The net return objective to the investor is 10.0% pa through capital growth over rolling five-year periods.
IPE Top 10 Material Announcements August 31 to September 7 2026
Global Top 50 Technology Companies | August 2026
File
| Rank | Date | Company | Ticker | Announcement_Type | Summary | IPE_Relevance | Market_Impact | Source_URL |
|---|---|---|---|---|---|---|---|---|
| 1 | 2-Sep-26 | Broadcom | AVGO | Q3 FY2026 Earnings | Reported record Q3 FY2026 revenue with AI-related revenue up 221% YoY to $16.7bn; guided FY2027 AI revenue to ~$115bn and FY2028 to ~$230bn, resolving the prior week's open question over its escalating AI-chip debt financing talks | Watchlist-adjacent name; directly validates the Infrastructure > Software thesis underpinning the AMD position and confirms the scale of the debt-funded AI capex flagged last week | Shares rallied on the beat and the multi-year AI revenue guide; one of the largest single-week confirmations of AI-infrastructure demand this year | https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial |
| 2 | 3-Sep-26 | Nvidia | NVDA | M&A / Acquisition | Confirmed acquisition of open-weight AI hub Hugging Face for almost $13bn (~86x sales), its largest deal ever; platform (3m+ models, 18m users) to continue operating openly with no hardware requirement, deal closing H1 2027 | Watchlist-adjacent name; consolidates Nvidia's grip on the open-source AI developer ecosystem that AMD and other silicon comparables compete to reach | Nvidia shares edged higher on confirmation; flagged as one of the largest AI-platform acquisitions of the year | https://blogs.nvidia.com/blog/nvidia-to-acquire-hugging-face/ |
| 3 | 31-Aug/1-Sep-26 | Nvidia / MediaTek | NVDA/2454.TW | Strategic Investment | Nvidia agreed to invest $3.5bn in Taiwanese chip designer MediaTek (also acquiring ~90% of a related bond issue) as part of its NVLink Fusion push into custom AI silicon | MediaTek is a new entrant in IPE's Global Top 50 (Infrastructure tag); deal reinforces the AI-infrastructure buildout thesis shared with the AMD and Broadcom positions | MediaTek shares jumped roughly 10% on the news | https://www.cnbc.com/2026/09/01/nvidia-deal-mediatek-shares.html |
| 4 | 2-Sep-26 | Uber | UBER | Restructuring / Strategy | Announced cuts of 10% of its workforce (~3,300 roles) to fund a $10bn+ push into autonomous vehicles, while simultaneously lobbying for an 85% human-driver minimum in New Jersey even as Waymo runs ~4,000 unsupervised robotaxis to Tesla's 200+ | Not an IPE holding; direct read-through for the Tesla/Waymo autonomous-vehicle race and the broader AI-infrastructure-into-real-world-deployment narrative | Uber shares little changed; Tesla fell almost 6% on the same day amid the intensifying robotaxi competition framing | https://techcrunch.com/2026/09/02/uber-is-laying-off-10-of-staff-or-3300-people/ |
| 5 | 2-Sep-26 | Snowflake | SNOW | Q2 FY2027 Earnings | Beat estimates and raised its full-year product-revenue forecast as AI-driven products pushed growth to a third consecutive quarter of acceleration (~37% YoY) | Not an IPE holding; enterprise data/AI-platform comparable alongside Palantir and the broader Software/SaaS coverage tags | Shares jumped roughly 22-24% on the beat and raise, among the largest single-day moves of the week | https://www.cnbc.com/2026/09/02/snowflake-snow-q2-earnings-report-2027.html |
| 6 | 2-Sep-26 | MongoDB | MDB | Q2 FY2027 Earnings | Beat every estimate and raised full-year guidance (revenue +30% YoY, Atlas contracted future revenue +91% to $1.52bn, operating margin 24%), but flagged slower Q3 growth ahead | Not an IPE holding; database/cloud-infrastructure comparable illustrating how quickly 'beat and raise' prints are being punished on forward-growth nerves | Shares fell roughly 13.6-15% despite the beat, one of the sharper post-earnings drops of the week | https://247wallst.com/investing/2026/09/02/mongodb-beat-every-estimate-and-raised-guidance-then-lost-13-6-in-a-single-session/ |
