- AppLovin has seen explosive growth in revenue and profitability since introducing its Axon-2 AI-powered adtech platform, with revenue surging 68% to $1.41 billion last quarter.
- Meta Platforms is leveraging AI to drive ad growth, seeing a 26% revenue increase in Q3 led by a 14% rise in ad impressions and a 10% increase in average ad prices.
- Pinterest is using AI to fuel growth, with revenue climbing 17% last quarter and EBITDA rising by 24%, particularly excelling in international markets with a 41% revenue jump in Europe.
- Semiconductor and cloud computing companies dominate AI stocks discussion, but digital advertising is a strong AI-powered growth niche.
- AppLovin, Meta Platforms, and Pinterest are benefiting from AI-driven ad growth, with opportunities for further expansion and monetization in their respective platforms.
Read more at Nasdaq: Could This Be the Most Overlooked Way to Profit From the AI Boom?
