Magnificent 7 stocks news, Oct 6, 2026

AMZN closed higher on the day and outperformed the broader market, though the stock remains lower over the past month against a smaller sector decline. The 48-hour October Prime Day began Oct. 6 at 12:01 a.m. PST with discounts up to 70%, positioning it as a key Q4 demand and Prime engagement event. Upcoming quarterly results carry a consensus of $2.02 EPS and $202.01 billion of revenue, with full-year estimates at $13.03 EPS and $829.29 billion. Attorneys for victims of last month's fatal Amazon cargo jet crash in Miami called the pilot pairing a '100% preventable' flaw, with NTSB preliminary findings showing the captain had only 150 of 7,267 total hours on the Boeing 767. AWS also added GLM-5.3 and six other open-weight Chinese models to Bedrock on a revenue-share basis, and Amazon bought a Chicago vertical logistics building for $195 million to open a sub-same-day fulfillment center by late 2027/early 2028.

Alphabet signed a 20-year, 890 MW power purchase agreement with Constellation Energy funding $4.3 billion in upgrades across 11 nuclear units, plus a separate 15-year, 2,700 MW PPA for PJM grid power, securing long-term electricity for its AI data-center build-out. Constellation also signed a five-year deal to use Gemini Enterprise, and GOOGL shares added about 0.4% premarket. A securities class action over alleged misleading statements about Gemini 3.5 Pro delays carries a Dec. 1, 2026 lead-plaintiff deadline and cites a 4.4% single-day stock drop. A federal judge denied most of Google's motions to dismiss on Sept. 30, leaving about $3.2 billion in ad-tech damages claims for a jury, with antitrust law potentially trebling any award to roughly $9.6 billion. Google Cloud launched a 'Cloud Modernize' suite for legacy workloads and made AI video generation free to all Workspace users in Google Vids.

Ofcom opened an investigation into whether Meta completed adequate risk assessments before launching Instagram Instants in May, with potential penalties of £18 million or 10% of qualifying worldwide revenue, whichever is greater. The probe continues alongside Meta's High Court challenge to Ofcom's information-gathering powers, which Ofcom says has not delayed it. Wells Fargo raised its price target to $1,000 from $796 on Muse momentum, while warning of a $10 billion legal-settlement charge that would drag Q3 EPS to about $3.72 and of 2027 opex above the Street estimate. The same note removed 500 MW of data-center resale capacity from 2027 forecasts, roughly $5 billion of potential revenue Meta will now consume internally for Muse. Muse reached 3 million weekly active users and 5 million downloads in 22 days, META shares closed up 1.90% and are up about 21% over the past month, and Meta joined Walmart, Stripe and Sierra in announcing an open 'Personal Agent Protocol' standard.

Microsoft landed exclusive streaming rights to Grand Theft Auto VI, with Xbox Cloud Gaming the only service able to stream it at the Nov. 19 launch and, with no announced PC version, the sole PC access route at release. Xbox is capping cloud hours the same month at 15 for Game Pass Ultimate, 10 for Premium and 5 for Essential, alongside a new pay-as-you-go hour-bundle option launching in November. CEO Asha Sharma told staff Xbox has returned to year-over-year growth after opening 2026 with declines, while a leaked memo said the prior Game Pass strategy put the balance sheet into 'freefall' after the Activision deal and that gaming cut close to 2,000 staff this year. BNP Paribas models Azure growth up to 46% constant currency in fiscal Q1 and near 50% in Q2, with OpenAI approaching roughly $70 billion ARR and consumption-based Copilot pricing adding about a point to Microsoft 365 growth ahead of FQ1 results. Next-gen 'Project Helix' was described as a family of devices rather than a single box, and Office 2021 support ends Oct. 13.

Nvidia shares hit a new all-time high intraday, lifting market capitalization to about $5.839 trillion and leaving the $6 trillion threshold roughly 2.9% above the day's opening price. The Financial Times reported that SpaceX is seeking to raise $40 billion, $10 billion in bank loans and $30 billion in investment-grade debt, to purchase Nvidia chips, with Musk saying Colossus data centers will run exclusively on Nvidia's Vera Rubin architecture. Options pricing implies about a 50% chance Nvidia reaches $6 trillion by end of October and roughly 67% by Dec. 18. The move extended the breakout that began Sept. 28 after a $150 billion increase to the share repurchase authorization, the largest such increase on record, lifting shares 16.8% from the post-earnings low. Morgan Stanley said Nvidia and Broadcom are relatively insulated from a worsening U.S. data-center power crunch, and Nvidia finalized a commercial agreement to deliver two million GPUs to Amazon.

Tesla delivered 486,500 vehicles in Q3, about 5-6% above the 456,896 consensus with Model 3/Y carrying the quarter, while its energy business fell short of expectations. UBS kept its Neutral rating and unchanged price target, arguing one strong delivery quarter does not justify a valuation near 345 times earnings, and the stock barely reacted. Goldman Sachs reiterated Neutral with a $360 target and said the Oct. 21 Q3 earnings will hinge more on FSD, robotaxi and Optimus updates than EPS, noting Croatia became the latest country to approve FSD (Supervised) ahead of an expected EU-wide vote in December. A Belgian road-safety group's three-day, roughly 400 km test of FSD v14.2.2.6 near Brussels found the system exceeded a 30 km/h limit on 16 of 29 segments and wants regulators to revisit approvals before that vote. Tesla will show its Cybercab robotaxi at the Paris Motor Show from Oct. 12 and has extended Powershare Home Backup to Model 3 and Model Y orders from Oct. 1.