AI Powers Surging Growth for AppLovin and Nvidia Stocks
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AppLovin's stock price has surged 375% over the past year due to the success of its AXON 2 AI advertising technology. Q3 and Q4 results showed tremendous revenue and earnings growth.
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AppLovin benefits from the shift to real-time bidding in mobile auctions, allowing it to work with more advertisers and have publishers use its platform more.
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Nvidia's stock price is up 225% over the past year as its GPUs power AI applications. Data center revenue, most of which is AI-related, makes up 78% of total revenue.
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Nvidia's networking business, including Quantum InfiniBand and new Ethernet offerings, saw 217% revenue growth last quarter thanks to AI demand.
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Despite huge stock gains, both AppLovin and Nvidia remain attractively valued for further upside given strong growth outlooks driven by artificial intelligence.