Close Menu
American FocusAmerican Focus
  • Home
  • Binance
  • Bitcoin
  • Business
  • CoinDesk
  • Crypto
  • ESG
  • Finance
  • Market
  • Stocks
  • Trading

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

‘Nothing Stops This Train’—$37 Trillion ‘Emergency’ Behind Tesla CEO Elon Musk’s ‘America Party’ Primes A Bitcoin Price Bombshell

July 6, 2025

Retail investors reap big gains from ‘buying the dip’ in US stocks

July 6, 2025

Higher seller’s stamp duty, longer holding period for private homes to have limited impact on market: Analysts

July 4, 2025
Facebook X (Twitter) Instagram
  • Home
  • About Us
  • Advertise with Us
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
American FocusAmerican Focus
  • Home
  • Binance
  • Bitcoin
  • Business
  • CoinDesk
  • Crypto
  • ESG
  • Finance
  • Market
  • Stocks
  • Trading
American FocusAmerican Focus
Home»Stocks»Magnificent Seven Stocks: Nvidia Stock Rallies From Key Support Level

Magnificent Seven Stocks: Nvidia Stock Rallies From Key Support Level

JournalistBy JournalistDecember 6, 2024No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Share
Facebook Twitter LinkedIn Pinterest Email


Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. And all of them boasted solid year-to-date gains in the final month of 2024.




↑
X



NOW PLAYING
Small Caps Lag As Nasdaq Holds Near Highs: Fiserv, Veracyte, Heico In Focus



Due to their outsized market capitalizations, Magnificent Seven stocks hold a disproportionate influence on the market-cap weighted Nasdaq composite and S&P 500 indexes.

For an in-depth look at this issue, check out IBD’s page on the Magnificent Seven weightings, market capitalizations and the companies’ latest news stories.

Magnificent Seven Stocks Performance

Company Name
Symbol
2024 YTD Performance

Alphabet
(GOOGL)
+22.7%

Amazon
(AMZN)
+40.5%

Apple
(AAPL)
+26.0%

Meta Platforms
(META)
+73.4%

Microsoft
(MSFT)
+14.7%

Nvidia
(NVDA)
+183.2%

Tesla
(TSLA)
+41.4%

Source: IBD Data as of Dec. 4

Nvidia Stock Rebounds

Nvidia stock slipped 1.7% Friday. The stock is just above a 140.76 buy point and rebounding from the 10-week line, a critical support area.

In recent weeks, Nvidia beat Wall Street’s targets for its fiscal third quarter, but its sales outlook for the current period was only slightly above views.

The artificial intelligence chipmaker earned an adjusted 81 cents a share on sales of $35.08 billion in the quarter ended Oct. 27. Analysts polled by FactSet had expected Nvidia earnings of 75 cents a share on sales of $33.17 billion. In the year-earlier period, Nvidia earned 40 cents a share on sales of $18.12 billion.

The tech titan is an IBD Leaderboard stock.

Cracks Emerge In Nvidia’s AI Armor. What’s An Investor To Do?

Magnificent Seven Stocks: Amazon Hits New High

Amazon.com (AMZN) reclaimed its 201.20 buy point during recent gains. And Amazon stock added 1.9% Friday, hitting a new high.

On Oct. 31, Amazon said that it earned an adjusted $1.43 per share on sales of $158.9 billion for the September-ended quarter. Analysts polled by FactSet projected the Seattle, Wash.-based company would post adjusted earnings of $1.14 per share on sales of $157.3 billion.

Through its Amazon Bedrock platform, the e-commerce and cloud giant provides a fully managed service offering a choice of high-performing foundation models (FMs) from leading AI companies like AI21 Labs, Anthropic, Cohere, Meta and Stability AI.

This Industry Group — And 4 IPOs — Polish 20 ‘Perfect’ Gems

Tesla Stock Bounces

Tesla (TSLA) rallied 1.1% Friday, looking to extend a win streak to three sessions. Shares are at new highs.

On Oct. 23, Tesla announced a surprise third-quarter earnings gain, with quarterly profit growing 9%, capping off a big month of announcements for the EV giant. Revenue came in light.

Dow Jones Stocks In Magnificent 7: Apple, Microsoft

Besides recently added Nvidia stock, there are two other Dow Jones names among the Magnificent Seven: Apple (AAPL) and Microsoft (MSFT).

Apple stock rose 0.2% Friday, further above a flat base’s 237.49 buy point.

On Oct. 31, the consumer electronics giant offered weak sales guidance for the December quarter. Analysts say the iPhone 16 upgrade cycle is taking longer to materialize due to the slow rollout of the company’s much-touted artificial intelligence features.

And the Cupertino, Calif.-based company beat Wall Street’s targets for its fiscal fourth quarter ended Sept. 28. It earned an adjusted $1.64 a share, up 12% year over year, on sales of $94.93 billion, up 6%.

Meanwhile, Microsoft topped Wall Street’s targets for the software giant’s fiscal first quarter on strong cloud computing business on Oct. 30. However, the company guided below views for sales in the current quarter.

The Redmond, Wash.-based company earned $3.30 a share on sales of $65.6 billion in the quarter ended Sept. 30. Analysts polled by FactSet had expected fiscal Q1 earnings of $3.10 a share on sales of $64.6 billion. On a year-over-year basis, Microsoft earnings increased 10% while sales rose 16%.

Shares moved up 0.1% in Friday’s trading, further above their 50-day line.

With All Eyes On Nvidia, This AI Powerhouse Prepares To Pop



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Journalist
  • Website

Related Posts

Retail investors reap big gains from ‘buying the dip’ in US stocks

July 6, 2025

Asia: Stocks mixed as traders shrug at US-Vietnam trade deal

July 3, 2025

An entry-level guide to valuing stocks

June 28, 2025
Leave A Reply Cancel Reply

Don't Miss

How A-listers are shaking up the consumer-goods business

Business July 3, 2025

Celebrities ARE venturing beyond the billboard and the big screen—and into big business. Hailey Bieber,…

How Tech And Agility Are Powering Business Resilience

June 30, 2025

Charting his own course: How a business degree helps this national sailor prepare for life after sport

June 26, 2025

US durable goods orders soar in May

June 26, 2025
Our Picks

Binance to keep hundreds of staff in Singapore despite crackdown

July 2, 2025

Binance ties to Kenyan crypto board raise monopoly concerns: Report — TradingView News

June 29, 2025

You Won’t Believe Who’s Moving Millions in Bitcoin on Binance Right Now — TradingView News

June 28, 2025

New Binance Report: Bitcoin Now Supporting, Not Hedging, the Dollar

June 24, 2025
About Us
About Us

Welcome to American Focus, your trusted source for the latest news and insights on the world of cryptocurrency, trading, and digital assets. We are passionate about providing accurate, timely, and comprehensive information to help you navigate the dynamic landscape of the crypto market.

At American Focus, we cover everything from the basics of Bitcoin to in-depth analyses of platforms like Binance and CoinDesk

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

‘Nothing Stops This Train’—$37 Trillion ‘Emergency’ Behind Tesla CEO Elon Musk’s ‘America Party’ Primes A Bitcoin Price Bombshell

July 6, 2025

Retail investors reap big gains from ‘buying the dip’ in US stocks

July 6, 2025

Higher seller’s stamp duty, longer holding period for private homes to have limited impact on market: Analysts

July 4, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

© 2025 americanfocus. Designed by americanfocus.
  • Home
  • About Us
  • Advertise with Us
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.