🔥 The Nasdaq plunged 5.5%, but this AI company soared 31% against the trend!
At the close of U.S. markets on November 5, AI tech stocks took a major hit, but AppLovin (APP) surged 31%!
Its latest earnings report showed third-quarter revenue of $2.185 billion, up 55% year over year, and net income up 72%. The company also authorized an additional $3.2 billion in stock buybacks.
Why was it the only one celebrating?
The market is concerned that AI data centers require massive investment and take too long to pay off, while APP’s advertising business has already delivered impressive profits. Strong earnings, combined with buybacks, helped drive the stock higher.
The AI market is taking a fresh look: who is really turning technology into profits?
Keep an eye on what’s next: can the fourth-quarter outlook be met, and can the rally continue?
#美股 #App #Aİ #纳斯达克 #财报
At the close of U.S. markets on November 5, AI tech stocks took a major hit, but AppLovin (APP) surged 31%!
Its latest earnings report showed third-quarter revenue of $2.185 billion, up 55% year over year, and net income up 72%. The company also authorized an additional $3.2 billion in stock buybacks.
Why was it the only one celebrating?
The market is concerned that AI data centers require massive investment and take too long to pay off, while APP’s advertising business has already delivered impressive profits. Strong earnings, combined with buybacks, helped drive the stock higher.
The AI market is taking a fresh look: who is really turning technology into profits?
Keep an eye on what’s next: can the fourth-quarter outlook be met, and can the rally continue?
#美股 #App #Aİ #纳斯达克 #财报
