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AppLovin Shares Soar 12% to $576 on Strong Earnings and

AppLovin Shares Soar 12% to $576 on Strong Earnings and AI Advertising Momentum

NEW YORK — AppLovin Corporation shares surged more than 12 percent on Wednesday, climbing $62.17 to $576.41 in midday trading after the mobile technology company reported robust first-quarter results and raised its full-year guidance, highlighting continued strength in its AI-powered advertising platform and gaming business.

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