| 7 | 3-Sep-26 | Moonshot AI | Private (pre-IPO) | IPO Filing | Beijing AI lab (backed by Alibaba and Tencent) confidentially filed for a Hong Kong IPO seeking roughly $3bn at a ~$50bn valuation, signalling China's frontier AI labs are reaching public markets faster than US peers | Not an IPE holding; extends the AI-IPO wave theme flagged with SpaceX's June listing and is relevant to RICHDAWN's speculative-tech mandate | No listed shares to react; filing itself read as a milestone for Chinese AI-sector capital access ahead of US rivals OpenAI/Anthropic | https://www.rte.ie/news/business/2026/0903/1590165-ai-firm-moonshot-files-confidentially-for-hong-kong-ipo/ |
| 8 | 3-Sep-26 | Alphabet (Google) | GOOGL | Product Launch | Launched Gemini 3.8 Flash at $0.75 per million input tokens, alongside a restricted 'Gemini 3.8 Flash Cyber' variant with cybersecurity capabilities limited to trusted governments and critical-infrastructure operators | Not an IPE holding; Cloud/Hyperscale comparable and part of the broader AI-model price-war dynamic also reflected in this week's token-pricing story | Limited immediate share reaction; positions Google competitively on price against cheaper Chinese open-source models | https://techstartups.com/2026/09/03/top-tech-news-today-september-3-2026-google-hugging-face-meta-moonshot-ai-nvidia-more/ |
| 9 | 3-Sep-26 | Meta Platforms | META | Product Launch | Released Muse Spark 1.3, a coding/AI-agent model explicitly targeting cost-efficient inference rather than maximum capability, positioning Meta to compete on 'AI economics' rather than benchmark scores | Not an IPE holding; Consumer Tech/AI Platforms comparable and a direct response to the same token-price compression affecting the whole sector this week | Limited immediate share reaction; framed as a defensive economics play against cheaper open-source and Chinese models | https://techstartups.com/2026/09/03/top-tech-news-today-september-3-2026-google-hugging-face-meta-moonshot-ai-nvidia-more/ |
| 10 | 1-4-Sep-26 (ongoing) | Sector-wide (Microsoft proxy) | MSFT | Market / Pricing Trend | AI model token prices hit a record low of $0.97 per million, less than half summer highs, driven by cheaper Chinese open-source models and price cuts from major labs; squeezes AI service-provider margins and complicates IPO pitches for OpenAI and Anthropic | Not an IPE holding; macro read-through for the AI-infrastructure-vs-AI-application margin debate central to the Infrastructure > Software thesis | Microsoft fell around 2% on the week amid the margin-compression read-through for AI service providers | https://www.fool.com/investing/breakfast-news/2026/09/04/breakfast-news-week-in-review/ |
10
Total Announcements
$39B+
Total Deal Value
7
Top 50 Global Tech Companies
6
Days Period
Global Top 50 Technology Stocks - August 2026
File
| Rank | Company | Ticker | Country | Aug Market Cap | Jul Market Cap | Month Change | Sector | Key Business | Notable | Data Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Nvidia | NVDA | USA | $5.215T | $4.80T | 8.60% | Semiconductors | AI chips/GPUs for data centres | Reclaimed #1 with a clean rebound off the July AI-capex scare | Verified (Aug live; Jul sourced) |
| 2 | Apple | AAPL | USA | $4.543T | $4.30T | 5.70% | Consumer Electronics | iPhone/Mac/iPad/Services | Recovered strongly despite this week's post-earnings volatility | Verified (Aug live; Jul sourced) |
| 3 | Alphabet (Google) | GOOGL | USA | $4.310T | $4.32T | -0.20% | Internet Services | Search/YouTube/Google Cloud/Android | Roughly flat; Q2 capex hike offset an 82% Cloud growth beat | Verified (Aug live; Jul sourced) |
