The net return objective to the investor is 10.0% pa through capital growth over rolling five-year periods.
Material Price Sensitive Announcements December 1st to December 8th 2025
Global Top 50 Technology Companies | November 2025
File
| Rank | Date | Company | Ticker | Type | Announcement Summary | Impact | Source URL |
|---|---|---|---|---|---|---|---|
| 1 | 5/12/2025 | Netflix Inc. | NFLX | M&A - Acquisition | Netflix announced definitive agreement to acquire Warner Bros Discovery's studio and streaming assets (Warner Bros film/TV studios, HBO, HBO Max) in cash-stock deal valued at $27.75/share representing $72B equity value and $82.7B enterprise value. Deal includes $5.8B reverse breakup fee. Transaction combines Netflix's 300M+ subscribers with WBD's iconic IP including Harry Potter, DC Universe, HBO originals. Expected close 12-18 months after WBD spins off Discovery Global networks division in Q3 2026. NFLX shares down 3% on announcement, WBD up 6%. | High | https://ir.netflix.net/investor-news-and-events/financial-releases/press-release-details/2025/NETFLIX-TO-ACQUIRE-WARNER-BROS--FOLLOWING-THE-SEPARATION-OF-DISCOVERY-GLOBAL-FOR-A-TOTAL-ENTERPRISE-VALUE-OF-82-7-BILLION-Equity-Value-of-72-0-Billion/default.aspx |
| 2 | 2/12/2025 | Anthropic | N/A | M&A - First Acquisition | Anthropic completed first-ever acquisition buying Bun JavaScript runtime for undisclosed amount. Claude Code reached $1B run-rate revenue milestone just 6 months after May 2025 public launch, demonstrating explosive growth in AI coding tools. Bun will remain open-source MIT-licensed. Customers include Netflix, Spotify, Salesforce, KPMG, L'Oreal. Acquisition strengthens Anthropic's enterprise AI developer tooling infrastructure. Company backed by Microsoft, NVIDIA, Amazon, Google. | High | https://www.anthropic.com/news/anthropic-acquires-bun-as-claude-code-reaches-usd1b-milestone |
| 3 | 1/12/2025 | NVIDIA Corporation | NVDA | Strategic Investment | NVIDIA announced $2B strategic investment in Synopsys at $414.79/share, expanding multiyear collaboration spanning NVIDIA CUDA accelerated computing, agentic and physical AI, and Omniverse digital twins to revolutionize design and engineering from semiconductors to aerospace. Partnership aims to deliver simulation speed and scale unattainable through traditional CPU computing, opening new market opportunities. Synopsys shares jumped on announcement strengthening NVIDIA's position upstream in semiconductor design stack. | High | https://nvidianews.nvidia.com/news/nvidia-and-synopsys-announce-strategic-partnership-to-revolutionize-engineering-and-design |
| 4 | 2/12/2025 | NVIDIA & AWS | NVDA | Strategic Partnership | NVIDIA and Amazon Web Services announced major expansion of strategic collaboration at AWS re:Invent 2025 including new technology integrations across interconnect technology, cloud infrastructure, open models and physical AI. AWS to support NVIDIA's latest platforms. Partnership includes Graviton5 CPU launch, Amazon Nova model family expansion, Trainium3 UltraServers, Amazon Bedrock AgentCore for agentic applications, and reinforcement fine-tuning capabilities strengthening AWS-NVIDIA AI infrastructure leadership. | High | https://nvidianews.nvidia.com/news/latest |
| 5 | 4/12/2025 | Meta Platforms Inc. | META | Regulatory Risk | European Commission opened formal antitrust investigation into Meta's new WhatsApp AI policy examining whether policy unfairly restricts third-party AI providers and advantages Meta's own AI services. Probe could result in significant fines or operational restrictions. Investigation adds regulatory uncertainty as Meta pushes AI integration across platforms. Follows Meta's aggressive AI agent rollout across Facebook, Instagram, WhatsApp. | Medium | https://www.cnbc.com/ |
