Magnificient 7: NVDA surged 4% on CEO Share Sale and Hitachi Partnership Initiative
Tuesday, Sep 24, 2024 7:00 pm ET
1min read 1. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 3.97%. NVIDIA CEO Jensen Huang has completed the sale of 6 million shares, generating over $700 million as part of a preplanned arrangement. Additionally, NVIDIA partnered with Hitachi to develop a rail infrastructure safety system and plans to release the Blackwell platform to boost liquid cooling technology.
2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 1.71%. Tesla is expected to achieve record Q3 performance in China, with a projected delivery of 459,000 vehicles. Piper Sandler raised the target price, while Cantor Fitzgerald maintained a neutral rating with a $245 target. Tesla's VP expressed commitment to supporting automotive modernization in Henan.
3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.40%. Apple began production of foldable iPhone screens and rear shells, expanded iPhone 16 production to Brazil, retracted HomePod 18.1 Beta 2 update due to bricking issues, and categorized nine Mac models as obsolete. AI capabilities of iPhone 16 remain unimproved.
4. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.35%. Alphabet revealed an insider transaction on September 24, where director John L. Hennessy sold 700 shares. Google is enhancing Android 15 for larger screens and integrating Gemini AI into Snap's chatbot. Android will also support cross-device notification syncing.
5. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.04%. Amazon reported a transaction volume of $8.197 billion on September 24, ranking fourth in the US market. The company is intensifying competitive strategies in global e-commerce and aiding independent station operations with AWS technology. Cantor Fitzgerald reiterated an Overweight rating with a $230 target.
6. Meta (Nasdaq: META)
Meta dipped mildly by -0.19%. Meta Platforms plans to launch a new audio version of its AI chatbot featuring celebrity voices. Additionally, CEO Mark Zuckerberg's net worth has surpassed $200 billion, joining Elon Musk and Jeff Bezos in this exclusive group.
7. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.00%. Microsoft is enhancing its Edge browser with new PDF features and DirectX 12 will support open-source SPIR-V shaders. Microsoft and Constellation Energy plan to restart the Three Mile Island nuclear plant to support AI power needs.
Nvidia gained solidly by 3.97%. NVIDIA CEO Jensen Huang has completed the sale of 6 million shares, generating over $700 million as part of a preplanned arrangement. Additionally, NVIDIA partnered with Hitachi to develop a rail infrastructure safety system and plans to release the Blackwell platform to boost liquid cooling technology.
2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 1.71%. Tesla is expected to achieve record Q3 performance in China, with a projected delivery of 459,000 vehicles. Piper Sandler raised the target price, while Cantor Fitzgerald maintained a neutral rating with a $245 target. Tesla's VP expressed commitment to supporting automotive modernization in Henan.
3. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.40%. Apple began production of foldable iPhone screens and rear shells, expanded iPhone 16 production to Brazil, retracted HomePod 18.1 Beta 2 update due to bricking issues, and categorized nine Mac models as obsolete. AI capabilities of iPhone 16 remain unimproved.
4. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.35%. Alphabet revealed an insider transaction on September 24, where director John L. Hennessy sold 700 shares. Google is enhancing Android 15 for larger screens and integrating Gemini AI into Snap's chatbot. Android will also support cross-device notification syncing.
5. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.04%. Amazon reported a transaction volume of $8.197 billion on September 24, ranking fourth in the US market. The company is intensifying competitive strategies in global e-commerce and aiding independent station operations with AWS technology. Cantor Fitzgerald reiterated an Overweight rating with a $230 target.
6. Meta (Nasdaq: META)
Meta dipped mildly by -0.19%. Meta Platforms plans to launch a new audio version of its AI chatbot featuring celebrity voices. Additionally, CEO Mark Zuckerberg's net worth has surpassed $200 billion, joining Elon Musk and Jeff Bezos in this exclusive group.
7. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.00%. Microsoft is enhancing its Edge browser with new PDF features and DirectX 12 will support open-source SPIR-V shaders. Microsoft and Constellation Energy plan to restart the Three Mile Island nuclear plant to support AI power needs.
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