AppLovin Shares Soar as Artificial Intelligence (AI) Drives Huge Revenue Surge. Up Nearly 400% in the Past Year, Is It Too Late to Buy the Stock?
APPApplovin(APP) The Motley Fool·2024-05-14 18:20

AppLovin has been one of the biggest beneficiaries of AI. Shares of AppLovin (APP -0.07%) jumped following its first-quarter earnings report, which saw the adtech company's revenue surge 48% to $1.06 billion. The stock has been one of the market's standout performers over the past year, up nearly 400%. Let's look at what has been driving the company's success, if it can continue, and whether it is too late to buy the stock. Impressive Q1 results AppLovin's fortunes changed for the better after the company r ...