| 6 | 4/12/2025 | Microsoft Corporation | MSFT | Sales Guidance Adjustment | Microsoft adjusted sales targets lowering growth quotas for certain newer AI software offerings after encountering enterprise customer resistance on adoption and pricing. Signals potential headwinds in monetizing AI investments despite strong Azure growth. Comes amid Microsoft's $80B data center investment announcement and exclusive OpenAI partnership through 2030. Could impact near-term AI revenue expectations. | Medium | https://hipther.com/latest-news/2025/12/04/103754/ai-dispatch-daily-trends-and-innovations-december-4-2025-microsoft-aws-bedrock-meta-misraj-ai-amazon-nova/0/ |
| 7 | 1/12/2025 | Microsoft Corporation | MSFT | Product Launch - SMB | Microsoft launched new Microsoft 365 Copilot Business SKUs at $21/user/month for up to 300 users targeting small-medium business market. Includes three bundles (Business Basic + Copilot, Business Standard + Copilot, Business Premium + Copilot) with promotional discounts of 15-35% through March 31 2026. Enables AI-powered productivity for SMBs at accessible price point, expanding total addressable market beyond enterprise. Copilot Business delivers same AI features as enterprise SKU. | Medium | https://learn.microsoft.com/en-us/partner-center/announcements/2025-december |
| 8 | 2/12/2025 | Mistral AI & NVIDIA | N/A | Product Launch | Mistral AI launched Mistral 3 family of open-source multilingual multimodal models optimized across NVIDIA supercomputing and edge platforms. Mistral Large 3 uses mixture-of-experts (MoE) architecture. All models released under open Apache 2.0 license. Partnership demonstrates NVIDIA's ecosystem expansion strategy supporting diverse AI model developers beyond proprietary platforms. | Medium | https://nvidianews.nvidia.com/news/latest |
| 9 | 1/12/2025 | NVIDIA Corporation | NVDA | Product Launch - Autonomous Driving | NVIDIA unveiled Alpamayo-R1 (AR1), world's first industry-scale open reasoning vision language action (VLA) model for autonomous driving built on NVIDIA Cosmos Reason foundation. Model available on GitHub and Hugging Face with training/evaluation data in NVIDIA Physical AI Open Datasets. Released open-source AlpaSim framework for evaluation. Significant technical milestone advancing physical AI and autonomous vehicle development. | Medium | https://blogs.nvidia.com/blog/neurips-open-source-digital-physical-ai/ |
| 10 | 4/12/2025 | NVIDIA Corporation | NVDA | Dividend Declaration | NVIDIA declared quarterly cash dividend of $0.01/share payable December 26 2025 to shareholders of record December 4 2025. Follows Q3 FY2026 record results showing $57B revenue up 62% YoY, Data Center revenue $51.2B up 66% YoY, EPS $1.30. Q4 guidance $65B revenue. Blackwell sales described as 'off the charts' with cloud GPUs sold out demonstrating continued AI infrastructure demand. | Medium | https://investor.nvidia.com/news/press-release-details/2025/NVIDIA-Announces-Financial-Results-for-Third-Quarter-Fiscal-2026/default.aspx |
10
Total Announcements
$39B+
Total Deal Value
7
Top 50 Global Tech Companies
6
Days Period
Global Top 50 Technology Stocks December 2025
File
| Rank | Company | Ticker | Country | Market Cap (USD) | Sector | Key Business | Notable |
|---|---|---|---|---|---|---|---|
| 1 | Nvidia | NVDA | USA | $4.4T | Semiconductors | AI chips/GPUs for data centers and gaming | https://World's most valuable company Nov 2025 |
| 2 | Apple | AAPL | USA | $4.0T | Consumer Electronics | iPhone, Mac, iPad, Services | https://Second to reach $4T valuation |
| 3 | Microsoft | MSFT | USA | $3.7T | Software | Windows/Azure cloud/Office/Gaming | https://Largest software company |
| 4 | Alphabet (Google) | GOOGL/GOOG | USA | $3.8T | Internet Services | Search/YouTube/Cloud/Android | https://Approaching $4T on Gemini 3 success |
| 5 | Amazon | AMZN | USA | $2.4T | E-commerce/Cloud | Online retail/AWS cloud services | https://Leading cloud infrastructure provider |
| 6 | Meta Platforms | META | USA | $1.3T | Social Media | Facebook/Instagram/WhatsApp/VR | https://Leading social network platforms |
