Core News Facts
Recent trends indicate that artificial intelligence (AI) is on track to be the most transformative technology since the internet, with 55% of Americans using generative AI weekly, compared to the internet’s 16-year adoption timeline. This surge in AI interest stems from the launch of ChatGPT in late 2022.
AppLovin (NASDAQ: APP) has developed an AI-powered recommendation engine that is projected to provide an 89% upside, with a median target price of $771 among analysts. Meanwhile, Robinhood Markets (NASDAQ: HOOD) is leveraging AI with its trading platform, aiming for an 81% upside based on a median target price of $152 per share. Both companies are experiencing robust growth in adjusted earnings expectations, with AppLovin projected to grow at 48% annually and Robinhood at 20% over the next three years.
