Why AppLovin Stock Was Soaring High Today
APPApplovin(APP) The Motley Fool·2024-05-09 23:22

The launch of its new AI software last year has been an overwhelming success.Shares of app discovery and monetization company AppLovin (APP 18.28%) soared high on Thursday after the company reported financial results for the first quarter of 2024. As of 10:45 a.m. ET, AppLovin stock was up 18% and hitting fresh 52-week highs.Another great quarter driven by software growthThe star of the show for AppLovin right now is its AXON software, powered by artificial intelligence (AI). The company's software helps co ...