AppLovin stock declined 24% in the first half of 2026 despite strong financial performance, driven by concerns about AI disruption, competition from Meta in iOS ad tracking, and a short-seller attack. However, the company continues to deliver impressive revenue growth (66% increase) and profit margins, with management showing confidence through stock buybacks.
Axe note: AppLovin's share slump despite strong growth signals pressure from AI and Meta that South African tech investors should watch.