When investors think of the market’s best growth stocks, the same familiar mega-cap names like Nvidia (NVDA), AMD (AMD), and Microsoft (MSFT) usually come to mind. But this year’s standout performer isn’t riding on just hype. AppLovin (APP) is achieving tremendous growth by quietly scaling its platform using artificial intelligence (AI)-powered technology while producing significant cash flow. Furthermore, its inclusion in the S&P 500 Index signals that expectations are rising.
AppLovin stock has surged 122% year-to-date (YTD), outperforming most in the “Magnificent Seven” group. Let’s see if now is a good time to buy APP stock.
