Jim Cramer recently discussed 25 stocks on AI spending, including AppLovin Corporation (APP). The software company allows customers to build advertisement platforms for digital engagement. APP’s shares have gained 74% year-to-date but closed 8.7% lower on Monday. The firm reported $1.41 billion in revenue and $2.45 in earnings per share, beating analyst estimates.

Cramer stated that APP has no competition and almost a total market share in its space. While there is potential for APP as an investment, other AI stocks may offer higher returns with limited downside risk. For those seeking an extremely cheap AI stock with upside potential, check out the free report on the best short-term AI stock.

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Read more at Yahoo Finance: AppLovin (APP) Has No Competition, Says Jim Cramer