APP - 2 Red-Hot AI Growth Stocks to Buy in 2024 and Beyond
2024-04-10 03:30:00 ET
When it comes to investing in growth stocks, sometimes it is best to let your winners run. This looks to be the case with two red-hot growth companies whose stocks have performed strongly over the past year.
It's not a well-known company, but AppLovin (NASDAQ: APP) stock is certainly getting some attention and its price is up about 375% over the past year. The company has been a big beneficiary of artificial intelligence (AI), which helped reinvigorate its growth.
AppLovin is an adtech company whose solutions are used by mobile app developers to improve the marketing and monetization of their apps. The company also owns a portfolio of apps as well.
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2 Red-Hot AI Growth Stocks to Buy in 2024 and Beyond