AppLovin Corp ( APP ) surged 20.9% to $370.02 over the past week, driven by upbeat first-quarter results and broader tech sector momentum following a major U.S.-China tariff rollback.

What To Know: On Wednesday, AppLovin ( APP ) reported first-quarter revenue of $1.48 billion (+40% YoY), beating estimates of $1.38 billion. Adjusted EPS came in at $1.67, above the $1.45 consensus. The advertising segment led growth, with 71% YoY revenue expansion and a record 81% margin.

The company guided second-quarter ad revenue to $1.195–$1.215 billion, above consensus, with adjusted EBITDA of $970M–$990M. Analysts responded positively: BofA reaffirmed a Buy with a $580 target, while Goldman Sachs and JPMorgan raised targets to $435 and $355, respectively.

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What Else: AppLovin's ( APP ) rally was further fueled by easing macro pressures. On Monday, markets rallied after the U.S. and China agreed to slash tariffs significantly for 90 days, reducing economic uncertainty and inflation risks. April's CPI data confirmed cooling inflation, reinforcing investor optimism.

Despite a cautious second-quarter outlook due to limited advertiser onboarding capacity, management expects reacceleration as a self-serve platform launches.

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How To Buy APP Stock

By now you're likely curious about how to participate in the market for AppLovin ( APP ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of AppLovin ( APP ), which is trading at $370.02 as of publishing time, $100 would buy you 0.27 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, APP has a 52-week high of $525.15 and a 52-week low of $60.67.