New Mexico jury finds Meta liable for 43.9M violations; prosecutors seek $35-40B penalty
- Portfolio+0.77%
- TSLA+2.05%
- NVDA-0.52%
Key findings
- A Santa Fe jury found Meta willfully violated New Mexico's Unfair Practices Act 43.9 million times, with prosecutors requesting a $35-40 billion penalty and a judge to set the final amount in a separate phase.
- Apple fell about 2% after a Nikkei Asia report said October component orders for iPhone 18 Pro and Pro Max were cut by at least 15%, citing softer demand after $100 price hikes.
- Nvidia closed down 0.52% at $229.28 as OpenAI's revised annualized revenue of roughly $50B came in below the $68B figure reported last month.
- Amazon rose 2.74% as Alexa/Echo VP Daniel Rausch stepped away from the unit the day after three new Alexa Tablets were unveiled.
- Microsoft rose 2.28% despite an indefinite suspension from the PERM green card sponsorship program, closing at a $3.97 trillion market cap.
| Winners | Close | Change |
|---|---|---|
| TSLA Tesla, Inc. | $382.70 | +2.05% |
| Losers | Close | Change |
|---|---|---|
| NVDA NVIDIA Corporation | $229.28 | -0.52% |
News flow was heavy across all seven holdings, with legal and regulatory items dominating Meta and Microsoft while product and demand questions drove Apple and Nvidia. Sentiment was weakest on Meta's New Mexico verdict and strongest on Tesla's Shanghai export surge. Market data was unavailable for five of the holdings, so price commentary there comes only from the news reports.
Market data unavailable.
Apple cuts iPhone 18 Pro orders 15-20%, shares fall 2%; Oct. 13 home event looms
Market data was unavailable, though the news reports a roughly 2% share decline after Nikkei Asia said Apple cut October component orders for the iPhone 18 Pro and Pro Max by at least 15%, with some parts down as much as 20%, on softer-than-expected demand following $100 price increases driven by DRAM and NAND costs; Reuters could not independently verify the report. The order cut briefly wiped about $103 billion from Apple's market value, though the stock remains about 3.5% below its 52-week high and up roughly 38.8% over 12 months. Bespoke Investment Group noted similar Asian production-cut reports surface nearly every fall and have had virtually no long-term impact. UBS said App Store revenue grew 5% year over year in September versus flat in August, while quarterly growth was only about 2%, with analyst David Vogt (Neutral, $296 target) flagging tougher October comparisons and the first full month of EU App Store changes. Apple trades at 38.62x trailing earnings against a five-year median of 30.98x, and iPhone sales were 49.6% of revenue last quarter, making the Pro demand read-through especially sensitive.
Sources:Yahoo! FinanceBenzingaMacRumorsMacRumorsInvesting.comInvesting.com
Market data unavailable.
Amazon shuffles Alexa leadership after new AI tablet launch; stock up 2.74% to $261
Market data was unavailable, but the news reports Amazon shares rose 2.74% Friday to $261.02. Amazon confirmed that Alexa/Echo VP Daniel Rausch, a 17-year veteran, is stepping away from the unit in November, one day after the company unveiled three new Alexa Tablets priced from $230 to $500; Aidan Marcuss will take on Rausch's responsibilities. Amazon also cut fewer than 1,000 jobs across its Stores business, affecting customer service, marketplace support, and engineering roles in the U.S., India, and the U.K. Needham's Laura Martin called the stock undervalued, citing that only about 20% of Amazon's traffic is exposed to external AI commerce tools, while California is pursuing a price-fixing lawsuit alleging Amazon pressured vendors to raise prices at competitors. Amazon also reportedly structured an $8 billion NVIDIA GPU sale-leaseback through a shell company, and its separate $25 billion debt deal has been trading poorly.
Sources:Investing.comAolReutersMarket ScreenerBusiness InsiderAol
Market data unavailable.
