The net return objective to the investor is 10.0% pa through capital growth over rolling five-year periods.
Material Announcements Mar 23 to Mar 30 2026
Global Top 50 Technology Companies | March 2026
File
| Rank | Date | Company | Announcement Type | Key Details | Market Impact | Source URL | ||
|---|---|---|---|---|---|---|---|---|
| 1 | 23/03/2026 | NVIDIA (NVDA) / Intel (INTC) | Strategic Collaboration + $5B NVDA Equity in INTC | NVDA invests $5B in INTC; joint AI data centre CPUs and x86 RTX SOCs via NVLink | AI compute and x86 ecosystems fusing; landmark infrastructure consolidation | https://nvidianews.nvidia.com/news/nvidia-and-intel-to-develop-ai-infrastructure-and-personal-computing-products | ||
| 2 | 27/03/2026 | SoftBank (9984) / OpenAI | SoftBank $40B Bridge Loan — OpenAI IPO Signal | $40B unsecured 12-month loan (JPMorgan, Goldman, Mizuho); funds $30B OpenAI stake | AI capital concentration accelerating; 12-month term signals 2026 OpenAI IPO | https://techcrunch.com/2026/03/27/why-softbanks-new-40b-loan-points-to-a-2026-openai-ipo/ | ||
| 3 | 26/03/2026 | Meta (META) | El Paso Data Centre Capex Raised 6x to $10B | El Paso facility: $10B (from $1.5B); 1GW by 2028; 5000MW clean energy contracted | Hyperscaler infra buildout intensifying; energy and physical compute constraints key | https://www.cnbc.com/2026/03/26/meta-to-spend-10-billion-on-ai-data-center-in-el-paso-1gw-by-2028.html | ||
| 4 | 26/03/2026 | Apple (AAPL) | US Manufacturing Expanded + $3.3B Tariffs Absorbed | 4 new US partners; $3.3B tariff costs absorbed; 100M+ TSMC Arizona chips in 2026 | Supply chain resilience intact near-term; TSMC Arizona capacity strategically vital | https://www.cnbc.com/2026/03/26/apple-american-manufacturing-program-trump.html | ||
| 5 | 25/03/2026 | Meta (META) | Dual Court Defeats + 700 Layoffs — AI Pivot Confirmed | NM and CA child safety rulings; ~$380M exposure; 700 cuts in VR, recruiting, FB | Section 230 risk elevated; AI reallocation from social/VR to infra confirmed | https://www.stockmarketnerd.com/news-of-the-w-2/ | ||
| 6 | 23/03/2026 | Tesla / SpaceX / xAI | Terafab — $20B+ Semiconductor Fab Announced Austin TX | Musk announces joint $20B+ chip fab for EVs / Optimus / AI compute near Tesla HQ | Vertical AI chip integration; direct competition to TSMC dependency narrative | https://techstartups.com/2026/03/23/top-tech-news-today-march-23-2026/ | ||
| 7 | 24/03/2026 | Apple (AAPL) | WWDC 2026 Confirmed June 8–12 — AI Credibility Test | WWDC June 8-12 at Apple Park; focus iOS 27 / Gemini Siri / Apple Intelligence APIs | Key platform catalyst; developer AI tooling expansion defines Apple AI narrative | https://techstartups.com/2026/03/24/top-tech-news-today-march-24-2026/ | ||
| 8 | 23/03/2026 | OpenAI | Headcount Doubling to ~8 | 000 + Enterprise Pivot | Targeting ~8 | 000 staff (+100%) by Dec 2026; engineering / safety / enterprise sales | Research lab becoming enterprise OS; talent and compute demand intensifying | https://techstartups.com/2026/03/23/top-tech-news-today-march-23-2026/ |
| 9 | 23/03/2026 | Market Macro | Q1 2026 Final Week — Infra vs Software Bifurcation | Software -20% Q1; semis +13% YTD; VIX 26.78; Brent $113/bbl; S&P 500 -1.9% week | Infrastructure > Software thesis confirmed by Q1 scorecard; macro compresses SaaS | https://www.interactivebrokers.com/campus/traders-insight/securities/macro/weekly-market-recap-week-of-march-23-2026/ | ||
| 10 | 23/03/2026 | Arm Holdings (ARM) | Arm Entering Own-Chip Market — SoftBank Stake Boosted | Arm moving beyond IP licensing to sell own chips; ARM shares +40% YTD in 2026 | IP-to-product shift threatens licensees; boosts SoftBank balance sheet for OpenAI | https://www.japantimes.co.jp/business/2026/03/28/companies/softbank-openai-loan/ |
10
Total Announcements
$39B+
Total Deal Value
7
