Reason: Mega caps held up better than chips in the week to Friday, October 16: $AAPL rose 2.03% to 1.35% under its high and $MSFT fell only 1.13% (up 7.9% on the month), while $NVDA fell 6.61% with the AI-hardware rout and $GOOGL fell 3.15% to close 0.1% under its 200-day, where it sat 3.4% above a week earlier. $META fell 1.3%, 3.72% of it on Friday, after jumping on Monday's Muse Wonder debut (CNBC, October 12). $MSFT's October 13 run toward its first record in nearly a year (Bloomberg) faded into a 4.46% gap under its high; $MSFT and $META still trail the index over the year.

Price/RSI Table

As of 2026-10-16. Status reads the 200-day trend first and RSI second; Action is a trend-hold lens: a pullback inside an intact trend is a flag to wait for, not an entry, and a name below its 200-day with a negative year is not a dip.

What Changed Since 2026-10-09

• GOOGL: down 3.15% on the week (2.47% on Friday) to RSI 44.4 and 0.1% under its 200-day ($340.90), after sitting 3.4% above it a week earlier; the year is still +35.45% (alpha +19.91 points) with the thesis rated intact, so this is a long trend on its line, not a break. A SemiAnalysis benchmark of Alphabet's TPUv7 against the GB300 NVL72 (October 15 market brief) and a 20-year power contract with DTE Energy (The Buildout, October 12) are on file; no source ties the week's price to either. News pulled October 16 holds quote pages, newest item October 8.
• MSFT: down 1.13% on the week and 1.93% on Friday to RSI 57.3, 4.46% under its high and 21.6% above its 200-day ($435.25), up 7.9% on the month. It closed over the base pivot on October 12 and 13 (the briefs of those days) and Bloomberg had it heading for its first record in nearly a year on October 13; Friday's $529.05 sits back under that pivot band, with $551.15 now the base high. CNBC reported on October 12 that Microsoft will lean more on its own Maia chips. The year is only +3.41%, 12.12 points behind the index.
• NVDA: down 6.61% (1.43% on Friday) to RSI 37.5, 5.5% above its 200-day ($202.97) on a +17.78% year with the thesis intact; the cushion was 13.4% a week ago. MarketWatch (October 12) and CNBC (October 15) both ran pieces on the chip names falling on AI doubts and funding worries.
• AAPL: up 2.03% to RSI 62.1, 1.35% under its high and 17.4% above its 200-day ($292.46) on a +38.8% year, in a 14.6-week base with a $348.15 pivot above. Semafor reported on October 16 that Apple and Meta will collaborate on a new AI model (the Muse model on Macs was reported October 15). Listed to report November 2 (provider estimate; an October 29 entry was superseded).
• META: down 1.3% to RSI 50.2, 3.72% of it on Friday, after rising 3.38% on Monday the day CNBC reported its Muse Wonder model (October 12 brief); 12.2% above its 200-day ($631.98) but −0.38% on the year with alpha −15.92 points. News was last pulled September 25, so not pulled for this week's moves.
• Roster unchanged since October 9: no entrants, no dropouts.

Watch

GOOGL's 200-day ($340.90) is the line it is sitting on; NVDA's ($202.97) is the thin one among the chips. MSFT needs the $551.15 base high to turn the attempt into a breakout, and AAPL's $348.15 pivot is 1.35% away. Microsoft and Alphabet are scheduled to report on October 28 and Amazon on October 29, with Meta listed for October 21 and Apple for November 2 (provider estimates; the October 28 Meta and October 29 Apple entries were superseded).

Sources

• Tape data (price, RSI, returns, one-year change, distance to the 200-day, base pivots): pre-computed summaries as of the 2026-10-16 settled close, summaries (Massive/Polygon).
• Prior edition (format and roster only): 2026-10-09-mag7.
• Event checks: research/stock-events/ (Alphabet and Microsoft October 28, Meta October 21, Apple November 2; superseded entries ignored; nothing else dated for these names), the 2026-10-12 through 2026-10-15 market briefs under research/issues/, research/capture/ for October 12–16; news receipts under stocks/news/latest.json` (GOOGL, MSFT, NVDA and AAPL pulled 2026-10-16; META 2026-09-25).
• Primary links: Bloomberg, Microsoft eyes first record in nearly a year as AI rally builds, October 13 — https://www.bloomberg.com/news/articles/2026-10-13/microsoft-eyes-first-record-in-nearly-a-year-as-ai-rally-builds; CNBC, Meta debuts Muse Wonder AI model, October 12 — https://www.cnbc.com/2026/10/12/meta-muse-wonder-ai-model-agent.html; CNBC, Microsoft to rely more on homegrown AI chips, October 12 — https://www.cnbc.com/2026/10/12/microsoft-will-mainly-use-its-maia-chips-for-ai-inference.html; Semafor, Apple and Meta to collaborate on new AI model, October 16 — https://www.semafor.com/article/10/16/2026/apple-and-meta-collaborate-on-new-ai-model; CNBC, Nvidia, AMD, Dell sink in global tech rout on AI funding worries, October 15 — https://www.cnbc.com/2026/10/15/sk-hynix-samsung-softbank-stocks-asia-tech-rout-ai-funding-worries.html.