| 4 | Microsoft | MSFT | USA | $3.174T | $2.83T | 12.20% | Software | Windows/Azure/Office/Gaming | Azure +43% YoY earnings beat drove the month's top mega-cap gain | Verified (Aug live; Jul sourced) |
| 5 | Amazon | AMZN | USA | $2.676T | $2.57T | 4.10% | E-commerce/Cloud | Online retail/AWS cloud services | AWS +37% plus a $53.4B one-off gain on its Anthropic stake | Verified (Aug live; Jul sourced) |
| 6 | Broadcom | AVGO | USA | $2.303T | $1.70T | 35.50% | Semiconductors | Custom AI chips/networking | Best month of the year on custom AI accelerator demand | Verified (Aug live; Jul sourced) |
| 7 | TSMC | TSM | Taiwan | $2.275T | $2.25T | 1.10% | Semiconductors | Chip manufacturing foundry | Announced further $100B Arizona expansion; Q2 beat | Verified (Aug live; Jul sourced) |
| 8 | Tesla | TSLA | USA | $1.589T | $1.51T | 5.20% | Automotive/AI | Electric vehicles/Autonomous driving | Jul baseline was carried/unverified — change is approximate | Aug verified (live); Jul baseline carried/unverified |
| 9 | Meta Platforms | META | USA | $1.577T | $1.65T | -4.40% | Social Media | Facebook/Instagram/WhatsApp/AI | Fell 9.6% on earnings day despite a beat, on FY26 capex raise | Aug verified (live); Jul baseline carried/unverified |
| 10 | Samsung Electronics | 005930.KS | South Korea | $1.548T | $950B | 62.90% | Consumer Electronics/Semi | Smartphones/Memory/HBM | Jul figure was already flagged stale — treat change with caution ⚠️ | Aug verified (live); Jul baseline carried/unverified |
| 11 | Micron Technology | MU | USA | $1.203T | $1.10T | 9.40% | Semiconductors | HBM/DRAM/NAND memory | Rallied on memory crunch; Samsung warns shortage runs to 2028 | Verified (Aug live; Jul sourced) |
| 12 | SK Hynix | 000660.KS | South Korea | $1.096T | $1.13T | -3.00% | Semiconductors | HBM/Memory chips for AI | Slight pullback after a very strong H1 2026 run | Verified (Aug live; Jul sourced) |
| 13 | AMD | AMD | USA | $878.77B | $320B | 174.60% | Semiconductors | PC/Server/AI processors | Jul cap was carried/unverified — change overstated, not a real 3x move ⚠️ | Aug verified (live); Jul baseline carried/unverified |
| 14 | ASML | ASML | Netherlands | $667.40B | $686B | -2.70% | Semiconductor Equipment | EUV lithography machines | Small pullback after breaking $700B intraday in July | Verified (Aug live; Jul sourced) |
| 15 | Oracle | ORCL | USA | $663.38B | $490B | 35.40% | Enterprise Software | Database/Cloud/AI data centres | Jul baseline was carried/unverified — change is approximate | Aug verified (live); Jul baseline carried/unverified |
| 16 | Intel | INTC | USA | $563.12B | $195B | 188.80% | Semiconductors | PC/Server processors/Foundry | Jul cap was carried/unverified — change overstated, not a real 3x move ⚠️ | Aug verified (live); Jul baseline carried/unverified |
| 17 | Tencent | TCEHY | China | $527.36B | $580B | -9.10% | Internet Services | WeChat/Gaming/Social media | Jul baseline was carried/unverified — change is approximate | Aug verified (live); Jul baseline carried/unverified |
| 18 | Cisco | CSCO | USA | $508.30B | $320B | 58.80% | Networking | Network equipment/Security | Jul baseline was carried/unverified — change likely overstated ⚠️ | Aug verified (live); Jul baseline carried/unverified |
| 19 | Arm Holdings | ARM | UK | $436.81B | $152B | 187.40% | Semiconductors | Chip architecture/IP licensing | Jul baseline was carried/unverified — change overstated, not a real move ⚠️ | Aug verified (live); Jul baseline carried/unverified |
| 20 | Lam Research | LRCX | USA | $427.70B | $510B | -16.10% | Semiconductor Equipment | Wafer fabrication equipment | Pulled back off July's post-doubling highs; still up hugely YTD | Verified (Aug live; Jul sourced) |
| 21 | Applied Materials | AMAT | USA | $396.92B | $475B | -16.40% | Semiconductor Equipment | Chip manufacturing equipment | Gave back some of July's WFE-cycle gains | Verified (Aug live; Jul sourced) |
