#AICrashOrComeback The seven most magnificent actions: Nvidia rises, Tesla collapses; Amazon publishes its results

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SCOTT LEHTONEN 12:31 p.m. ET, February 6, 2025

The stocks of Apple, Microsoft, Alphabet (the parent company of Google), Amazon.com, Nvidia, Meta Platforms, and Tesla, known as the Magnificent Seven, lived up to their name in 2024 with strong earnings. However, starting in 2025, the performance of these mega-cap stocks has been mixed so far.

Due to their enormous market capitalizations, the Magnificent Seven stocks have a disproportionate influence on the Nasdaq Composite and S&P 500 market-cap-weighted indices.

On January 29, Meta reported its earnings and revenue for the fourth quarter, which exceeded Wall Street estimates. However, its revenue forecasts for the March quarter were below expectations, amid concerns about exchange rates and the strength of the U.S. dollar, which tempered investor enthusiasm.

Meta's earnings increased by 50% to $8.02 per share, while revenue rose by 21% to $48.38 billion.