Key Takeaways AppLovin's Q2 2025 revenues rose 77% as EBITDA surged 99% and net income jumped 156%.ARM faces risk in China from RISC-V adoption, challenging its AI and IoT chip momentum.APP's forward P/E of 39.36X looks more attractive versus ARM's 73.32X premium valuation.Both AppLovin Corporation (APP) and Arm Holdings plc (ARM) are tech companies riding the AI wave, AppLovin through sophisticated AI-driven advertising algorithms and app monetization engines and Arm Holdings through its advanced chip arch ...