Reported 15 days ago
AppLovin has emerged as the leading AI stock of 2024, skyrocketing approximately 628% year-to-date, following impressive Q3 results driven by its Axon 2 adtech platform. With a 39% increase in overall revenue to $1.2 billion and a substantial rise in earnings per share, the company is optimistic about continued growth, especially as it explores opportunities beyond gaming. Despite the stock's significant gains, analysts suggest that further upside could remain if the company maintains its growth trajectory.
Source: YAHOO