AppLovin (APP) Surged Spurred By Broad-Based Growth Drivers

Core Insights - BlackRock Science and Technology Term Trust reported a return of 10.1% on market price and 11.6% on net asset value (NAV) for Q3 2025, underperforming the MSCI Custom ACWI SMID Growth IT Call Overwrite Index which returned 15.2% [1] - The fund adjusted its investments in the technology sector to align with changing market conditions and emerging opportunities [1] Company Highlights - AppLovin Corporation (NASDAQ:APP) was highlighted in the investor letter, showing a one-month return of 7.02% and a 52-week gain of 115.80%, with a closing stock price of $698.82 and a market capitalization of $236.17 billion as of December 29, 2025 [2] - AppLovin's revenue increased by 68% year-over-year to approximately $1.405 billion in Q3 2025, indicating strong performance [4] Sector Performance - The software subsector contributed significantly to relative returns, benefiting from a rebound in AI-related investments driven by strong AI capital expenditure commitments and robust earnings [3] - The internet sector also saw gains due to macroeconomic tailwinds and strong earnings from major players [3]