8 Fastest Growing AI Stocks To Buy Right Now

4. AppLovin Corporation (NASDAQ:APP)

Year-Over-Year Revenue Growth Rate: 43.44%

3-Year Revenue CAGR: 19.02%

Number of Hedge Fund Holders: 95

AppLovin Corporation (NASDAQ:APP) is an American mobile technology company that provides end-to-end software and AI solutions for businesses to reach, monetize, and grow their global audiences. AppLovin Corporation (NASDAQ:APP) is one of the best high-growth stocks to invest in. The company is working to improve its advertising AI models, which are still in the early stages. AppLovin Corporation (NASDAQ:APP) has a promising roadmap ahead filled with opportunities to refine its models. In 2025, the company plans to launch a self-service dashboard powered by AI agents to help its customers manage their campaigns more effectively.

ClearBridge Investments, an investment management company, has a positive outlook on AppLovin Corporation (NASDAQ:APP) and pointed out in its “ClearBridge Mid Cap Strategy” Q4 2024 investor letter that the company has opportunities to continue to expand and grow its share in the mobile app marketing sector as mobile gaming ad spending recovers. The investment management firm also noted that AppLovin Corporation (NASDAQ:APP) has the potential to expand in its addressable e-commerce advertising market, where initial efforts have shown promise. ClearBridge Investments believes that with strong incremental margins and management keeping expenses controlled, AppLovin Corporation (NASDAQ:APP) is positioned to generate significant growth in free cash flow as revenue continues to rise.