Top 12 AI Stocks Dominating the Market Right Now

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10. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 51

AppLovin Corporation (NASDAQ:APP) provides a leading marketing platform powered by AI technology. On February 10, Jefferies analyst James Heaney CFA maintained their bullish stance on the stock, giving a “Buy” rating along with an upward revision of the price target to $460. The analyst’s buy rating stems from Applovin’s potential to outperform market expectations in the upcoming quarters. A recent survey on mobile gaming advertising has revealed how AppLovin remains a leading network among major advertisers. Moreover, the shift in advertiser spending plans suggests a promising growth trajectory. E-commerce advertising data analysis further demonstrates substantial ad expenditure through AppLovin, which in turn points to a significant revenue boost in the near term. Applovin leverages its AI-driven ad technology, particularly its AI-driven ad engine Axon 2.0, to optimize mobile and e-commerce advertising. All of these positive indicators have led to a buy rating on the stock.

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