In the world of stock trading, the Magnificent Seven stocks are making waves. Nvidia, the AI giant, has emerged as the top performer, boasting an impressive year-to-date return of 235% through December 15th. Meanwhile, Tesla is facing a significant plunge after disappointing earnings results.

Amazon, the e-commerce behemoth, has surpassed its cup base's buy point of $145.86, with shares gaining 1% on Friday. Alphabet, the parent company of Google, is also experiencing a rise, extending above its buy point of $139.42 in a cup with handle formation.

Nvidia's success continues as the stock remains extended past its double-bottom's buy point of $476.09. After finding support at the 50-day moving average last month, the stock soared, reaching a 5% buy area up to $499.89. Currently, Nvidia is further extended past a new flat base's buy point of $505.48, despite a 0.8% drop on Friday.

On the other hand, Tesla faced a tumultuous week as it fell over 12% on Thursday, resulting from disappointing earnings. The electric-vehicle giant reported a 40% decline in earnings to $0.71 per share, while revenue increased 3.5% to $25.17 billion compared to the previous year. Wall Street analysts predicted earnings of $0.73 per share on revenue of $25.62 billion. For 2023, Tesla's earnings fell by 23% to $3.12 per share, with revenue rising by 19% to $96.77 billion, falling short of estimates.

Among the Dow Jones stocks in the Magnificent Seven, Apple and Microsoft experienced some setbacks. Apple's stock moved down by 0.9% on Friday, approaching a new flat base's buy point of $199.62. On the other hand, Microsoft regained its cup-base buy point of $366.78 and dropped 0.3% on Friday, still remaining above a flat base's buy point of $384.30. Microsoft received positive reviews from analysts, with Truist Securities initiating coverage with a buy rating and a three-year price target of $600. Macquarie also maintained an outperform rating on Microsoft stock, raising its price target to $430 from $405.

Meanwhile, Meta Platforms (formerly Facebook), is experiencing a surge as its stock continues to hit new highs. After a strong rebound from the 50-day line in recent weeks, Meta stock rose by 0.7% on Friday, inching closer to its 52-week high.

The stock market remains dynamic, presenting both successes and setbacks among the Magnificent Seven stocks. Investors will closely monitor the performance of these entities as they navigate the ever-changing landscape of the financial world.