Marketing tech
fromYahoo Finance
5 days agoWhy AppLovin Stock Trounced the Market Today
AppLovin reported Q1 results with revenue and adjusted net income above estimates, driving a 6%+ share price rise and strong Q2 guidance.
U.S. equity markets ended the week lower as a mix of trade tensions and political uncertainty unsettled investors. The Nasdaq Composite and S&P 500 initially held firm, supported by continued enthusiasm for artificial intelligence-related companies. A major boost came from Advanced Micro Devices' announcement of a strategic partnership with OpenAI, which lifted AMD's shares by more than 20% early in the week.