NasdaqGS:APPSoftware
Assessing AppLovin (APP) Valuation After AI Competition Fears And Sector Selloff
The latest slide in AppLovin (APP) stock was sparked by growing concern that new AI tools like CloudX and Google’s Project Genie could threaten its mobile advertising and gaming businesses.
See our latest analysis for AppLovin.
Those AI related fears have hit the share price hard in the short term, with a 30 day share price return of a 35.74% decline and a year to date share price return of a 34.22% decline. This comes even though the 3 year total shareholder return is very large and the 1...