The stock market is a funny place: When great businesses go on sale, most people don’t rejoice. Instead they freak out. This presents an excellent opportunity for long-term investors who keep their wits about them and triangulate between price and value. As I perform my own triangulations, I find many tech stocks on sale today, … Read more
AppLovin Inc. shares soared Thursday after Wall Street was supportive of the app-monetization company plan to shift focus to its higher-margin software business and treat its lower-margin app segment like a standalone business, parts of which it could sell following a strategic evaluation. AppLovin APP, + 35.01% shares climbed as much as 46% to an … Read more
AppLovin Inc. shares rallied in the extended session Wednesday after the app-monetization company executives said they expect about $ 2 billion from their software business alone in 2023 and could sell their apps business. AppLovin APP, -5.90% shares, which were halted for trading soon after the market closed, rallied as much as 50% at one … Read more
Advanced Micro Devices Inc.’s data-center business will finally get its own spotlight. After reporting record sales Tuesday and predicting another record this quarter, AMD AMD, + 1.44% Chief Financial Officer Devinder Kumar said that beginning in the second quarter, the chip maker will delineate sales specifically from the division that has boosted its stock in … Read more
