Summary: AppLovin (APP) and Nvidia (NVDA) have experienced significant stock surges due to AI technology growth.

From Nasdaq: 2024-04-10 03:30:00

1. AppLovin’s stock (NASDAQ: APP) has surged 375% over the past year, driven by its AI technology. Revenue in Q4 grew 36% year over year, with software platform revenue increasing 88%. The company’s innovative AXON 2 engine is fueling growth, making it an attractive investment with a forward P/E of under 17x.

2. Nvidia’s stock (NASDAQ: NVDA) has soared 225% in the past year, powered by its GPUs for generative AI applications. Revenue in Q4 surged 265% to $22.1 billion, with data center revenue growing 409%. With a forward P/E of about 35x, Nvidia remains undervalued given its growth prospects in AI and networking.



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