AMS:ASMI.AS News 20 January 2026

January 23, 2026, 9:04 AM EST. AppLovin (NASDAQ: APP) shares surged nearly 800% since its 2021 IPO, despite a 35% drop early last year amid lawsuit and short-seller pressure. The stock rebounded with strong quarterly results, peaking at $745.61 before retreating 22% year-to-date, yet still outperforming major indexes. The company leverages AI-driven advertising through its Axon engine, expanding beyond gaming into sectors like e-commerce and fintech, as CEO Adam Foroughi noted during Q4 2024 earnings. Analysts remain mixed, with Benchmark and Jefferies maintaining Buy ratings amid fundamental concerns. AppLovin's focus on personalized ads and a new self-service platform underpin its secular growth potential. Investors weigh risk after a 90% post-pandemic drawdown against momentum from AI-powered innovations and new market penetration.