AppLovin Drops 19.9% as Investors Flee High-Priced Growth Stocks

As seen on the 24/7 Wall St. homepage on August 6, 2026.

Biggest movers · At the close Aug 6, 4:10pm ET

Gainers

CLOVClover Health$4.67+12.7%
SOUNSoundHound AI$7.03+9.3%
ALABAstera Labs$340.48+6.9%
JOBYJoby Aviation$8.25+5.8%
FNFabrinet$552+5.7%

Losers

APPAppLovin$334.86-19.9%
BROSDutch Bros$53.79-18.1%
FUBOfuboTV$9.22-13.5%
AXONAxon Enterprise$530.32-13.0%
DUOLDuolingo$121.84-10.0%

Owning expensive growth cost you today: AppLovin closed down 19.9%, with Axon and Duolingo double-digit and near double-digit losers alongside it. The money rotated into AI hardware, where Astera Labs and Fabrinet both finished higher.

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AppLovin (APP) led a steep selloff in richly valued growth names on August 6, closing down 19.9% to $334.86. Axon Enterprise (AXON) fell nearly 13% to $530.32, while Duolingo (DUOL) shed just under 10% to $121.84. Dutch Bros (BROS) was the session's second-largest loser, dropping 18.1% to $53.79, and fuboTV fell 13.5% to $9.22.

Sources

Mentioned: APP, AXON, DUOL, BROS, ALAB, FN, CLOV, SOUN

Related Market Updates

Biggest movers · At the close 4:10pm ET

Gainers

ARMArm$323+17.2%
ALABAstera Labs$342.36+12.9%
APPSDigital Turbine$12.02+12.8%
INTCIntel$122.14+12.5%
DOCNDigitalOcean$146.28+12.4%

Losers

NVONovo Nordisk$39.81-7.9%
IOTSamsara$38.08-3.7%
XOMExxon Mobil$158.69-3.0%
CVXChevron$203.95-2.6%
BROSDutch Bros$39.05-2.5%

Arm closed up 17.19% at $323, topping a session where four other priority names each added more than 12%. Declines stayed shallow: Novo Nordisk's 7.94% drop was the only one past 4%, with Exxon Mobil and Chevron down under 3%.

APP AppLovin

Regular session

2:00pm ET

$329.76

+6.83% open $308.69

A 6.83% intraday run to $329.76 adds close to $7 billion of market value on a $100 billion company in one session. Moves this size rarely stay quiet here, so keep an eye on whether the close holds above the open.

Biggest movers · At the close Sep 17, 4:10pm ET

Gainers

TEMTempus AI$80.08+14.5%
SMRNuScale Power$9.15+10.2%
IONQIonQ$40.31+9.4%
SMCISuper Micro Computer$40.28+9.3%
ALABAstera Labs$293.29+9.0%

Losers

DKNGDraftKings$22.54-7.4%
FUBOfuboTV$9.93-6.4%
CRWVCoreWeave$80.15-3.9%
SPOTSpotify$529.96-3.2%
AXONAxon Enterprise$453.59-3.2%

Tempus AI closed 14.46% higher, the biggest move in a 111-name priority list where four other gainers ran 9% or better. The downside was far tamer: DraftKings led decliners at 7.38%, and nothing else lost more than 6.4%.

Biggest movers · At the close Sep 16, 4:10pm ET

Gainers

CIFRCipher Mining$16.66+10.4%
BRKRBruker$60.87+9.2%
IQiQIYI$1.08+8.0%
COHRCoherent$290.33+7.1%
AXONAxon Enterprise$471.39+6.6%

Losers

ONON Semiconductor$66.66-8.9%
FANGDiamondback Energy$195.04-7.8%
APPSDigital Turbine$10.78-5.3%
ACHRArcher Aviation$5.22-4.6%
DUOLDuolingo$148.19-3.7%

Cipher Mining closed the session up 10.4% at $16.66, the widest gain across 111 priority names. At the other end, ON Semiconductor gave up 8.9% and Diamondback Energy 7.8%, a roughly 19-point spread between the best and worst names on the day.

BROS Dutch Bros

Sep 15, 6:00pm ET

New 52-week low $41.98 -3.4% vs prior low · 2026-09-10

Dutch Bros marked a fresh 52-week low at $41.98, undercutting the low it set just five days earlier. The market cap now sits at $5.8 billion, roughly 42% below the June peak.

Biggest movers · At the close Sep 15, 4:10pm ET

Gainers

TEMTempus AI$68.74+10.5%
BRKRBruker$55.97+6.3%
QCOMQualcomm$187.79+4.2%
SSentinelOne$23.47+3.8%
RBRKRubrik$103.47+3.3%

Losers

AXONAxon Enterprise$444.7-9.3%
CAVACava$49.8-9.3%
CLOVClover Health$4.64-9.1%
FUBOfuboTV$10.9-8.2%
OPENOpendoor Technologies$2.65-5.2%

Tempus AI closed the session up 10.5%, the only double-digit move among 111 tracked names. The downside was deeper and broader: Axon, Cava and Clover Health all gave up more than 9%.

