AppLovin Just Joined the S&P 500. Here's What History Suggests the Artificial Intelligence (AI) Stock Will Do Next.

Advertising-technology (adtech) company AppLovin (NASDAQ: APP) launched its Axon 2.0 software in early 2023. That upgraded software, which has artificial intelligence aspects, has propelled the business ahead and lifted its market cap high enough to earn it a spot in the S&P 500.On Sept. 5, S&P Global announced that AppLovin would be included in the broad large-cap index. AppLovin already had a market capitalization of over $150 billion at the time and trailing-12-month net income of over $2.7 billion. That made it both big and profitable, which are two of the criteria that the selection team looks for when considering new additions to the S&P 500.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool