Jim Cramer on Q3 Noteworthy Stocks: 10 Stocks in Focus

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1. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 109

AppLovin Corporation (NASDAQ:APP) is one of the noteworthy Q3 stocks Jim Cramer was focused on. Cramer highlighted it as the best-performing S&P 500 stock of the quarter. He said:

“The best performing S&P 500 stock from the third quarter is one that seems unstoppable, and that stock is AppLovin. This stock’s a quandary because it’s far from a household name. AppLovin’s a mobile technology company that helps app developers make money by selling advertising space within their apps.

The stock rallied 105% in the third quarter alone. It’s been an extraordinary performer that remains relatively unknown because it’s not consumer-facing. We just don’t see it. I would not bet against this AppLovin stock, even as it’s been the target of short sellers who have been run over by the buyers, and I think it’s going to stay that way.”

AppLovin Corporation (NASDAQ:APP) provides a software platform that supports advertisers and publishers with tools for app discovery, real-time ad bidding, analytics, and connected TV distribution. In addition, the company develops and operates free-to-play mobile games.

While we acknowledge the potential of AppLovin Corporation (NASDAQ:APP) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APP and that has 100x upside potential, check out our report about this cheapest AI stock.

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