We recently published Jim Cramer Discussed These 25 Stocks In An Important Show About AI Spending. AppLovin Corporation is one of the stocks Jim Cramer recently discussed.
AppLovin Corporation is a software company that allows customers to build advertisement platforms for digital engagement. Its shares have gained 74% year-to-date but closed 8.7% lower on Monday. AppLovin Corporation reported its earnings last week, which saw the firm’s shares gain as much as 7.8% in premarket trading. The results saw AppLovin Corporation post $1.41 billion in revenue and $2.45 in earnings per share. Both of these beat analyst estimates. Cramer’s previous comments about the firm have asserted that he wouldn’t bet against the stock. In fact, in January, Cramer went as far as to call AppLovin Corporation a “love stock” and added that Palantir and the firm “should go get married.” This time, he asserted that the firm had no competition in its space:
Source: pixabay
“They have no competition. You know that. They have no competition. No one does what they’re doing. . no one. No one does that, they have almost a total, a hundred percent market share.”
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This article is originally published at Insider Monkey.
