APP

AppLovin Corporation Class A Common Stock

2026-01-17 12:58 AM

-6.41%

AppLovin extends multi-day selloff amid broader tech weakness and China chip concerns

AppLovin continues a steep four-day decline that began January 14 when tech stocks pulled back following reports that Chinese customs blocked Nvidia's H200 AI chips. Despite positive analyst coverage from Evercore initiating with an 'Outperform' rating, the stock has failed to find support.

Analysis

This marks the fourth consecutive down day for APP, with cumulative losses exceeding 20% since January 13. The selloff appears driven by a combination of sector-wide tech weakness triggered by China chip export concerns and profit-taking after APP's massive 2025 rally. The disconnect between bullish analyst initiations and continued selling suggests institutional repositioning rather than company-specific deterioration. Volume at 1.8x average indicates meaningful but not panic-level selling pressure.

Sources

Date: 2026-01-17

Price: $568.10

Type: Sector Wide

Confidence: medium