Top 50 Global Tech Companies
6
Days Period
Global Top 50 Technology Stocks March 2026
File
| Rank | Company | Ticker | Country | Market Cap (USD) | Feb Market Cap | Month Change | Sector | Key Business | Notable |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Nvidia | NVDA | USA | $4.427T | $4.427T | ~Flat | Semiconductors | AI chips/GPUs for data centers and gaming | https://Steady at top; DeepSeek fears faded; Blackwell demand strong |
| 2 | Apple | AAPL | USA | $3.920T | $4.156T | -5.70% | Consumer Electronics | iPhone, Mac, iPad, Services | https://Slight pullback; tariff exposure concerns on China supply chain |
| 3 | Alphabet (Google) | GOOGL/GOOG | USA | $3.800T | $3.864T | -1.70% | Internet Services | Search/YouTube/Cloud/Android | https://Holding #3; Gemini momentum; advertising resilience |
| 4 | Microsoft | MSFT | USA | $3.530T | $3.576T | -1.30% | Software | Windows/Azure cloud/Office/Gaming | https://Stable; Copilot integration expanding; Azure growth steady |
| 5 | Amazon | AMZN | USA | $2.400T | $2.460T | -2.40% | E-commerce/Cloud | Online retail/AWS cloud services | https://AWS holding ground; tariff risk on retail segment |
| 6 | TSMC | TSM | Taiwan | $1.780T | $1.538T | 15.70% | Semiconductors | Chip manufacturing foundry | https://UP to #6; US$250B US investment deal Jan 2026; massive AI fab demand ⭐ |
| 7 | Meta Platforms | META | USA | $1.650T | $1.687T | -2.20% | Social Media | Facebook/Instagram/WhatsApp/VR | https://Slight pullback; AI spending commentary pressured sentiment |
| 8 | Broadcom | AVGO | USA | $1.570T | $1.820T | -13.70% | Semiconductors | Custom AI chips/networking/software | https://Pulled back from Feb highs; custom AI chip thesis intact |
| 9 | Tesla | TSLA | USA | $1.200T | $1.512T | -20.60% | Automotive/AI | Electric vehicles/Autonomous driving | https://Big pullback; Musk brand risk; EV demand softness ⚠️ |
| 10 | Tencent | 0700.HK | China | $720.00B | $709.76B | 1.40% | Internet Services | WeChat/Gaming/Social media | https://Moved up to #10 as Tesla pulled back; China domestic strength |
| 11 | Samsung Electronics | 005930.KS | South Korea | $460.00B | $492.45B | -6.60% | Consumer Electronics/Semi | Smartphones/Memory chips/Displays | https://Memory chip pricing softened slightly; AI HBM demand still strong |
| 12 | Alibaba | BABA | China | $420.00B | $377.72B | 11.20% | E-commerce/Cloud | Online retail/Alipay/Cloud | https://UP; China recovery narrative + Qwen AI model strength ⭐ |
| 13 | Oracle | ORCL | USA | $420.00B | $616.81B | -31.90% | Enterprise Software | Database/Cloud/ERP software | https://Major correction ⚠️ Missed cloud guidance; Stargate hype faded |
| 14 | ASML | ASML | Netherlands | $415.00B | $431.16B | -3.80% | Semiconductor Equipment | Lithography machines for chipmaking | https://Slight pullback; EUV monopoly intact; job cuts announced Jan 2026 |
| 15 | Netflix | NFLX | USA | $410.00B | $431.82B | -5.00% | Streaming | Video streaming/Original content | https://Minor pullback; subscriber growth momentum continues |
| 16 | Palantir | PLTR | USA | $380.00B | $427.77B | -11.20% | Software | Data analytics/AI platforms | https://Pulled back from highs ⚠️; still massive run from #35; AI platform thesis intact |
| 17 | AMD | AMD | USA | $300.00B | $355.01B | -15.50% | Semiconductors | PC/Server/AI processors | https://Semi selloff hit AMD hard; MI300X still winning data center share ⚠️ |
| 18 | SAP | SAP | Germany | $295.00B | $289.70B | 1.80% | Enterprise Software | ERP/Business software | https://Resilient; European tech outperforming; cloud ERP transition |
| 19 | Cisco | CSCO | USA | $290.00B | $306.50B | -5.40% | Networking | Network equipment/Security | https://Slight pullback; enterprise networking demand solid |