| 22 | Netflix | NFLX | USA | $343.20B | $430B | -20.20% | Streaming | Video streaming/Original content | Jul baseline was carried/unverified — change likely overstated ⚠️ | Aug verified (live); Jul baseline carried/unverified |
| 23 | Palantir | PLTR | USA | $342.33B | $310B | 10.40% | Software | Data analytics/AI platforms | Recovered further after July's multiple compression | Verified (Aug live; Jul sourced) |
| 24 | Alibaba | BABA | China | $306.20B | $310B | -1.20% | E-commerce/Cloud | Online retail/Cloud/Qwen AI | Jul baseline was carried/unverified — change is approximate | Aug verified (live); Jul baseline carried/unverified |
| 25 | IBM | IBM | USA | $290.02B | $261B | 11.10% | IT Services/Software | Cloud/AI/Consulting/Mainframes | Recovering after a 20%+ single-day drop on an infra earnings miss | Verified (Aug live; Jul sourced) |
| 26 | Texas Instruments | TXN | USA | $281.52B | $182B | 54.70% | Semiconductors | Analog chips/Embedded processors | Jul baseline was carried/unverified — change likely overstated ⚠️ | Aug verified (live); Jul baseline carried/unverified |
| 27 | KLA | KLAC | USA | $276.41B | $308B | -10.30% | Semiconductor Equipment | Process control/Inspection tools | Pulled back off July's post-split re-rating highs | Verified (Aug live; Jul sourced) |
| 28 | Dell Technologies | DELL | USA | $272.19B | N/A | NEW | Hardware/Infrastructure | Servers/PCs/AI infrastructure hardware | New entrant since July (Jul file did not include Dell) | New entrant since July — not in prior file |
| 29 | Sandisk | SNDK | USA | $270.68B | N/A | NEW | Semiconductors | NAND flash/storage memory | New entrant since July; fell 16% this week on China competition | New entrant since July — not in prior file |
| 30 | Marvell Technology | MRVL | USA | $267.73B | $270B | -0.80% | Semiconductors | Custom AI silicon/Networking | Broadly flat vs July's carried figure | Aug verified (live); Jul baseline carried/unverified |
| 31 | Kioxia Holdings | 285A.T | Japan | $266.42B | N/A | NEW | Semiconductors | NAND flash memory manufacturing | New entrant since July; part of the memory-sector rally | New entrant since July — not in prior file |
| 32 | Qualcomm | QCOM | USA | $263.75B | $130B | 102.90% | Semiconductors | Mobile processors/5G/Licensing | Jul baseline was carried/unverified — change overstated ⚠️ | Aug verified (live); Jul baseline carried/unverified |
| 33 | MediaTek | 2454.TW | Taiwan | $230.55B | N/A | NEW | Semiconductors | Mobile/consumer SoC chips | New entrant since July | New entrant since July — not in prior file |
| 34 | Palo Alto Networks | PANW | USA | $226.98B | $140B | 62.10% | Cybersecurity | Network security/Cloud security | Jul baseline was carried/unverified — change likely overstated ⚠️ | Aug verified (live); Jul baseline carried/unverified |
| 35 | Arista Networks | ANET | USA | $221.67B | $175B | 26.70% | Networking | Data centre networking/Cloud | Jul baseline was carried/unverified — change likely overstated ⚠️ | Aug verified (live); Jul baseline carried/unverified |
| 36 | SAP | SAP | Germany | $213.16B | $225B | -5.30% | Enterprise Software | ERP/Business software | Jul baseline was carried/unverified — change is approximate | Aug verified (live); Jul baseline carried/unverified |
| 37 | Analog Devices | ADI | USA | $212.70B | $163B | 30.50% | Semiconductors | Analog/Mixed-signal chips | Jul baseline was carried/unverified — change likely overstated ⚠️ | Aug verified (live); Jul baseline carried/unverified |
| 38 | Seagate Technology | STX | Ireland | $209.64B | N/A | NEW | Semiconductors | HDD/data storage for data centres | New entrant since July; riding the storage/memory rally | New entrant since July — not in prior file |
| 39 | Delta Electronics | 2308.TW | Taiwan | $202.66B | $113B | 79.30% | Industrial Tech | Data centre power components | Jul baseline was carried/unverified — change likely overstated ⚠️ | Aug verified (live); Jul baseline carried/unverified |
