Magnificent 7 stocks news, Oct 30, 2026

Amazon fell 1.41% while recovering most of a 7% premarket earnings selloff. The Q3 report showed a record 13.9% operating margin and an AWS backlog of $578B, with CEO Andy Jassy projecting AWS revenue growth above 40% in 2027 and 2028. Trailing twelve-month free cash flow swung to negative $42.4B as property and equipment purchases rose $94.8B year over year on AI infrastructure. Jassy said Amazon will begin selling Trainium AI chips externally in late 2027. CNBC cut its price target, noting the stock has erased the entire 15% pop from last quarter's earnings.

Alphabet fell 1.40%, extending the damage from Wednesday's EPS miss and Thursday's 12.6% single-day selloff. A new Pentagon industry group aimed at securing Golden Dome data would include Google, per Bloomberg. Portfolio manager Chris Versace cut his price target to $380 from $410, and Citizens downgraded Alphabet to Market Perform citing execution risk in moving search monetization from AI Overviews to agents. Other Bets, which houses Waymo, posted $372M of Q3 revenue against a $2.05B operating loss. Alphabet's October market value loss of about $766 billion was its worst month ever.

Meta slipped 1.53% after S&P cut its outlook to negative on capital expenditure and cash burn. S&P projects capex at $140B in 2026, above $225B in 2027 and $252B in 2028, with free-cash-flow losses of $22B, $71B and $39B respectively. Meta settled its remaining bellwether addiction claims with plaintiff K.D.B., leaving only Snap as defendant in the Los Angeles trial opening November 4. The UK Competition and Markets Authority opened a monopoly-abuse investigation into Meta's AI scraping of news publishers' websites. Muse AI has passed 10 million users but remains unprofitable against roughly $145B in annual AI capex.

Microsoft fell 1.55% as investors pushed back on AI-related names across the market. Jefferies analyst Jeffrey Favuzza said Amazon's AWS growth of 39% versus institutional expectations of 43–44% makes Microsoft 'look even better,' noting Azure's 48% September-quarter growth beat the company's own 44–45% guidance. Morningstar reports Jim Cramer is getting closer to upgrading Microsoft if the slide continues. The company's voluntary exit offer covers about 27% of its 223,000 workers, with decisions due early December and departures by Dec. 31, as Microsoft plans roughly $175 billion in 2026 capital expenditures. Estée Lauder announced a strategic partnership with Microsoft for a unified data platform and enterprise AI adoption.

Nvidia fell 4.22%, losing about $212 billion in market value and slipping to $4.93T behind Apple. Bloomberg reported Nvidia may be in talks to provide billions in credit guarantees for an Nscale data center serving Anthropic, adding to $165 billion in data center commitments and guarantees. China's foreign ministry called the New York Times spy report on CEO Jensen Huang 'groundless speculation,' and Nvidia reiterated the dealings were ordinary business. Nvidia's 13F disclosure showed roughly 122.8 million SpaceX shares worth about $18 billion, and the DOJ's probe of the $12.93 billion Hugging Face acquisition continues. The company shed the heaviest weight on the Dow as Intel plunged nearly 30% on weak guidance.

Tesla fell 0.87% as NHTSA's deadline for Tesla to respond on the basis for Cybercab certification arrived. The agency granted only 30 days instead of the requested eight-week extension, and the review is not expected to conclude on that date. BofA said China is the primary regulatory risk because the Shanghai plant builds roughly half of global vehicle output, and it sees a possible all-stock acquisition with a 20–30% premium though no terms have been agreed. Q3 R&D expenses jumped 69% year over year to $2.76 billion while operating profit fell 56% to $718 million, even as automotive gross margin improved to 18.5%. A new U.S. referral program now rewards FSD subscriptions rather than vehicle sales.