Amazon Web Services launched Amazon EC2 R8g instances. Amazon introduced Rufus AI shopping assistant to U.S. customers.