Magnificent 7 stocks news, Nov 3, 2026

Amazon rose more than 2% as Mizuho kept an Outperform rating and lifted its price target to $335 on AI inference demand and open-source model adoption, with Susquehanna and Evercore ISI also positive though Raymond James cut its target. Revenue commitments for Graviton and Trainium each grew more than 20-fold from a year ago, and Amazon plans to sell Trainium outside AWS from late 2027. Its $6.2 billion of Anthropic convertible notes were valued at an estimated $146.2 billion as of Sep 30, alongside $92.5 billion in Anthropic nonvoting preferred stock. CEO Jassy told analysts investors are 'sleeping a bit' on retail, citing nearly 15% YoY unit growth. ETFs turned net buyers on Friday, and the company withdrew a Westborough drone delivery application after community pushback.

Alphabet posted a modest gain while trading far below its 52-week high in the wake of last week's post-earnings selloff. A class action covers investors who bought Alphabet securities between May 19 and July 16, 2026, claiming management's positive statements about Gemini delays lacked a reasonable basis. A separate 79-page shareholder complaint filed in Chicago names Pichai, Page, Brin and 11 other directors and executives over unauthorized use of copyrighted material to train AI models. The company completed pricing of a €6 billion bond across seven tranches with coupons from 3.700% to 5.250%, settling Nov. 5, while its credit default swaps nearly tripled over the past year to 91.6 basis points. Anthropic separately disclosed a minimum $121.3 billion in Google Cloud spending commitments between April 2026 and July 2033.

Meta shares rose more than 2% as investors rotated back into mega-cap growth names after recent losses. The company is preparing a bond sale that could reach $25 billion, split roughly two-thirds U.S. dollars and one-third euros, with pricing due Tuesday. Proposed 30-year bonds were discussed at about 2.5 percentage points above Treasuries, roughly 0.9 points wider than Meta's comparable April debt. A federal judge denied Meta's motion to dismiss a lawsuit alleging it exploited an Android vulnerability to track users' private information without consent. An SEC filing also details the Oct. 29 closing of 250 million depositary shares tied to mandatory convertible preferred carrying a 6.50% dividend rate on $12.5 billion of preferred capital.

Microsoft gained the most of the holdings, its strongest showing since the post-earnings rally, though the stock remains below its 52-week peak. An amended Anthropic SEC filing identifies at least $44.9 billion in commitments to Microsoft through June 2033, subject to contractual delivery and breach provisions. BNP Paribas raised its price target to $632 from $604 on 48% constant-currency Azure growth, and Dan Ives named Microsoft his top software pick heading into 2027. The company has offered voluntary buyouts to roughly 60,000 employees as part of ongoing restructuring. Multiple bidders, including Ubisoft, have made offers for Arkane Studios from the Xbox division, with a December decision deadline.

Nvidia rose more than 2% and overtook Apple as the world's most valuable company, helped by Apple's below-consensus December-quarter gross margin guidance that wiped out roughly $107 billion in Apple's value. The gain returned the stock above its 200-day moving average after an 11.4% decline over the prior month. Nvidia reportedly told data-center partners to cap Chinese customers at 49% of their cloud computing business, applying only to new contracts and communicated verbally. Samsung secured orders from Nvidia and AMD for HBM base dies at a Taylor, Texas plant, with equipment installation beginning February 2029 and mass production targeted for 2030. The VanEck Semiconductor ETF rose 2.0%, ending a three-session losing streak.