Big-name managers are piling into adtech stock AppLovin, the newest hedge fund hotel

1. Hedge funds heavily invested in AppLovin, signaling strong market confidence. 2. AppLovin's stock soared over 1,200% due to AI-driven advertising revenue growth. 3. Management expects 20-30% ad network growth supported by gaming and e-commerce. 4. AppLovin is becoming a hedge fund hotel with significant institutional backing. 5. Market capitalization exceeds $170 billion, outpacing major companies like Verizon.