AI and crypto drove gains in this year's top 5 tech stocks [CNBC]
Applovin Corporation - Class A (APP)
Company Research
Source: CNBC
Crypto was the other big driver, particularly after Donald Trump's election victory in November. While AppLovin had the biggest percentage gain, Nvidia added by far the most market cap, increasing in value by $2.2 trillion. Artificial intelligence is still an abstract concept for many everyday consumers unsure about how it will change their lives. But there's no question about whether businesses are finding value in it. Some of the biggest winners in this year's stock market rally that's seen the Nasdaq jump 33% and other U.S. indexes notch double-digit gains have direct ties to the rapid advancements in AI. Chipmaker Nvidia is among them, but it's not alone. The other standout theme that's driven this year's outperformers is crypto. Starting with the launch of spot bitcoin exchange-traded funds in January, cryptocurrencies had a big 2024, punctuated by Donald Trump's election victory, which was funded heavily by the crypto industry. A number of stocks tied to crypto got a bi
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News
- Nvidia Hits $3.4 Trillion Market Cap, How AI Will Disrupt 2025? [Yahoo! Finance]Yahoo! Finance
- 5 things to know before the stock market opens Thursday [CNBC]CNBC
- AppLovin (APP) Beats Stock Market Upswing: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- These 4 Business Services Stocks Should Not Stop Rewarding Investors [Yahoo! Finance]Yahoo! Finance
- Should You Invest in the First Trust Cloud Computing ETF (SKYY)? [Yahoo! Finance]Yahoo! Finance
APP
Earnings
- 11/6/24 - Beat
APP
Sec Filings
- 12/23/24 - Form 4
- 12/12/24 - Form 4
- 12/12/24 - Form 4
- APP's page on the SEC website