Magnificient 7: AAPL Collaborates with Bharti Airtel for Streaming Services

1. Meta (Nasdaq: META)
Meta dipped mildly by -0.45%. Meta Platforms will close Spark, an AR tool, to prioritize investments in AR/VR hardware and AI. Meta disclosed an insider transaction by executive Olivan Javier on August 27, 2024, involving the sale of 413 shares.

2. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.68%. Apple's Q3 2024 revenue was $296.05 billion, with a net profit of $79 billion. Tigress Financial maintains a Strong Buy rating on Apple, raising the price target to $295.00. Apple collaborates with Bharti Airtel for streaming services in India. Apple is reportedly laying off around 100 employees from its digital services division.

3. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.78%. Microsoft traded $6.084 billion on August 28, ranking 5th on NASDAQ. Microsoft continues to invest in OpenAI's ongoing fundraising, expected to exceed $10 billion. Windows 11 update released, enhancing content sharing with Android. Microsoft announced new Excel sync improvements and Mono project delegation to WineHQ.

4. Alphabet (Nasdaq: GOOG)
Alphabet dipped mildly by -1.13%. Google's August 28 trading volume reached $2.496 billion, ranking 13th among US stocks. Google's Pixel 9 encounters issues with certain AI functions if rooted; Android 15 stable version set for October release. Google launched three experimental Gemini AI models. Google’s Dublin data center plan was rejected due to insufficient grid capacity.

5. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -1.34%. Amazon's transaction volume on August 28 was $4.939 billion, ranking 6th in U.S. stocks. Amazon's gaming CEO announced game development for Switch. Reports of an Alexa AI subscription version emerging, with a $10 monthly fee. Amazon plans to launch rapid commerce services in India by 2025.

6. Tesla (Nasdaq: TSLA)
Tesla dipped mildly by -1.65%. Tesla is facing slower growth, with notable news including the introduction of Sentry Mode preview feature, winning a $133 million contract for an Australian battery storage project, and controversy over their supercharger pricing model.

7. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -2.10%. Nvidia's Q2 FY2025 revenue reached $30 billion, surpassing analysts' $28.86 billion estimate. Data center revenue was $26.3 billion, exceeding the $25.08 billion forecast. Third-quarter revenue is projected at $32.5 billion. Blackwell chip production faces hurdles, but will be mass-produced and shipped in Q4.