AppLovin Joins S&P 500 as Cramer Hails Stock's Strong Growth Momentum

AppLovin Corporation (NASDAQ:APP) is one of the 12 Jim Cramer Stock Picks this Week.

The stock captures Cramer’s attention following the announcement of its inclusion in the S&P 500.

In the financial results announced for the second quarter of 2025, the company reported a revenue of $1.26 billion, a 16.5% year-on-year growth. Though the revenue missed the analyst estimates by 1.2%, the company’s EPS of $2.39 beat the estimates by 20.4%, thus gaining a positive outlook. The outlook was further enhanced by AppLovin Corporation (NASDAQ:APP)’s inclusion in the S&P 500. The stock is set to join the index on September 22, 2025, when the market opens.

The stock also gained the attention of Jim Cramer, as reflected in the following statement.

“Of the three newest members of the S&P 500, AppLovin and Robinhood are both red-hot stocks that’ve gotten even hotter”

Insider Monkey database recorded 109 hedge funds with share ownerships at AppLovin Corporation (NASDAQ:APP), suggesting significant confidence in the company’s growth prospects.

AppLovin Corporation, a Palo Alto, California-based company founded in 2012, is a mobile technology company. It provides a software platform and AI-powered solutions to help mobile app developers with marketing, monetization, and analysis required for growing their audiences.

While we acknowledge the potential of APP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure. None.