Magnificient 7: TSLA surged 5%, Musk Speculated to Attend Bitcoin Conference

1. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 5.15%. Tesla CEO Elon Musk is speculated to attend an upcoming Bitcoin conference in Nashville. Cantor Fitzgerald reaffirmed Tesla’s “Overweight” rating with a price target of $230. Analysts expect Q2 revenue of $24.7 billion and EPS of $0.62. 68% of investors favor Tesla's AI business over EVs.

2. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 4.76%. Nvidia's trading volume on July 22 reached $31.067 billion, ranking first among US stocks. Loop Capital maintains a Buy rating with a $175 price target. Nvidia reported Q1 2025 revenue of $26.044 billion and net income of $14.881 billion. Piper Sandler maintains Overweight with a $140 price target.

3. Meta (Nasdaq: META)
Meta gained mildly by 2.23%. Meta's trading volume on July 22 was $5.846 billion, ranking 8th on Nasdaq. Bernstein maintained its Outperform rating on Meta, targeting $575.00. Meta is applying for a patent to replicate Apple's Vision Pro EyeSight feature. Nigeria fined Meta $2.2 billion for data privacy violations.

4. Alphabet (Nasdaq: GOOG)
Alphabet gained mildly by 2.21%. The UK antitrust agency accepted Alphabet Inc's commitments regarding third-party cookies. Alphabet Inc. released a high-precision AI-enhanced weather simulator. Wedbush reiterated an "Outperform" rating for Alphabet Inc. with a target price of $205.00.

5. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 1.33%. Microsoft's recent widespread Windows system outage may have caused over $1 billion in economic loss, impacting approximately 8.5 million devices globally. Microsoft quickly released and updated a recovery tool for CrowdStrike-related blue-screen issues and has again shut down some cloud services.

6. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.16%. Apple's July 22 trading volume was $10.825 billion, ranking fourth in U.S. stocks. Users report mysterious screen grain on Apple M4 iPad Pro, investigation ongoing. Reports indicate Apple TV+ has spent over $20 billion on original content since its 2019 launch, with limited success, prompting budget cuts. Apple iPhone 16 sees NAND Flash supply strain due to high demand.

7. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -0.32%. Amazon reported Q1 2024 revenue of $143.13 billion, up 12.53%. Amazon is in discussions to acquire Instamart from Swiggy. Bernstein maintains Outperform rating on Amazon, raising target to $215.00. Truist Securities maintains Buy rating, raising target to $230.00. Amazon competes with Warner Bros. Discovery for NBA rights.