The net return objective to the investor is 10.0% pa through capital growth over rolling five-year periods.
Material Announcements Mar 2nd to Mar 9th 2026
Global Top 50 Technology Companies | March 2026
File
| Rank | Date | Company | Announcement Type | Key Details | Market Impact | Source URL | |
|---|---|---|---|---|---|---|---|
| 1 | Mar-04 | Broadcom | Q1 FY26 Earnings Results | Revenue $19.31B (+29% YoY); Adj. EPS $2.05 vs $2.02 est; AI chip revenue $8.4B (+74% YoY) — custom XPUs (Google TPU7 + Meta MTIA) shipping in record volumes; Q2 guidance $15.25-$15.65B; backlog $73B; investing in glass substrates for next-gen AI packaging; Ethernet (Tomahawk 6 / Jericho3-AI) gaining on Nvidia InfiniBand | Beat across all metrics; shares +6% day of results; strongest AI infrastructure print of the week; validates custom silicon and Ethernet networking as structural AI spend — not transient | https://www.cnbc.com/2026/03/04/broadcom-avgo-q1-earnings-report-2026.html | |
| 2 | Mar-05 | Marvell Technology | Q3 FY26 Earnings Beat + Post-Earnings Run | Revenue $8.195B (+42% YoY); EPS $2.84 (+81% YoY); Q4 AI networking revenue $2.2B driven by data centre strength; stock rose in sympathy with Broadcom as market confirmed custom ASIC (XPU) rotation is structural; Celestial AI acquisition (closed Feb-02) positions MRVL in optical scale-up interconnect ahead of copper limits | Shares rose on Broadcom sympathy + own earnings beat; market pricing in XPU rotation as multi-year cycle — direct competitor to Nvidia NVLink proprietary stack via neutral optical fabric | https://investingnews.com/top-tech-news/ | |
| 3 | Mar-08 | Samsung Electronics / SK Hynix | Vera Rubin HBM4 Supplier Confirmation | Samsung and SK Hynix confirmed as sole HBM4 suppliers for Nvidia Vera Rubin (H2 2026); SK Hynix ~70% allocation / Samsung ~30%; Micron excluded from flagship Vera Rubin segment — confirmed for mid-tier Rubin CPX only; sources: Korea Economic Daily citing industry insiders; TrendForce projects DRAM prices +55-60% QoQ in 2026 | Positive Samsung + SK Hynix; Micron (MU) near-term headwind — excluded from highest-value AI memory tier; HBM4 at 288GB/GPU per Rubin superchip = highest per-unit memory content ever in AI accelerators | https://techbriefly.com/2026/03/09/nvidia-taps-korean-duo-for-flagship-vera-rubin-ai-memory/ | |
| 4 | Mar-07 | Nvidia | GTC 2026 Pre-Conference Positioning (March 16-19) | GTC 2026 confirmed San Jose March 16-19; Vera Rubin official architecture launch — 5x Blackwell inference performance; 10x lower token cost; 4x fewer GPUs for MoE training; six co-designed chips; AWS / Google Cloud / Microsoft Azure / OCI confirmed first deployers H2 2026; Feynman architecture (2028) preview expected; market watching for Blackwell Ultra production update and geopolitical chip supply guidance | Pre-conference analyst reports driving NVDA coverage; stock -4.8% YTD despite blockbuster Feb-25 Q4 results — market pricing AI trade anxiety over fundamentals; GTC historically a catalyst for re-rating | https://www.tradingkey.com/analysis/stocks/us-stocks/261657446-nvidia-gtc-2026-preview-vera-rubin-feynman-tradingkey | |
| 5 | Mar-05 | Nvidia | Geopolitical Risk + Optics Investment | $2B investment in optics technology announced to support AI infrastructure ambitions; chip production being redirected amid rising US export controls pressure; First Blackwell wafer produced on US soil at TSMC Arizona facility confirmed; NVLink Fusion ecosystem expanding to AMD and custom silicon (Amazon Trainium / Google TPU) — Nvidia opening NVLink to non-NVIDIA chips | Negative near-term sentiment on export controls uncertainty; long-term positive — TSMC Arizona onshoring reduces geopolitical risk; NVLink Fusion expansion signals Nvidia protecting ecosystem moat against open Ethernet alternatives | https://finance.yahoo.com/quote/NVDA/ | |
