Valued at a market cap of $151.2 billion, AppLovin Corporation (APP) is a Palo Alto, California-based company that provides end-to-end artificial intelligence-powered advertising solutions for businesses.
This advertising company has outperformed the broader market over the past 52 weeks. Shares of APP have surged 66.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 30.6%. However, on a YTD basis, the stock is down 31.7%, compared to SPX’s 4.7% rise.
