Magnificient 7: NVDA Trading Volume Tops $319B, Microsoft AI Usage Soars
Tuesday, Oct 22, 2024 7:00 pm ET
1min read 1. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 2.08%. Microsoft released 10 new AI agents, with Copilot's active users surpassing 2.1 million and 60% of Fortune 500 companies using it. Additionally, they launched a new Xbox wireless headset with upgraded features and extended battery life.
2. Meta (Nasdaq: META)
Meta gained mildly by 1.19%. Meta Platforms Inc.'s trading volume reached $49.33 billion on October 22, ranking seventh. Jefferies maintains a Buy rating with a $675 target price. Meta reintroduces facial recognition to tackle celebrity scam ads and enhances WhatsApp with AI chatbot memory features.
3. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.62%. Qualcomm partners with Google to develop automotive AI products, expanding its automotive sector offerings. Mercedes plans to use Qualcomm’s Snapdragon Cockpit Elite chip in future vehicles.
4. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.33%. Amazon is discontinuing its same-day delivery service from shopping centers, with most operations closing by December 2. Furthermore, Amazon will eliminate plastic bubble wrap from its packaging by October 2024, addressing environmental concerns. Anthropic, supported by Amazon, has launched an AI agent capable of performing complex tasks on computers.
5. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -0.08%. NVIDIA's trading volume reached $319.30 billion on October 22, ranking first on the US stock market. The company plans to announce an investment in Thailand by December. NVIDIA has rebranded its Blackwell Ultra line to B300 series, boosting demand for advanced packaging technology.
6. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.26%. Apple released iPadOS 18.0.1, fixing app and security issues, and updated firmware for AirPods models. The company plans to launch a thinner iPhone 17 Air next year and is developing a new gaming-focused App Store to enhance its appeal to gamers. Apple announced significant price cuts on iPhone 16 models.
7. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.40%. Tesla is being sued by Alcon Entertainment for unauthorized use of images from the film "Blade Runner 2049" in promotional material.
Microsoft gained mildly by 2.08%. Microsoft released 10 new AI agents, with Copilot's active users surpassing 2.1 million and 60% of Fortune 500 companies using it. Additionally, they launched a new Xbox wireless headset with upgraded features and extended battery life.
2. Meta (Nasdaq: META)
Meta gained mildly by 1.19%. Meta Platforms Inc.'s trading volume reached $49.33 billion on October 22, ranking seventh. Jefferies maintains a Buy rating with a $675 target price. Meta reintroduces facial recognition to tackle celebrity scam ads and enhances WhatsApp with AI chatbot memory features.
3. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.62%. Qualcomm partners with Google to develop automotive AI products, expanding its automotive sector offerings. Mercedes plans to use Qualcomm’s Snapdragon Cockpit Elite chip in future vehicles.
4. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.33%. Amazon is discontinuing its same-day delivery service from shopping centers, with most operations closing by December 2. Furthermore, Amazon will eliminate plastic bubble wrap from its packaging by October 2024, addressing environmental concerns. Anthropic, supported by Amazon, has launched an AI agent capable of performing complex tasks on computers.
5. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -0.08%. NVIDIA's trading volume reached $319.30 billion on October 22, ranking first on the US stock market. The company plans to announce an investment in Thailand by December. NVIDIA has rebranded its Blackwell Ultra line to B300 series, boosting demand for advanced packaging technology.
6. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.26%. Apple released iPadOS 18.0.1, fixing app and security issues, and updated firmware for AirPods models. The company plans to launch a thinner iPhone 17 Air next year and is developing a new gaming-focused App Store to enhance its appeal to gamers. Apple announced significant price cuts on iPhone 16 models.
7. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -0.40%. Tesla is being sued by Alcon Entertainment for unauthorized use of images from the film "Blade Runner 2049" in promotional material.
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.
_b578c23f1747860566557.jpeg)
_af7af7fd1747852649696.jpeg)