| 6 | Mar-05 | Apple | MacBook Neo Launch + February Mag 7 Outperformance | MacBook Neo announced — new lower-priced Mac entry point targeting students and emerging markets; strategic intent: broaden installed base and drive Services attach rates; Q1 FY26 revenue $143.76B (+15.7% YoY) — record quarter; iPhone $85.27B; Services $30.01B; Greater China $25.53B (+38% YoY); returned $24.7B to shareholders via buybacks in Q1 while peers committed $115-200B capex | Only Mag 7 stock in positive territory in February (+1.91%); capital discipline rewarded in volatile month; MacBook Neo expands PC market share; Services margin resilience shields earnings vs capex-heavy peers | https://247wallst.com/investing/2026/03/05/magnificent-7-stock-report-apple-leads-nvidia-fades-microsoft-crashes/ | |
| 7 | Mar-06 | US Tech Sector / Macro | February Jobs Report — Macro Headwind for Tech | February nonfarm payrolls fell 92K (vs forecast +50-60K est); unemployment rose to 4.4% — fastest labour market cooling since 2014; rate-cut odds increased but recession fears elevated; Nasdaq volatile week — Intuit +25% (analyst upgrades); semiconductor sector sold off on macro + capex overhang; Amazon -5-8% initially on $200B capex; Microsoft shares under pressure throughout Feb | Macro uncertainty compounding AI trade anxiety; tech sector bifurcating — infrastructure winners (AVGO / MRVL / NVDA) vs software losers (IGV ETF -30%+ YTD); recession risk adds near-term noise to otherwise structural AI capex story | https://investingnews.com/top-tech-news/ | |
| 8 | Mar-08 | Amazon | 2026 Capex $200B — Ongoing Market Debate | $200B 2026 capex (50% above $131B in 2025) remains dominant narrative — above $150B Wall Street consensus; predominantly AWS; Trainium3 nearly fully committed by mid-2026; AWS Q4 revenue $35.6B (+24% YoY) — fastest growth in 13 quarters; backlog $244B (+40% YoY); Amazon Leo satellite: 180 satellites launched; commercial broadband launch 2026; $50B US government AI supercomputing deal announced Jan-26 | Market debating capex ROI timeline; free cash flow declined 71% YoY on 12-month trailing basis; AWS re-acceleration (+24%) is the bull case; $700B combined hyperscaler AI spend in 2026 now consensus — largest infrastructure investment cycle in corporate history | https://www.constellationr.com/insights/news/amazon-sees-200-billion-capex-ahead-aws-sales-surge-24 | |
| 9 | Mar-04 | Meta Platforms | XPU Validation via Broadcom Q1 Call | Broadcom Q1 call confirmed Meta MTIA (Meta Training and Inference Accelerator) shipping in record volumes alongside Google TPU7; Meta 2026 capex $115-135B; Llama 4 training on 100K+ H100-equivalent GPUs confirmed; Q4 2025 revenue $59.9B (+24%); Meta stock -28% since January Q4 earnings on capex overhang; P/E compressed to 17x FY26 — lowest in Mag 7 on capex-adjusted basis | Broadcom results validated Meta's custom silicon strategy; market continues to punish Meta for spending like an infrastructure company while monetising via advertising; AI ad efficiency (1M+ businesses using AI to create 15M ads) tracking ahead of internal targets — potential re-rating catalyst H2 2026 | https://markets.financialcontent.com/stocks/article/marketminute-2026-3-6-broadcom-shares-soar-as-ai-chip-revenue-jumps-74-ceo-signals-massive-infrastructure-expansion | |
| 10 | Mar-09 | OpenAI | Codex Security Agent Launch | OpenAI introduced Codex Security — an AI-powered security agent designed to autonomously find vulnerabilities in code | validate them and propose fixes; pushes OpenAI deeper into enterprise software workflows beyond chat interfaces; targets high-value security engineering automation; follows February Claude Code COBOL modernisation playbook (IBM -13% event) as second major agentic AI enterprise workflow disruption in 3 weeks | Continues SaaSpocalypse narrative — agentic AI now targeting cybersecurity software workflows (Palo Alto / CrowdStrike at risk of margin compression); further validates Infrastructure > Software thesis: enterprise software layer is being commoditised by AI agents running on the infrastructure layer IPE holds | https://techstartups.com/2026/03/09/top-tech-news-today-march-9-2026/ |
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.