For months, shares of mobile ad firm AppLovin (APP) slumped for no reason. On Wednesday, APP stock jumped by 10.69%, ahead of its Q3 report. The stock gained nearly 23% in after-hours trading following the results.
AppLovin posted GAAP EPS of $4.30. Revenue of $2.19 billion is a growth rate of 55.3% Y/Y. The adjusted EBITDA margin of 85% impressed investors.
Watch Adobe Systems (ADBE) today. Citi analysts cut their rating to a sell. That sent the stock down from $256 to a close of $248.48 yesterday. Citi set a price target of $207, down from $250.
In the chip sector, watch Arm Holdings (ARM). The stock closed below $200 for the first time since May. In Q2, it earned $0.52 a share (adjusted). Revenue grew by 27% Y/Y to $1.44 billion. License and other revenue grew by 50% Y/Y. It accounted for $773 million of the revenue.
SoftBank (SFTBY) cannot afford to see ARM stock fall. It is a majority holder that used the stock to back its debt. SoftBank stock closed at $13.05, a price not seen since April 2026.
Watch MercadoLibre (MELI). It posted revenue growth of 45.1% to $10.8 billion. The firm spent $503 million on capital expenditure. It also spent $2.1 billion to invest in the expansion of its credit portfolio. Readers might consider Amazon (AMZN), Coupang (CPNG), or Sea Ltd. (SE) alongside MercadoLibre.
