AppLovin's 300% surge in 2024 leaves ad-tech company with big expectations for earnings

While Nvidia's spectacular surge remains the biggest story in the technology industry, the AI chipmaker's performance on the market has been dwarfed this year by a digital advertising company with a specialty in gaming.AppLovin has soared 310% in 2024, beating every U.S. tech company with a market cap of at least $5 billion, according to FactSet data. Nvidia, which has led the artificial intelligence boom and become the world's second-most valuable public company, is up 173% this year.Founded 12 years ago, ...