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NewsMacro · AAPL

Magnificent Seven splits in premarket: Nvidia up 1.1%, Apple and Microsoft each off 0.6%

Premarket trading put the Magnificent Seven in split territory, with Nvidia (NVDA) gaining 1.1% and Tesla (TSLA) adding 0.8% while Apple (AAPL) and Microsoft (MSFT) each declined 0.6%. Alphabet (GOOGL) rose 0.3%, Amazon (AMZN) slipped 0.01%, and Meta Platforms fell 0.3%. The group offered no unified read heading into the session.

By Ines FerreiraMacro DeskJuly 20, 20262 min readAAPL ·AMZN ·GOOGL ·GS ·MS ·MSFT ·NVDA ·TSLA
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Key takeaways

  • The Magnificent Seven traded mixed in premarket, with Nvidia up 1.1% and Tesla up 0.8% while Apple and Microsoft each fell 0.6%.
  • Alphabet rose 0.3%, Amazon slipped 0.01%, and Meta Platforms fell 0.3%, giving the group no unified directional read.
  • Hut 8 posted the largest single-name premarket gain at 13% after announcing a 15-year, $9.8 billion lease for its Beacon Point data center in Nueces County, Texas.
  • Analyst upgrades before the open included Morgan Stanley raising Global Payments to overweight and Goldman Sachs upgrading Urban Outfitters and Yeti Holdings to buy.
  • AMC Entertainment surged 16% and Domino's Pizza climbed 7%, both on second-quarter revenue that beat analyst estimates.

Premarket trading put the Magnificent Seven in split territory, with Nvidia (NVDA) gaining 1.1% and Tesla (TSLA) adding 0.8% while Apple (AAPL) and Microsoft (MSFT) each declined 0.6%. Alphabet (GOOGL) rose 0.3%, Amazon (AMZN) slipped 0.01%, and Meta Platforms fell 0.3%. The group offered no unified read heading into the session.

NVDA and TSLA hold the bid; AAPL and MSFT lead the sellers

The divergence inside the group is the setup worth tracking. Nvidia and Tesla sat on the upside. Apple and Microsoft were the clearest laggards, each off the same half-point in early trading. Amazon's 0.01% dip was close to flat and separated it from the other sellers. Alphabet edged higher by 0.3%, while Meta fell 0.3%. When the Magnificent Seven splits this way, it tends to reflect intragroup rotation more than a broad macro directional move.

Goldman Sachs and Morgan Stanley issue upgrades before the open

Goldman Sachs (GS) and Morgan Stanley (MS) both moved on specific names. Morgan Stanley upgraded Global Payments (GPN) to overweight, citing positive checks on the company's Genius and Worldpay businesses; shares gained 1.7% in premarket. Goldman Sachs upgraded Urban Outfitters (URBN) to buy on brand recovery and lifted Yeti Holdings (YETI) to buy, pointing to a more durable growth outlook. Both URBN and YETI added 4%. Jefferies issued a separate buy upgrade on Fervo Energy (FRVO), which rose 4%.

Hut 8 leads single-name moves with a $9.8 billion data center deal

Hut 8 (HUT) posted the largest single-name premarket gain at 13% after announcing a 15-year lease for its Beacon Point data center in Nueces County, Texas, valued at $9.8 billion. That lease agreement is the next filing to confirm. Iren (IREN) rose 8% after raising its year-end AI cloud annualized run-rate revenue target to over $4 billion. LXP Industrial Trust (LXP) added 3% on an agreement to be acquired by Brookfield Asset Management and CPP Investments in an all-cash deal valued at approximately $5.2 billion. AMC Entertainment (AMC) surged 16% after second-quarter revenue cleared analyst estimates, and Imax (IMAX) added 3%. Domino's Pizza (DPZ) climbed 7% on a second-quarter revenue beat; CEO Russell Weiner cited meaningful order count growth.

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About this story

Filed by the macro desk of MarketPR on July 20, 2026. Source: MarketPR newsroom. Indicative figures are not investment advice.

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Frequently asked

Which Magnificent Seven stocks rose and which fell in premarket?

Nvidia (up 1.1%), Tesla (up 0.8%), and Alphabet (up 0.3%) rose, while Apple and Microsoft each fell 0.6%, Meta fell 0.3%, and Amazon slipped 0.01%.

Why did Hut 8 stock jump 13%?

Hut 8 rose 13% after announcing a 15-year lease for its Beacon Point data center in Nueces County, Texas, valued at $9.8 billion.

What stock upgrades were issued before the open?

Morgan Stanley upgraded Global Payments to overweight, Goldman Sachs upgraded Urban Outfitters and Yeti Holdings to buy, and Jefferies issued a buy upgrade on Fervo Energy.

What drove the gains in AMC Entertainment and Domino's Pizza?

AMC surged 16% after its second-quarter revenue cleared analyst estimates, and Domino's climbed 7% on a second-quarter revenue beat cited by CEO Russell Weiner for meaningful order count growth.

Was LXP Industrial Trust involved in a deal?

Yes, LXP Industrial Trust added 3% on an agreement to be acquired by Brookfield Asset Management and CPP Investments in an all-cash deal valued at approximately $5.2 billion.