| 40 | AppLovin | APP | USA | $191.39B | $172B | 11.30% | Software | AI-driven mobile ad tech platform | Jul baseline was carried/unverified — change is approximate | Aug verified (live); Jul baseline carried/unverified |
| 41 | CrowdStrike | CRWD | USA | $191.03B | $112B | 70.60% | Cybersecurity | Endpoint security/Threat intel | Jul baseline was carried/unverified — change likely overstated ⚠️ | Aug verified (live); Jul baseline carried/unverified |
| 42 | Schneider Electric | SU.PA | France | $185.14B | $170B | 8.90% | Industrial Tech | Energy management/Automation | Jul baseline was carried/unverified — change is approximate | Aug verified (live); Jul baseline carried/unverified |
| 43 | Tokyo Electron | 8035.T | Japan | $173.90B | $125B | 39.10% | Semiconductor Equipment | Coater/developer/etch tools | Jul baseline was carried/unverified — change likely overstated ⚠️ | Aug verified (live); Jul baseline carried/unverified |
| 44 | Salesforce | CRM | USA | $156.62B | $200B | -21.70% | Enterprise Software | CRM/Cloud applications | Jul baseline was carried/unverified — change is approximate | Aug verified (live); Jul baseline carried/unverified |
| 45 | Shopify | SHOP | Canada | $147.50B | $178B | -17.10% | E-commerce | E-commerce platform for merchants | Jul baseline was carried/unverified — change is approximate | Aug verified (live); Jul baseline carried/unverified |
| 46 | Uber | UBER | USA | $144.10B | $160B | -9.90% | Transportation Tech | Ride-hailing/Food delivery | Jul baseline was carried/unverified — change is approximate | Aug verified (live); Jul baseline carried/unverified |
| 47 | Foxconn (Hon Hai) | 2317.TW | Taiwan | $137.76B | N/A | NEW | Hardware/Manufacturing | Electronics contract manufacturing | New entrant since July; key Apple/AI-server assembler | New entrant since July — not in prior file |
| 48 | Delta Electronics (TH) | DELTA.BK | Thailand | $135.25B | $104B | 30.00% | Industrial Tech | Data centre power infrastructure | Jul baseline was carried/unverified — change is approximate | Aug verified (live); Jul baseline carried/unverified |
| 49 | Infineon | IFX.DE | Germany | $132.75B | N/A | NEW | Semiconductors | Power semiconductors/Automotive chips | New entrant since July | New entrant since July — not in prior file |
| 50 | Sony | SONY | Japan | $131.60B | $128B | 2.80% | Consumer Electronics | PlayStation/Cameras/Entertainment | Jul baseline was carried/unverified — change is approximate | Aug verified (live); Jul baseline carried/unverified |
The watch list is for informational purposes only and that does not actually represent the actual assets of the Fund
File
IPE Global Top 50 - Monthly Movers | July -> August 2026
NEW ENTRANTS - Stocks that entered the Top 50 in August 2026
| Company | Ticker | Aug Market Cap | Country | IPE Sector Tag | Notes |
|---|---|---|---|---|---|
| Dell Technologies | DELL | $272.19B | USA | Infrastructure | AI server/PC infrastructure hardware; back on the memory/AI infra rally |
| Sandisk | SNDK | $270.68B | USA | Infrastructure | NAND flash/storage; volatile week (-16%) on China competition fears |
| Kioxia Holdings | 285A.T | $266.42B | Japan | Infrastructure | NAND flash memory; part of the broader memory-sector rally |
| MediaTek | 2454.TW | $230.55B | Taiwan | Infrastructure | Mobile/consumer SoC chips |
| Seagate Technology | STX | $209.64B | Ireland | Infrastructure | HDD/data storage riding the storage/memory infrastructure rally |
| Foxconn (Hon Hai) | 2317.TW | $137.76B | Taiwan | Industrial Tech | Key Apple/AI-server contract assembler |
| Infineon | IFX.DE | $132.75B | Germany | Infrastructure | Power semiconductors/automotive chips |
EXITS - Stocks that dropped out of the Top 50 in August 2026
| Company | Ticker | Jul Market Cap | Country | Notes | |
