AppLovin stock dives 16% as AI ad-tech fears flare ahead of earnings
Shares of AppLovin Corp dropped 16.1% on Wednesday, slipping to $387.34 by the close—a $74.35 decline—after hitting an intraday low of $382.50. The stock showed little movement in after-hours trading as investors dumped mobile ad-tech names amid renewed concerns that new AI tools might disrupt the industry’s “ad stack.”