| 20 | IBM | IBM | USA | $285.00B | $288.73B | -1.30% | IT Services/Software | Cloud/AI/Consulting/Mainframes | https://Stable; AI consulting revenue building; mainframe cycle continuing |
| 21 | Salesforce | CRM | USA | $255.00B | $250.12B | 2.00% | Enterprise Software | CRM/Cloud applications | https://Agentforce AI product gaining traction; slight uptick |
| 22 | Micron Technology | MU | USA | $240.00B | $261.70B | -8.30% | Semiconductors | Memory chips (DRAM/NAND) | https://HBM demand intact but near-term DRAM pricing concerns ⚠️ |
| 23 | SK Hynix | 000660.KS | South Korea | $235.00B | $255.19B | -7.90% | Semiconductors | Memory chips for AI/mobile | https://High-bandwidth memory leader; slight pullback with semi sector |
| 24 | Applied Materials | AMAT | USA | $195.00B | $214.59B | -9.10% | Semiconductor Equipment | Chip manufacturing equipment | https://Semi equipment pullback; AI fab buildout still driving orders |
| 25 | AppLovin | APP | USA | $190.00B | $230.10B | -17.40% | Software | Mobile advertising platform | https://Big pullback from highs ⚠️; still major outperformer vs Jan; ad platform intact |
| 26 | Shopify | SHOP | Canada | $195.00B | $208.93B | -6.70% | E-commerce | E-commerce platform for merchants | https://Slight pullback; SMB growth platform thesis intact |
| 27 | Lam Research | LRCX | USA | $185.00B | $199.99B | -7.50% | Semiconductor Equipment | Wafer fabrication equipment | https://Semi equipment cycle pullback; AI-driven capex still supports outlook |
| 28 | Uber | UBER | USA | $190.00B | $192.63B | -1.40% | Transportation Tech | Ride-hailing/Food delivery | https://Steady; autonomous vehicle partnerships evolving |
| 29 | QUALCOMM | QCOM | USA | $185.00B | $189.99B | -2.60% | Semiconductors | Mobile processors/5G/Licensing | https://Stable; smartphone recovery on track; PC chip diversification |
| 30 | Intel | INTC | USA | $195.00B | $200.60B | -2.80% | Semiconductors | PC/Server processors/Foundry | https://Recovery progressing; new CEO execution watched closely |
| 31 | Intuit | INTU | USA | $180.00B | $186.75B | -3.60% | Software | TurboTax/QuickBooks/Credit Karma | https://Tax season tailwind; financial software steady |
| 32 | ServiceNow | NOW | USA | $172.00B | $179.14B | -4.00% | Software | IT service management/Workflow | https://Enterprise AI workflow demand solid; slight pullback |
| 33 | Arista Networks | ANET | USA | $168.00B | $161.25B | 4.20% | Networking | Data center networking/Cloud | https://UP; AI data center networking spending still accelerating ⭐ |
| 34 | Texas Instruments | TXN | USA | $165.00B | $167.44B | -1.50% | Semiconductors | Analog chips/Embedded processors | https://Industrial semi bottoming; dividend yield attracting value investors |
| 35 | KLA | KLAC | USA | $158.00B | $160.29B | -1.40% | Semiconductor Equipment | Process control/Inspection | https://Steady; process yield tools critical for advanced nodes |
| 36 | Sony | SONY | Japan | $162.00B | $168.87B | -4.10% | Consumer Electronics | PlayStation/Cameras/Entertainment | https://PS5 cycle mature; gaming still solid; slight pullback |
| 37 | Schneider Electric | SU.PA | France | $158.00B | $154.38B | 2.30% | Industrial Tech | Energy management/Automation | https://UP; data center power infrastructure thesis strengthening ⭐ |
| 38 | Arm Holdings | ARM | UK | $145.00B | $150.53B | -3.70% | Semiconductors | Chip architecture/IP licensing | https://Pulled back slightly; royalty model still benefiting from AI chip proliferation |
| 39 | Palo Alto Networks | PANW | USA | $145.00B | $138.27B | 4.90% | Cybersecurity | Network security/Cloud security | https://UP; cybersecurity spend resilient in uncertain macro ⭐ |
| 40 | Adobe | ADBE | USA | $142.00B | $147.80B | -3.90% | Software | Creative Cloud/Acrobat/Marketing | https://AI Firefly integration gaining traction; slight pullback |
