Shares of AppLovin (NASDAQ: APP) spent much of this year in the doghouse as investors worried about rival Unity Software 's (NYSE: U) progress. AppLovin missed second-quarter expectations after its model performance failed to improve at its usual pace. However, the stock surged after its third-quarter results zoomed past expectations. Given the adtech company's growth and valuation, AppLovin still looks like a buy after this rebound. Let's dig into its results and prospects to see why the artificial intelligence (AI) stock still looks like a good buy.
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