Up Over 900% in the Last Year, Investors Continue to Love AppLovin's Strong Growth. Is It Too Late to Buy the Stock?
AppLovin (NASDAQ: APP) continues to be one of the hottest stocks around, with its shares surging following its fourth-quarter earnings report. The stock is up more than 900% over the past year, as of this writing.AppLovin's main business is an adtech platform that mobile app developers use to attract users and better monetize their apps. It also owns a legacy portfolio of its own apps. The company has seen explosive growth since the launch of its Axon 2 AI-based advertising technology solution in the second quarter of 2023.Let's take a closer look at this top-performing artificial intelligence (AI) stock's most recent results, and see whether it's too late to buy the stock.Continue reading
AppLovin (NASDAQ: APP) continues to be one of the hottest stocks around, with its shares surging following its fourth-quarter earnings report. The stock is up more than 900% over the past year, as of this writing.
AppLovin's main business is an adtech platform that mobile app developers use to attract users and better monetize their apps. It also owns a legacy portfolio of its own apps. The company has seen explosive growth since the launch of its Axon 2 AI-based advertising technology solution in the second quarter of 2023.
Let's take a closer look at this top-performing artificial intelligence (AI) stock's most recent results, and see whether it's too late to buy the stock.
