Magnificient 7: NVIDIA's RTX 5090 Boosts Innovation
Wednesday, Sep 25, 2024 7:00 pm ET
1min read 1. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 2.18%. NVIDIA unveiled the RTX 5090, promising double the performance of predecessors, and introduced the Llama-3.1-Nemotron-51B AI model. Additionally, NVIDIA's Blackwell GPU is in production with expected Q4 revenue of $10 billion. Partnerships are expanding AI and computing innovation.
2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 1.08%. Tesla's Berlin factory expansion faces environmental opposition as workers remove 3,000 trees under police protection. RBC Capital maintains 'Outperform' rating with a $224 target, while Piper Sandler keeps an 'Overweight' rating at $310. Morgan Stanley remains optimistic about Tesla despite downgrading the auto industry.
3. Meta (Nasdaq: META)
Meta gained mildly by 0.88%. Meta Platforms released the Quest 3S headset at its Meta Connect event, unveiled the LLAMA 3.2 AI model, and rejected the EU's voluntary AI safety pledge.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.69%. Microsoft faces an antitrust complaint from Google in the EU over cloud market dominance. Additionally, Microsoft collaborates with TSMC and ANSYS to advance silicon photonics technology and has expanded its global engineering development center to Abu Dhabi.
5. Alphabet (Nasdaq: GOOG)
Alphabet dipped mildly by -0.40%. Alphabet, via Google, lodged a formal complaint with the EU accusing Microsoft of monopolistic practices in the cloud market. Additionally, Oppenheimer maintained its "Outperform" rating for Alphabet C, updating its price target to $185.00 while Alphabet CEO Sundar Pichai noted antitrust cases could last for years.
6. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.44%. Apple CEO Tim Cook appeared on a talk show for promotions. Apple faced issues with HomePod updates and withdrew the update package. Chery's Xingtu vehicles now support Apple's digital key function. Apple is exploring a more affordable Vision Pro headset with lower resolution.
7. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -0.74%. Amazon's transaction volume on September 25 was $5.06 billion, ranking seventh in the US stock market that day. The 12th-generation Kindle was listed by Spanish retailer MediaMarkt, set to launch on September 30, featuring a brighter screen and faster page turns.
Nvidia gained mildly by 2.18%. NVIDIA unveiled the RTX 5090, promising double the performance of predecessors, and introduced the Llama-3.1-Nemotron-51B AI model. Additionally, NVIDIA's Blackwell GPU is in production with expected Q4 revenue of $10 billion. Partnerships are expanding AI and computing innovation.
2. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 1.08%. Tesla's Berlin factory expansion faces environmental opposition as workers remove 3,000 trees under police protection. RBC Capital maintains 'Outperform' rating with a $224 target, while Piper Sandler keeps an 'Overweight' rating at $310. Morgan Stanley remains optimistic about Tesla despite downgrading the auto industry.
3. Meta (Nasdaq: META)
Meta gained mildly by 0.88%. Meta Platforms released the Quest 3S headset at its Meta Connect event, unveiled the LLAMA 3.2 AI model, and rejected the EU's voluntary AI safety pledge.
4. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.69%. Microsoft faces an antitrust complaint from Google in the EU over cloud market dominance. Additionally, Microsoft collaborates with TSMC and ANSYS to advance silicon photonics technology and has expanded its global engineering development center to Abu Dhabi.
5. Alphabet (Nasdaq: GOOG)
Alphabet dipped mildly by -0.40%. Alphabet, via Google, lodged a formal complaint with the EU accusing Microsoft of monopolistic practices in the cloud market. Additionally, Oppenheimer maintained its "Outperform" rating for Alphabet C, updating its price target to $185.00 while Alphabet CEO Sundar Pichai noted antitrust cases could last for years.
6. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.44%. Apple CEO Tim Cook appeared on a talk show for promotions. Apple faced issues with HomePod updates and withdrew the update package. Chery's Xingtu vehicles now support Apple's digital key function. Apple is exploring a more affordable Vision Pro headset with lower resolution.
7. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -0.74%. Amazon's transaction volume on September 25 was $5.06 billion, ranking seventh in the US stock market that day. The 12th-generation Kindle was listed by Spanish retailer MediaMarkt, set to launch on September 30, featuring a brighter screen and faster page turns.