Biggest movers · At the close Sep 14, 4:10pm ET

Gainers

ZSZscaler$192.17+16.8%
RBRKRubrik$99.51+14.8%
SSentinelOne$22.64+14.6%
PANWPalo Alto Networks$374.56+13.3%
IOTSamsara$42.98+12.0%

Losers

COHRCoherent$267.13-12.5%
ALABAstera Labs$257.28-11.7%
HPEHewlett Packard Enterprise$55.59-10.5%
ARMArm$240.05-9.3%
AAOIApplied Optoelectronics$96.14-8.8%

Zscaler finished Monday up 16.8% at $192.17 while Coherent shed 12.5%. Four of the top five gainers are cybersecurity names, and four of the five losers are chip and infrastructure plays.

Biggest movers · At the close Sep 10, 4:10pm ET

Gainers

CLOVClover Health$4.75+9.4%
APPSDigital Turbine$11.78+6.5%
FUBOfuboTV$11.39+6.3%
DUOLDuolingo$145.15+4.2%
SNAPSnap$5.51+3.7%

Losers

OPENOpendoor Technologies$2.81-6.4%
HPEHewlett Packard Enterprise$55.22-6.3%
CRWVCoreWeave$89.38-5.9%
INTCIntel$100.64-5.3%
SMRNuScale Power$10.25-5.2%

Clover Health closed up 9.45%, the single biggest move in the 111-name priority list today. Keep an eye on the stock.

HOUSE TRADE DISCLOSURE Gilbert Ray Cisneros, Jr.

Sep 9, 8:00pm ET

AMD Advanced Micro Devices, Inc. (AMD)Partial sell$1K – $15K
AGIO 150 Main Street Trust > Bank of America Agios Pharmaceuticals, Inc. - Common StoBuy$1K – $15K
APH 150 Main Street Trust > Bank of America Amphenol Corporation Common Stock (APH)Buy$1K – $15K
APG 150 Main Street Trust > Bank of America APi Group Corporation Common Stock (APG)Buy$1K – $15K
APP 150 Main Street Trust > Bank of America Applovin Corporation - Class A Common StPartial sell$1K – $15K
AORT 150 Main Street Trust > Bank of America Artivion, Inc. Common Stock (AORT)Buy$1K – $15K
ATRC AtriCure, Inc. - Common Stock (ATRC)Buy$1K – $15K
BSX 150 Main Street Trust > Bank of America Boston Scientific Corporation Common StoBuy$1K – $15K

+ 42 more trades in this filing

Disclosed 37 days after the earliest trade

Fifty-eight transactions in one filing amount to a full portfolio rebuild: bigger-ticket buys in Microsoft, Eaton, Quanta Services and Globus Medical, funded partly by repeated Lamar Advertising sales and trims in AMD, Nvidia and Meta. The rotation leans toward power, infrastructure and medical devices while chip and ad-tech exposure comes down. Disclosed 37 days after the earliest trades.

Biggest movers · At the close Sep 4, 4:10pm ET

Gainers

GPROGoPro$1.73+24.1%
SNDKSanDisk$1,735.55+11.6%
ALABAstera Labs$311.74+10.2%
SKHYSK hynix Inc.$177.22+8.3%
IRENIren$44.65+7.2%

Losers

ASANAsana$8.9-11.8%
TSLATesla$354.48-5.8%
WDAYWorkday$195.78-5.4%
NFLXNetflix$78.31-5.3%
SNOWSnowflake$337.85-5.2%

Thursday's close split hard along hardware versus software: GoPro added 24.1% and SanDisk, Astera Labs and SK hynix all posted double-digit or near double-digit gains, while Asana, Workday and Snowflake each shed more than 5%. Tesla and Netflix fell with them.

BROS Dutch Bros

Sep 1, 6:00pm ET

New 52-week low $46.31 -0.8% vs prior low · 2026-03-27

Dutch Bros just broke its March floor, closing at $46.31, a new 52-week low. That removes the last support level bulls had left under this $6.4 billion coffee chain.

Biggest movers · At the close Sep 1, 4:10pm ET

Gainers

GPROGoPro$1.21+38.1%
DUOLDuolingo$159.32+7.4%
CLOVClover Health$4.3+3.5%
AAPLApple$325.49+2.7%
XOMExxon Mobil$164.53+2.2%

Losers

AXONAxon Enterprise$519.24-8.3%
APPSDigital Turbine$9.96-7.4%
DELLDell Technologies$422.72-7.3%
CAVACava$61.37-6.7%
SSentinelOne$20.65-6.6%

Closed up 38.1%, a move no other priority name came close to matching. Axon, Digital Turbine, Dell, Cava and SentinelOne all shed more than 6.5% in a single session.