Magnificient 7: Tesla surged 14.75%; Model Y price war begins

1. Tesla (Nasdaq: TSLA)
Tesla surged by 14.75%. Tesla Cybertruck was involved in two severe accidents in Mexico, one causing critical injury. CEO Elon Musk praised its durability. Tesla initiated a price war with Model Y falling below 200,000 yuan.

2. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 4.07%. NVIDIA reclaimed its position as the world's most valuable publicly traded company, surpassing Apple, with a market capitalization of $3.43 trillion, driven by the accelerating growth in the AI chip industry.

3. Alphabet (Nasdaq: GOOG)
Alphabet gained solidly by 4.04%. Google has received over 10 billion DMCA requests for copyright link removals. A U.S. judge ruled it's not liable for refunds in Google Play gift card scams. Google is collaborating with Saudi Arabia's PIF to establish an AI center. Android 16 is set for an early launch with enhanced AI features.

4. Amazon (Nasdaq: AMZN)
Amazon gained solidly by 3.80%. Amazon's November 6 sales reached $12.752 billion. Needham reiterated a buy rating with a $210 target. CEO Andy Jassy defended the office return policy for cultural reasons. The FAA approved testing of Amazon's new delivery drone in Arizona. Revenue for Q3 2024 was $450.167 billion, with $39.244 billion net profit.

5. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 2.12%. Microsoft faces challenges amid intense Xbox competition, releases StarCraft game on PC Game Pass. Morgan Stanley predicts tech giants, including Microsoft, will invest $300 billion in data centers by 2025. RBC Capital reaffirms outperform rating with a $500 target price.

6. Meta (Nasdaq: META)
Meta dipped mildly by -0.07%. Meta faces a $15.67 million fine in Korea over improper user data handling. Meta's former AR glasses project lead has joined OpenAI's robotics team. Meta is reportedly cutting third-party AR/VR funding, but pledges increased developer support.

7. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.33%. Apple warns future products may not be as profitable as iPhones as it ventures into unproven markets like AI and VR headsets; iPhone 16 faces a sales ban crisis, prompting a significant financial commitment to lift it. Meanwhile, iPhone user engagement remains a marketing challenge.