10 Hot AI Stocks to Watch Right Now

7. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 95

AppLovin Corporation (NASDAQ:APP) provides a leading marketing platform powered by AI technology. On February 26, two short sellers, namely Fuzzy Panda and Culper Research, published short reports against AppLovin Corporation, causing the stock’s trading to be briefly halted due to volatility. According to these reports, AppLovin is misrepresenting the benefits of its AI advertising platform. Instead, it is “force-feeding” app installations onto phones as a way to drive up revenue. In particular, Fuzzy Panda Research has alleged that “no one seems to know what AppLovin does”.

Research has discovered that Axon 2.0, a black-box machine-learning algorithm, is the “nexus of a House of Cards” based upon tactics often referred to as “Ad Fraud.” It further said that they have been told that AppLovin is “stealing” data from Meta in their e-commerce push. It has also been exploiting consumers and their data, which are clear violations of Google’s and Apple’s app store policies.