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Magnite and Trade Desk rise on agentic AI ad products; AppLovin remains flat amid sector split.

Market News
02 Sep 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

Magnite and Trade Desk stocks surged 6% and 5% respectively due to their agentic AI advertising products, while AppLovin's stock remained nearly unchanged. This divergence highlights a growing split within programmatic advertising, where investors favor companies with clear agentic AI offerings and partnerships. Magnite leads with a 41% year-to-date gain, Trade Desk and AppLovin lag behind with significant losses. The trend suggests investors are selectively valuing ad-tech firms based on their AI product roadmaps, signaling a potential reshaping of how these stocks are priced going forward.

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