Magnificient 7: Tesla dipped 2.48% amid WeRide's Nasdaq debut

Generated by AI AgentAinvest Market Brief
Monday, Oct 28, 2024 7:00 pm ET1min read
1. Apple (Nasdaq: AAPL)
Apple gained mildly by 0.86%. Apple unveiled the new iMac featuring the M4 chip and Apple Intelligence, alongside revealing features like Genmoji for iOS 18.2. Additionally, Apple faced security issues related to the iPhone's FaceTime feature, prompting user advisories.

2. Meta (Nasdaq: META)
Meta gained mildly by 0.86%. Meta Platforms is reportedly developing an AI search engine. Meta will release its Q3 2024 financial results after market close on October 30, with analysts predicting a revenue increase of 18% to $40.25 billion.

3. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 0.81%. Google will expand AI capabilities to over 100 countries, reaching over 1 billion users monthly. It has filed joint lawsuits with Amazon against BigBoostUp.com for fake reviews. Google is set to announce Q3 earnings, with expected revenue growth over 12%.

4. Amazon (Nasdaq: AMZN)
Amazon gained mildly by 0.30%. Amazon has filed lawsuits with Google against BigBoostUp.com for fake reviews. UBS maintains Amazon's buy rating with a target price of $223. Analysts suggest shorting Amazon before its October 31 earnings report, focusing on AWS growth and retail profit margins.

5. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.36%. Microsoft's trading volume reached $6.353 billion on October 28, ranking fourth in the US market. Truist Securities maintained a Buy rating, setting a $600 target price. Analysts are optimistic about Microsoft's AI business ahead of earnings. Microsoft may consider investing in Bitcoin.

6. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -0.72%. NVIDIA drives AI adoption, with 91% of financial services firms exploring AI for innovation and efficiency. Reports indicate Russia may acquire NVIDIA chips via Indian channels. NVIDIA collaborates with Qualcomm and others on new CPU architecture to challenge Intel and AMD.

7. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -2.48%. WeRide (WRD.US) listed on Nasdaq on October 25, following Horizon Robotics' (9660.HK) Hong Kong Exchange debut. Waymo secured $5.6 billion for Robotaxi production.

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