Move Over Nvidia and Palantir, This AI Juggernaut Is Up 628% Year to Date. Can the Stock's Momentum Continue?

Move over Nvidia and Palantir Technologies, AppLovin (NASDAQ: APP) took over as the top-performing artificial intelligence (AI) stock in 2024 thanks to the share price surge that followed the release of its third-quarter results. The price jump puts the stock up about 628% year to date as of Nov. 9.AppLovin owns a portfolio of gaming apps but its primary business is an adtech solution to help mobile app developers attract users and better monetize their apps. Since the launch of its Axon 2 AI-based advertising technology in the second quarter of 2023, the company has seen explosive growth.Let's take a close look at the company's Q3 results and whether the stock is still a buy.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool