Market Movers: Applovins Revenue Surge, Nvidias Record Market Cap, and Boeings Labor Deal Unveiled

1. Applovin (Nasdaq: APP)
Applovin surged by 9.39%. Applovin received several analyst updates: Goldman Sachs downgraded to Neutral, UBS upgraded to Buy, Macquarie reiterated Outperform, and Citigroup maintained Buy. Applovin reported a 45.9% increase in revenue to $21.38 billion for the period ending June 30, 2024.

2. Kenvue (NYSE: KVUE)
Kenvue gained solidly by 5.57%. Starboard Value invests in Kenvue. Kenvue announces a cash dividend of $0.2050 per share, with a cumulative 2024 dividend of $0.8100 per share. JP Morgan maintains an overweight rating with a $25.00 target, while Jefferies initiates a buy rating with a $27.00 target.

3. Hdfc Bank Limited (NYSE: HDB)
Hdfc Bank Limited gained solidly by 4.35%. HDFC Bank's Q1 2025 net profit rose by 38.58% to ₹1718.81 billion with revenue at ₹7241.70 billion. JP Morgan downgraded the bank to "Neutral."

4. Nvidia (Nasdaq: NVDA)
Nvidia gained solidly by 4.14%. NVIDIA's market cap hit a record $3.5 trillion, nearing Apple's level, following a 2% stock rise. The NVIDIA China Developer Day concluded successfully, showcasing AI and deep learning advancements. Microsoft significantly increased orders for NVIDIA's GB200 chips.

5. The Boeingmpany (NYSE: BA)
The Boeingmpany gained solidly by 3.12%. Boeing has reached a tentative labor agreement with the International Association of Machinists and Aerospace Workers, offering a 35% wage increase over four years to end a costly strike. Analysts predict this could raise labor-related costs by over $1 billion.