Gemini Agent enterprise launch draws BMO Top Pick call; securities class action over Gemini 3.5 Pro delay set for Dec. 1 deadline
Market data was unavailable, and the news reports no price move for the session. Alphabet unveiled Gemini Agent at a Google Cloud event on Oct. 8, a universal enterprise AI agent that works across Gmail, Docs, Microsoft 365, Slack, Jira, and Snowflake, prompting BMO to reiterate Outperform and Top Pick. Citizens kept a Market Outperform rating and a $515 price target, citing flexible multi-model orchestration and project-level cost guardrails. A securities class action covering May 19 to July 16, 2026 alleges Alphabet concealed disappointing Gemini 3.5 Pro training results, with a lead plaintiff deadline of Dec. 1, 2026. Alphabet will pay SpaceX $920 million per month starting October for compute at a Colossus data center, against a $514 billion Google Cloud backlog and 2026 capex guidance of about $195-205 billion.
Sources:Yahoo! FinanceMarket Beatwallstreet:onlineAol24/7 Wall St.Yahoo! Finance
Market data unavailable.
New Mexico jury finds Meta liable for 43.9M privacy violations; prosecutors seek $35–40B penalty
Market data was unavailable, though the news reports shares were roughly flat at about $270... [see note]
Sources:Yahoo! FinanceYahoo! FinanceInvesting.comBenzingaOregon LiveAol
Market data unavailable.
Microsoft Suspended from Green Card Program as Stock Nears $4T Market Cap
Market data was unavailable, but the news reports Microsoft rose 2.28% in Friday afternoon trading and closed at a $3.97 trillion market cap, approaching the $4 trillion level last seen Oct. 29, 2025. The Trump administration indefinitely suspended Microsoft from the PERM green card sponsorship program, citing active federal investigations, and Vice President Vance accused the company of laying off 6,000 U.S. workers last year while filing 6,300 H-1B applications and nearly 3,000 green card petitions. Microsoft launched Microsoft-Decision-1, a specialized AI model it says executes 4.5x faster than its closest competitor and about 35x faster than general LLMs, priced at $0.042 per million input tokens. At a Windows and Surface event, the company outlined plans to turn Windows into an 'agentic OS' running AI agents on local models to reduce cloud token costs. Gears of War: E-Day sold about 230,000 copies in its first week while 1.7 million players accessed it via Game Pass, which analysts called a soft result.
Sources:The Korea TimesYahoo! FinanceAsianet News Network Pvt LtdMorningstarMarkets InsiderGameSpot
Close $229.28 (-0.52% on the day)
OpenAI revenue revision drags Nvidia lower; UBS maintains Buy with $300 target
Nvidia closed at $229.28, down 0.52% on the day, after slipping about 1% when OpenAI disclosed roughly $50B in annualized revenue at the end of September, below the $68B figure reported last month; the stock had dropped 3% in the prior session. UBS's Timothy Arcuri maintained a Buy rating and a $300 price target, while consensus sits at Strong Buy with a $324.20 target. Nvidia-backed Firmus Technologies scrapped its roughly $5B IPO after investors balked at a ~$30B valuation on $51M of revenue, highlighting scrutiny of AI data-center financing. Elon Musk said SpaceX will exclusively use Nvidia GPUs and is raising $40B to buy more Nvidia chips, with some processors heading into space next year. Bearish options flow was heavy, including a $21M buy of 100,000 Jan. 15 $180 puts, and Freedom Capital's Jay Woods warned of a bull trap after the stock failed to hold above $235.
Sources:AolThe Motley FoolMarkets InsiderMarkets InsiderCNBCBenzinga
Close $382.70 (+2.05% on the day)
Tesla Shanghai sales rise 5% on export surge; FSD renamed in Europe to aid approval push
Tesla closed at $382.70, up 2.05%, as September China-made Model 3/Y sales rose 5% year over year to 95,366 vehicles, an 11th straight month of annual growth. Exports from Shanghai jumped 58% to 30,529 vehicles while domestic China sales fell 9% to 64,837, with Tesla offering discounts through October amid intense competition. Q3 global deliveries were 486,532, down 2.1% year over year but above Wall Street's roughly 461,000 estimate. Tesla renamed its European driver-assistance system from Full Self-Driving to Tesla Assisted Driving after German regulators called the old name misleading, and Germany's transport minister will now push for EU approval. Analyst Dan Ives reiterated an Outperform rating and a $500 price target, calling Tesla a way to own physical AI.
Across the portfolio, the day's reports centered on Meta's looming penalty phase, Apple's demand question ahead of its Oct. 13 event, and Nvidia's OpenAI-driven pullback as earnings season approaches.