Magnificent 7 stocks news, Oct 5, 2026

Amazon's Prime Big Deal Days runs 48 hours from Oct. 6 to Oct. 7, with early deals already live, following a record $26.4 billion June Prime Day. Coverage notes softer shopper interest: Google Trends search interest for 'Amazon Prime Day' is down 22% since 2022 and only 37% of shoppers cited the event as their main reason to shop, while Walmart and Target counter with 30–50% LEGO discounts. Six lawsuits over Amazon's handling of tariff refunds were centralized in the U.S. District Court for the Western District of Washington on Oct. 2. Connecticut lawmakers delayed a decision on drone delivery from the North Haven warehouse, with state comments open through Oct. 15. Prime Video hired three longtime Netflix executives to lead a new genre-based business affairs structure, with starts due by Oct. 26. Market data unavailable.

Multiple law firms are soliciting investors in a securities fraud class action, Stewart v. Alphabet Inc., No. 26-cv-11290, in the Northern District of California, with a lead plaintiff deadline of Dec. 1, 2026. The complaint alleges Alphabet misrepresented Gemini 3.5 Pro's development, citing a July 16, 2026 Bloomberg report that drove GOOGL down $16.46 (≈4.4%) that day, and Google's Sept. 30 announcement that it would release Gemini 4 Argon instead and no longer plans to ship Gemini 3.5 Pro. Q2 2026 results showed record revenue of $119.80B (+24.2% YoY) and Google Cloud growth of 82%, but capex of $44.92B pushed free cash flow to negative $5.86B for the first time, with 2026 capex guided at $175–185B (one article cites $195–205B). Retail flow data for Friday showed more selling than buying (buy/sell ratio 0.67) despite a 1.6% gain, though the one-month ratio stands at 1.20. Market data unavailable.

Engineers fixed a KVM escape vulnerability in Muse two weeks before launch after a spike in reported escapes, with one source quoted as saying a massive data breach from the project is 'inevitable' — significant because Muse requests access to bank accounts and email. Wired separately reported that the agent builds an hourly-updated page for every person in the user's life. Meta, TikTok and X filed one of the first challenges under the UK's 2023 Online Safety Act, disputing Ofcom's February information notices, with fines of up to 10% of global turnover at stake, while Norway temporarily banned camera glasses in public spaces. Meta shares rose 1.9% Monday; Muse has 5.6 million downloads since its Sept. 8 launch, analysts carry an average target of $793.91, and the stock gained 26.79% in September, its best month since 2022. The stock trades at a forward P/E near 22–24, and Meta is cutting internal Anthropic Claude Code use to about 30,000 employees from roughly 60,000 in favor of in-house tools. Market data unavailable.

Melius Research's Ben Reitzes upgraded Microsoft to Buy and more than doubled his price target to $665 from $465, while Scotiabank raised its target to $615 and Wells Fargo lifted hers to $725 and added MSFT to its Q4 Tactical Ideas list. MSFT closed at $525.18, up 1.48%, touching an intraday high of $528.58 and helping lift the Nasdaq Composite to a record close. The stock is up 49% from its June lows but has lagged the tech sector over the past month, with RSI near 68 flagging overbought risk and resistance at $532. Microsoft's Oct. 7 'Windows. Surface. NVIDIA RTX Spark' event is expected to showcase local-AI hardware, and support for Office 2021 perpetual licenses ends Oct. 13, 2026 with no extension. Market data unavailable.

Nvidia shares rose 2.1% to a record close of $237.58, giving the company a $5.76 trillion market capitalization — its first record close in about four months. Wedbush's Matt Bryson noted the stock trades under 20x forward EPS while guiding to roughly 70% growth, and a Yahoo Finance segment discussed speculation of a 50% chance NVDA reaches a $6 trillion market cap by end of October. At intraday highs near $239.78 the stock sat just below all-time-high resistance of $239.63–$241.00 with declining volume and an RSI of 67.8, raising the risk of either a breakout or a pullback toward $230. Microsoft's Oct. 7 launch event is widely expected to feature RTX Spark–based devices built on an evolution of the Grace Blackwell architecture. Nvidia-backed Reflection AI released its first open-weight model, Beam, and Bloomberg reported Australia's Firmus is preparing a ~$5 billion IPO that could let Nvidia increase its stake. Market data unavailable.

Tesla delivered 486,532 vehicles in Q3, beating the Zacks consensus of 471,262 by about 5%; deliveries rose 1.3% sequentially but fell 2.1% year-over-year, and the stock rose ~2.2% to $378.69 on Monday. UBS kept a Neutral stance noting energy storage deployments of 13.7 GWh fell short, HSBC raised its target to $157 (Reduce), and Baird reiterated Outperform with a $475 target. Elon Musk confirmed ongoing TSMC talks about joining the Terafab venture alongside Intel, involving $16.8 billion initial investment and up to $119 billion total across phases for Optimus and Cybercab chips. The Roadster reveal event was postponed from Oct. 1 to Oct. 15 due to Texas weather, Robotaxi hours in Austin were extended to 11 p.m. with Musk citing difficulty detecting small animals at night, and Tesla signed a deal to supply 50 Semi trucks to IMC Logistics. Market data unavailable.