The June selloff just reversed. Here's the full Mag 7 scorecard.

META +11.4%. Tesla +12.0%. The $2.2T June wipeout just found its floor heading into the 4th. ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  

July 2, 2026 Magnificent 7 Weekly Report: July 2, 2026 After shedding $2.2 trillion in June, the Magnificent 7 staged their best week of the summer. META announced a cloud business powered by its own AI infrastructure. Tesla cleared a 3-year regulatory probe and rolled out FSD v14 Lite. The complete scorecard is below. Stock Price This Week META $612.91 +11.4% — Meta Compute announcement TSLA $425.30 +12.0% — NHTSA cleared; FSD v14 Lite GOOGL $357.89 +6.1% — Cloud rebound AAPL $294.38 +3.7% — Apple Intelligence cycle MSFT $384.28 +3.0% — Azure AI solid AMZN $242.00 +3.3% — AWS 17% YoY growth NVDA $198.09 +2.9% — AI demand narrative intact This week's individual takes: META: Meta Compute is the story. META spent $40B+ on AI infrastructure and is now planning to monetize it as a cloud product. The market re-rated the spend as an asset, not a cost. TSLA: NHTSA closed its power-steering probe. FSD v14 Lite is rolling out. Q2 deliveries due today are tracking above expectations. Three catalysts in four days. GOOGL: Up 6.1% on the week after a brutal June. Google Cloud growing 28% YoY is the anchor. The $84.75B equity raise has stopped being a headwind as investors focus on what the capital builds. AAPL: Steady in a volatile week. Apple Intelligence is the upgrade cycle thesis and it hasn't changed. FCF yield near 5.5% keeps value buyers engaged at any dip. MSFT: Azure AI workloads growing over 40%. Microsoft's Q2 report in late July is the next major test. If Azure growth holds, the capex scrutiny narrative fades. AMZN: AWS growing 17% YoY. The $242 close puts Amazon near its June trough. The cloud business is the story. Everything else is noise until Q2 earnings. NVDA: Flat week on a strong tape for the rest of the group. That's actually fine. Nvidia at $198 isn't going anywhere - AI data center demand is the floor. Read the Full Report › Elon Just Crossed $1 Trillion. Who's Next? Sponsored Marc Chaikin - the 60-year Wall Street legend who called Nvidia before it soared 45,000% - says every candidate for the next trillion-dollar fortune is betting on the same technology: Frontier AI. He's giving away a free hotlist and hitlist of stocks to buy and sell before it cleaves the market into winners and losers. Get Marc's free list. › You are receiving this e-mail at fromworksmart.jewelry@blogger.com, as part of your subscription to Money Morning. Manage Your Preferences by clicking here. No longer interested? Unsubscribe. © 2026 Money Morning. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Agora Media, 14 West Mt Vernon Place, Baltimore, MD 21201. Money Morning is a First Light Financial, LLC publication. To contact us call 866-616-2166 or visit us online. Website  |  Privacy Policy  |  Terms & Conditions