From Yahoo Finance: 2025-04-16 22:24:00

The stock market tumbled as Federal Chairman Jerome Powell’s bearish comments on the US economy spooked investors, citing tariff policies leading to inflation. Nasdaq fell 3.07%, S&P 500 down 2.24%, Dow Jones dropped 1.73%.

AppLovin Corp. (APP) shares plunged 6.38% to $229.81 amid ongoing class action lawsuit. Law firms urge shareholders who lost money between May 10, 2023, and February 25, 2025, to lead as plaintiffs for APP’s alleged misleading statements on business growth.

A short seller report accused APP of unethical advertising practices, including manipulating ad click-through and app download rates by fake clicks. APP denied allegations, hired a law firm for investigation. Despite ranking 10th in stock declines, potential lies in AI stocks for higher returns.

Investors in AppLovin Corp. (APP) are urged to consider other AI stocks for better returns. Despite APP’s decline, there are AI stocks with promising potential trading at less than 5 times earnings. For more information, check out the report on the cheapest AI stock with high growth potential.

Read more: Why AppLovin Corporation (APP) Declined on Wednesday