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AppLovin's Nasdaq-Topping 700% Rally Sets Up Challenging 2025 [Yahoo! Finance Canada]
Last nvidia corporation earnings: 2/13 04:20 pm
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Most Read from Bloomberg The stock fell 7% on Tuesday after Bank of America analysts said fourth-quarter revenue for the company's apps business may miss Wall Street expectations. The drop marks the start of what's set to be a tougher year for the stock, which was the best performer on the Nasdaq 100 Index in 2024, with a more than 700% jump that beat out Nvidia Corp. and Broadcom Inc. AppLovin, which provides marketing services to mobile app developers, now needs to live up to the frenzy that's made it one of the most expensive stocks in the tech gauge. “So much positive momentum got built in based on the possibility of where this stock could actually go,” said Brian Mulberry, client portfolio manager at Zacks Investment Management Inc., which holds shares in AppLovin. “We don't think that this is a moment where we would question their success, but we do want to see them back it up with more real results,” Mulberry said, adding that the shares are unlikely to repeat their 2024
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