Arm Holdings Limited (ARM - Free Report) provides processor designs and software platforms. Arm Holdings is critical to the AI buildout because its chip designs power a vast array of devices, enabling efficient and scalable processing necessary for the proliferation of AI technologies across various industries and applications. The company was by far the most successful IPO of 2023. Since going public in September, the stock is up some 107%! ARM has three essential qualities that make a pullback buy attractive. The pullback is the second to the 50-day moving average (likely to be high reward-to-risk), the stock is institutional quality (institutions tend to support stocks at the 10-week MA), and ARM is part of the strongest industry (a key driver of stocks).

AppLovin Corporation (APP - Free Report) provides technology platform which enables developers to market, monetize, analyze and publish their apps. AppLovin is one of 314 companies in the Business Services group. The Business Services group currently sits at #6 within the Zacks Sector Rank. AppLovin is currently sporting a Zacks Rank of #1 (Strong Buy). Over the past three months, the Zacks Consensus Estimate for APP's full-year earnings has moved higher by double digits. This means that analyst sentiment is stronger and the stock's earnings outlook is improving. Our latest available data shows that APP has returned about 96.3% since the start of the calendar year. Wall Street is falling in love with AppLovin because its new AI-enhanced features are boosting ROI for APP’s clients, leading to booming sales and earnings for AppLovin.

Research Chief Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.

Free: See Our Top Stock And 4 Runners Up