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Magnificient 7: NVDA topped $35.372B volume as Druckenmiller reconsiders purchase

AInvestWednesday, Oct 16, 2024 7:00 pm ET
1min read
1. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 3.13%. NVIDIA’s trading volume reached $35.372 billion, topping the U.S. stock market. Stanley Druckenmiller called selling NVIDIA a major mistake, considering rebuying if prices drop. NVIDIA and Lenovo collaborated on AI solutions. The company is set to launch the RTX 50 series in 2025.

2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 0.80%. Tesla and Geely denied involvement in illegal mapping activities reported by China's Ministry of State Security. Tesla's Global VP emphasized compliance as vital. The companies reaffirmed their dedication to providing safe and reliable products amidst the concerns.

3. Alphabet (Nasdaq: GOOG)
Alphabet dipped mildly by -0.10%. Amazon and Alphabet are investing in AI. Constellation Energy and Vistra Energy benefit from increased nuclear demand. Alphabet's Sundar Pichai sold 12,400 shares. Truist Securities maintains Alphabet A's buy rating, target $220. Google opened its first cross-border e-commerce center in Xiamen. Google partners with Kairos Power for nuclear energy supply.

4. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -0.43%. Amazon launched its first color display Kindle priced at $279, to ship by month-end. Additionally, Amazon has announced investments in small nuclear reactors. Meanwhile, Google signed a nuclear power agreement with Kairos Power for 500MW carbon-free energy by 2030.

5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.63%. Microsoft launched new Azure Cobalt 100-based virtual machines. Xbox services experienced issues, impacting account login access. Microsoft is enhancing energy supply by partnering with nuclear power companies.

6. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.89%. Apple previously collaborated with BYD on long-range EV batteries. The departure of Chief People Officer Carol Surface was announced, 20 months post-joining. Apple Business Connect expands to enhance enterprise-customer connections. The M4 MacBook Pro is set for release, with supply chain preparations underway.

7. Meta (Nasdaq: META)
Meta dipped mildly by -1.62%. Meta faced a lawsuit by over 30 US states, alleging its platforms harm teen mental health. Cantor Fitzgerald reiterated an "Overweight" rating with a target price of $670. Additionally, a federal judge ruled Meta must confront addiction accusations related to Facebook and Instagram.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.