Magnificient 7: Microsoft Unveils $60 Billion Buyback Plan Amidst Mild Market Moves

1. Meta (Nasdaq: META)
Meta gained mildly by 1.65%. Meta's trading volume on September 16 was $5.019 billion, ranking 5th in U.S. markets. DA Davidson rated the stock a buy. Meta Quest 3S device leaked, featuring a USB-C audio solution.

2. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.39%. Alphabet A disclosed insider trading involving the sale of 496 shares by director John L. Hennessy on September 12, maintaining a "Buy" rating by Truist Securities with a target of $196, and "Outperform" by Evercore ISI Group with a revised target of $200.

3. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.17%. Microsoft announced a $60 billion stock buyback plan and increased its quarterly dividend from $0.75 to $0.83 per share, without a set expiration. Additionally, Microsoft signed a major AI agreement with Vodafone, providing Microsoft 365 Copilot to enhance productivity for 68,000 employees.

4. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -0.86%. Intel will customize AI chips for Amazon, reflecting deepening collaboration in technology development.

5. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -1.52%. Tesla announced the production of its 100 millionth 4680 battery, with CEO Elon Musk congratulating the battery team. Canaccord Genuity maintains a buy rating for Tesla with a target price of $254.00. Additionally, Cybertruck's charging capacity reached 405 kW.

6. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.95%. NVIDIA reported nine insider transactions on September 16, 2024, with CEO Huang Jen-Hsun selling 64,300 shares on September 13. The US has approved UAE-based G42 to purchase NVIDIA's advanced AI chips, supporting data center hardware innovation.

7. Apple (Nasdaq: AAPL)
Apple dipped mildly by -2.78%. Apple's September 16 trading volume was $12.795 billion. Evercore ISI Group reiterated its "Outperform" rating with a target price of $250. iPhone 16 series' pre-order sales dropped 12.7%, citing weaker Pro model sales. Apple will adjust iOS in Europe to comply with new EU laws.