Magnificent 7 stocks news, Oct 10, 2026

Amazon's week was dominated by its 48-hour Prime Big Deal Days on Oct. 6-7, which ran even as reporting noted Google Trends interest in 'Amazon Prime Day' is down 22% since 2022. The company cut fewer than 1,000 roles in its Stores business on Oct. 7 and moved to sublease about half of a Boston building it had planned to occupy. On Oct. 8 it launched its first Android-based Alexa Tablet line priced from $230 to $550, and the next day confirmed that Alexa/Echo VP Daniel Rausch is stepping away in November, with Aidan Marcuss assuming his responsibilities. Shares rose 2.74% on Friday as Needham's Laura Martin called the stock undervalued, while California pursued a price-fixing lawsuit alleging Amazon pressured vendors to raise prices at rivals. Also disclosed was a structured $8 billion NVIDIA GPU sale-leaseback that moves chips off the balance sheet.

Alphabet's week paired AI-infrastructure expansion with fresh legal risk. It signed a 20-year, 890 MW nuclear purchase agreement with Constellation Energy funding $4.3 billion of plant upgrades, plus a separate 15-year, 2,700 MW grid deal, and disclosed $920 million-a-month payments to SpaceX for compute. A federal judge's late-September ruling left about $3.2 billion in ad-tech damages claims for a jury, while law firms kept soliciting lead plaintiffs in the Gemini 3.5 Pro securities class action with a Dec. 1 deadline. On Oct. 8 Finland's regulator ordered Google's subsidiary to stop tree removal, digging and road building at planned data centers in Muhos and Kajaani pending environmental assessments, as TD Cowen raised its target to $485 and the company unveiled a universal Gemini agent spanning Gmail, Docs, Microsoft 365 and Slack.

Meta's week ended with the largest legal blow: a Santa Fe jury found it willfully violated New Mexico's Unfair Practices Act 43.9 million times, with prosecutors having sought $35-40 billion and a judge to set the penalty in a separate phase. Earlier, Ofcom opened an investigation into Instagram Instants with penalties up to £18 million or 10% of qualifying worldwide revenue, while Meta challenged the regulator's information-gathering powers in the High Court and faced a Florida motion seeking an under-14 ban and teen usage limits. On the product side, Muse reached iPad on Oct. 7 with many new connectors, though Hunterbrook disclosed a short position citing slowing downloads and Amazon blocked Muse from accessing its e-commerce platform. Sentiment also ran positive at times, with Wells Fargo lifting its target to $1,000, a golden cross triggering on Oct. 6, and a filing showing the Trump trust bought $5M-$25M of META on Aug. 21. Italy's court rejected Meta's appeal against publisher-remuneration rules, and Meta banned ByteDance and TikTok ads across several countries from Thursday.

Microsoft's week began with analyst upgrades, Melius moving to Buy with a $665 target alongside raises from Scotiabank and Wells Fargo, as shares touched a record intraday high. At its Oct. 7 event the company opened preorders for the $2,599 Surface Laptop Ultra running Nvidia's RTX Spark chip and shipping Oct. 16, and outlined a 'hybrid intelligence' strategy routing AI tasks between local models and the cloud; Xbox separately won exclusive cloud-streaming rights to GTA 6 at its Nov. 19 launch. The tone shifted Thursday when the Labor Department indefinitely suspended Microsoft from the PERM green-card program amid federal investigations and Vice President Vance accused the company of visa abuse, which Microsoft disputed. Even so, the stock rose 2.28% Friday afternoon and closed at a $3.97 trillion market cap, while Gears of War: E-Day's first-week sales of about 230,000 copies were described as soft. Support for Office 2021 perpetual licenses is also due to end Oct. 13.

Nvidia's week began at record levels, closing at $237.58 on Oct. 5 and reaching an intraday all-time high of $241.83 on Oct. 6 that put a $6 trillion valuation within reach, supported by SpaceX's plan to raise $40 billion to buy Nvidia chips. Microsoft's RTX Spark laptops, built on Nvidia's new N1X SoC, opened for preorder at $2,599, marking the chipmaker's entry into PC CPUs. The mood reversed on Oct. 8 when OpenAI told investors its annualized revenue was about $50 billion versus the $68-70 billion previously reported, sending Nvidia down about 3% and dragging other AI names lower; analysts attributed the gap to a change in reporting methodology. The stock slipped again on Oct. 9 amid a large $21 million put purchase and a warning from Freedom Capital that a breakout needs closes above $240. Jensen Huang received the National Medal of Science, NVIDIA pledged $1 billion to the federal Genesis Fund, and UBS maintained a Buy rating with a $300 target.

Tesla's week was framed by its Q3 delivery report of 486,532 vehicles, beating the company-compiled consensus of roughly 462,000 but falling 2.1% year over year, with 13.7 GWh of energy storage short of expectations and 'Other Models' - nearly all Cybertruck - down 48% to a five-year low. Regulatory news then turned positive as Germany became the ninth country to approve FSD, and Tesla renamed the system 'Tesla Assisted Driving' in Europe to support an EU-wide push ahead of a possible year-end vote. Offsetting that, a Reuters investigation found Tesla pressed Dutch regulator RDW to shrink its FSD safety review, and a Belgian road-safety test flagged frequent speed-limit errors before that vote. Shares rose early in the week, then fell more than 2% on Oct. 8 in a broad risk-off session, before the week closed on September Shanghai data showing 5% growth and a 58% jump in exports. Elon Musk also confirmed ongoing TSMC talks on the Terafab chip venture, and the weather-delayed Roadster reveal moved to Oct. 15.