| 41 | PDD Holdings (Pinduoduo) | PDD | China | $155.00B | $167.29B | -7.40% | E-commerce | Chinese e-commerce/Temu | https://Temu under regulatory scrutiny in some markets; pulled back |
| 42 | Analog Devices | ADI | USA | $135.00B | $138.40B | -2.50% | Semiconductors | Analog/Mixed-signal chips | https://Industrial/automotive semi stable; defensive positioning |
| 43 | CrowdStrike | CRWD | USA | $133.00B | $131.91B | 0.80% | Cybersecurity | Endpoint security/Threat intelligence | https://Steady recovery post-2024 outage; cloud security demand intact |
| 44 | Xiaomi | XIACF | China | $135.00B | $142.92B | -5.50% | Consumer Electronics | Smartphones/IoT devices | https://EV launch progress; slight pullback |
| 45 | Booking Holdings | BKNG | USA | $162.00B | $166.77B | -2.90% | Travel Tech | Online travel booking (Booking.com) | https://Travel demand resilient; slight pullback |
| 46 | Robinhood | HOOD | USA | $110.00B | $118.44B | -7.10% | Financial Tech | Trading platform/Crypto | https://Crypto winter concerns pulling back ⚠️ |
| 47 | Spotify | SPOT | Sweden | $120.00B | $116.95B | 2.60% | Streaming | Music streaming/Podcasts | https://UP; podcast monetisation strengthening; subscriber growth ⭐ |
| 48 | MercadoLibre | MELI | Argentina | $108.00B | $109.15B | -1.10% | E-commerce/Fintech | Latin American marketplace/Payments | https://LatAm e-commerce steady; fintech penetration continuing |
| 49 | Automatic Data Processing | ADP | USA | $105.00B | $106.14B | -1.10% | Software | Payroll/HR management | https://Defensive HR software; steady in uncertain macro |
| 50 | Foxconn (Hon Hai) | 2317.TW | Taiwan | $100.00B | $102.95B | -2.90% | Manufacturing | Contract electronics manufacturing | https://AI server manufacturing growing; slight pullback |
| Key Themes - March 2026 | |||||||||
| TSMC THE STANDOUT MOVER | |||||||||
| TSMC: +15.7% ($1.538T → $1.780T) - US$250B US investment deal sealed; massive AI chip manufacturing demand; now ranked #6 globally ⭐⭐ | |||||||||
| TESLA SHARP CORRECTION | |||||||||
| Tesla: -20.6% ($1.512T → $1.200T) - Musk brand/political exposure; EV demand softness; robotaxi timeline uncertainty ⚠️ | |||||||||
| ORACLE MAJOR CORRECTION | |||||||||
| Oracle: -31.9% ($616B → $420B) - Cloud growth missed guidance; Stargate hype faded from Jan highs; biggest loser in Top 15 ⚠️ | |||||||||
| BROADCOM PULLBACK | |||||||||
| Broadcom: -13.7% ($1.820T → $1.570T) - Pulled back from Feb highs; custom AI chip design wins intact; medium-term thesis unchanged | |||||||||
| ALIBABA RECOVERY CONTINUES | |||||||||
| Alibaba: +11.2% ($377B → $420B) - China AI (Qwen model) + domestic consumption recovery; moved up to #12 ⭐ | |||||||||
| CYBERSECURITY RESILIENT | |||||||||
| Palo Alto +4.9%; CrowdStrike +0.8% - Security spend proving defensive in uncertain macro; IPE Infrastructure thesis validated | |||||||||
| SEMICONDUCTOR EQUIPMENT UNDER PRESSURE | |||||||||
| Applied Materials -9.1%; Lam Research -7.5%; KLA -1.4% - Semi equipment pulled back with broader chip sector; AI fab buildout medium-term still strong | |||||||||
| APPLOVIN CORRECTION | |||||||||
| AppLovin: -17.4% ($230B → $190B) - Pulled back sharply from Feb highs; still a massive run from Jan; mobile ad platform thesis intact |
The watch list is for informational purposes only and that does not actually represent the actual assets of the Fund
While technology and the innovation that surrounds new technologies has been the flavor of recent years, it has been an area of vast opportunity for decades.
Now, with the world having entered the digital age, digital transformation across all industries is of paramount focus for all boards and CEOs.
This is producing unprecedented opportunities for investors through identifying both successful disruptors and industries where there is significant disruption to traditional means of conducting commercial activities.