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.
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 APP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.