|---|---|---|---|---|---|
| Booking Holdings | BKNG | $152B | USA | Travel tech; dropped out on relative underperformance | |
| PDD Holdings | PDD | $143B | China | Chinese e-commerce; dropped out on relative underperformance | |
| ServiceNow | NOW | $135B | USA | Software/SaaS; dropped out - continues to face SaaSpocalypse pressure | |
| Intuit | INTU | $133B | USA | Software/SaaS; dropped out on relative underperformance | |
| Adobe | ADBE | $123B | USA | Software/SaaS; dropped out - creative software growth concerns persist | |
| Advantest | 6857.T | $122B | Japan | AI chip test equipment; dropped out on relative underperformance | |
| Spotify | SPOT | $118B | Sweden | Streaming; dropped out on relative underperformance |
IPE Top 20 Revenue Growth Q2 2026
File
| Rank | Company | Ticker | Sector | Revenue Growth YoY % | Reported Revenue | Fiscal Period | Notes |
|---|---|---|---|---|---|---|---|
| 1 | Micron Technology | MU | Infrastructure | 346% | $41.46B | FQ3 FY26 (ended 28-May-26) | 5th straight record quarter; DRAM/NAND/HBM demand far outstrips supply |
| 2 | SK Hynix | 000660.KS | Infrastructure | 198% | W52.6T (~$34.5B) | Q1 CY26 (ended 31-Mar-26) | HBM #1 share; official Q2 print due late July, not yet reported |
| 3 | Dell Technologies | DELL | Infrastructure | 88% | $43.8B | FQ1 FY27 (ended ~May-26) | AI server backlog $51.3B; FY27 AI server revenue guide raised to $60B |
| 4 | Nvidia | NVDA | Infrastructure | 85% | $81.6B | FQ1 FY27 (ended 26-Apr-26) | Data Center revenue +92% YoY to $75.2B within this total |
| 5 | Palantir | PLTR | AI Platforms | 85% | $1.633B | Q1 CY26 (ended 31-Mar-26) | US revenue +104% YoY; 11th straight quarter of accelerating growth |
| 6 | Samsung Electronics | 005930.KS | Infrastructure | 69% | W133.9T (~$91B) | Q1 CY26 (ended 31-Mar-26) | Semiconductor (DS) division revenue +225% YoY within this total |
| 7 | Broadcom | AVGO | Infrastructure | 48% | $22.187B | FQ2 FY26 (ended 3-May-26) | AI semiconductor revenue +143% YoY to $10.8B within this total |
| 8 | TSMC | TSM | Infrastructure | 41% | $35.9B | Q1 CY26 (ended 31-Mar-26) | HPC/AI now 61% of revenue; Q2 CY26 print due 16-Jul, not yet reported |
| 9 | Meta Platforms | META | Consumer Tech | 33% | $56.31B | Q1 CY26 (ended 31-Mar-26) | Fastest growth since 2021; FY26 capex raised to $125–145B |
| 10 | Marvell Technology | MRVL | Infrastructure | 28% | $2.418B | FQ1 FY27 (ended ~May-26) | Custom AI silicon bookings raising FY27/FY28 outlook further |
| 11 | Lam Research | LRCX | Infrastructure | 24% | $5.841B | FQ3 FY26 (ended 29-Mar-26) | Customer Support Business Group crossed $2B/qtr for first time |
| 12 | Alphabet (Google) | GOOGL | Cloud/Hyperscale | 22% | $109.9B | Q1 CY26 (ended 31-Mar-26) | Google Cloud +63% YoY to $20B within this total |
| 13 | Oracle | ORCL | Cloud/Hyperscale | 21% | $19.2B | FQ4 FY26 (ended May-26) | Cloud revenue +47% YoY within total; RPO reached $638B |
| 14 | Microsoft | MSFT | Cloud/Hyperscale | 18% | $82.9B | FQ3 FY26 (ended 31-Mar-26) | Azure +40% YoY within total; Microsoft Cloud revenue +29% YoY |
| 15 | Amazon | AMZN | Cloud/Hyperscale | 17% | $181.5B | Q1 CY26 (ended 31-Mar-26) | AWS +28% YoY, fastest AWS growth rate in 3+ years |
| 16 | Apple | AAPL | Consumer Tech | 17% | $111.2B | FQ2 FY26 (ended 28-Mar-26) | iPhone revenue +22% YoY to $57B; Services +16% YoY |
| 17 | ASML | ASML | Infrastructure | 13% | €8.8B | Q1 CY26 (ended 31-Mar-26) | FY26 guidance raised to €36–40B; Q2 CY26 print due mid-July |
| 18 | Cisco | CSCO | Infrastructure | 12% | $15.8B | FQ3 FY26 | AI infra orders from hyperscalers $5.3B YTD; FY26 guide raised to $9B |
| 19 | Applied Materials | AMAT | Infrastructure | 11% | $7.91B | FQ2 FY26 (ended 26-Apr-26) | DRAM revenue +18% YoY; semi equipment biz guided +30% for CY26 |
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.