15 AI News That Broke The Internet

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10. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 51

On November 25, BofA raised the firm’s price target on AppLovin Corporation (NASDAQ:APP), a prominent marketing platform driven by AI technology, to $375 from $252 and kept a “Buy” rating on the shares. The firm said that the buy rating comes after several positive developments and “bullish” events ever since the company’s performance boost in Q3 from AI-driven advertising. The reasons include increased investor participation; the stock joining the Nasdaq 100 index on November 18; the company’s announcement of a transition to an all-unsecured debt capital structure on November 19; and S&P upgrading AppLovin Corporation (NASDAQ:APP) to investment grade on November 7.

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