| 7 | Broadcom | AVGO | USA | $1.7T | Semiconductors | Custom AI chips/networking/software | https://Key Google TPU partner |
| 8 | Taiwan Semiconductor | TSM | Taiwan | $1.0T | Semiconductors | Chip manufacturing foundry | https://Makes chips for Nvidia/Apple/AMD |
| 9 | Tencent | 0700.HK | China | $730B | Internet Services | WeChat/Gaming/Social media | https://Largest Chinese tech company |
| 10 | Oracle | ORCL | USA | $330B | Enterprise Software | Database/Cloud/ERP software | https://Major cloud infrastructure player |
| 11 | Samsung Electronics | 005930.KS | South Korea | $320B | Consumer Electronics/Semi | Smartphones/Memory chips/Displays | https://Global electronics conglomerate |
| 12 | ASML | ASML | Netherlands | $300B | Semiconductor Equipment | Lithography machines for chipmaking | https://Critical EUV technology monopoly |
| 13 | SAP | SAP | Germany | $290B | Enterprise Software | ERP/Business software | https://Largest European software company |
| 14 | Salesforce | CRM | USA | $260B | Enterprise Software | CRM/Cloud applications | https://Leading CRM platform |
| 15 | Adobe | ADBE | USA | $240B | Software | Creative Cloud/Acrobat/Marketing | https://Design and marketing software leader |
| 16 | Cisco | CSCO | USA | $270B | Networking | Network equipment/Security | https://Enterprise networking leader |
| 17 | Accenture | ACN | USA | $240B | IT Services | Consulting/Technology services | https://Global professional services |
| 18 | IBM | IBM | USA | $265B | IT Services/Software | Cloud/AI/Consulting/Mainframes | https://Enterprise IT and consulting |
| 19 | Texas Instruments | TXN | USA | $195B | Semiconductors | Analog chips/Embedded processors | https://Industrial semiconductor leader |
| 20 | Qualcomm | QCOM | USA | $180B | Semiconductors | Mobile processors/5G/Licensing | https://Smartphone chip leader |
| 21 | Intel | INTC | USA | $125B | Semiconductors | PC/Server processors/Foundry | https://Traditional CPU leader facing challenges |
| 22 | AMD | AMD | USA | $225B | Semiconductors | PC/Server/AI processors | https://Nvidia's main GPU competitor |
| 23 | Micron Technology | MU | USA | $135B | Semiconductors | Memory chips (DRAM/NAND) | https://Leading memory manufacturer |
| 24 | Applied Materials | AMAT | USA | $150B | Semiconductor Equipment | Chip manufacturing equipment | https://Key semiconductor toolmaker |
| 25 | Lam Research | LRCX | USA | $125B | Semiconductor Equipment | Wafer fabrication equipment | https://Semiconductor manufacturing tools |
| 26 | Palantir | PLTR | USA | $400B | Software | Data analytics/AI platforms | https://Government and enterprise analytics |
| 27 | ServiceNow | NOW | USA | $210B | Software | IT service management/Workflow | https://Enterprise workflow automation |
| 28 | Intuit | INTU | USA | $220B | Software | TurboTax/QuickBooks/Credit Karma | https://Financial software for consumers/SMBs |
| 29 | Uber | UBER | USA | $195B | Transportation Tech | Ride-hailing/Food delivery | https://Leading mobility platform |
| 30 | Snowflake | SNOW | USA | $60B | Software | Cloud data warehouse | https://Modern data cloud platform |
| 31 | Dell Technologies | DELL | USA | $135B | Hardware/Services | PCs/Servers/Storage | https://Leading enterprise hardware provider |
| 32 | HP Inc | HPQ | USA | $45B | Hardware | PCs/Printers | https://Consumer and business PCs |
| 33 | Palo Alto Networks | PANW | USA | $135B | Cybersecurity | Network security/Cloud security | https://Cybersecurity leader |
| 34 | CrowdStrike | CRWD | USA | $125B | Cybersecurity | Endpoint security/Threat intelligence | https://Cloud-native security platform |
| 35 | Arista Networks | ANET | USA | $130B | Networking | Data center networking/Cloud | https://High-performance networking |
| 36 | Synopsys | SNPS | USA | $110B | Software | Electronic design automation | https://Chip design software |
| 37 | Cadence Design | CDNS | USA | $100B | Software | Electronic design automation | https://Chip design and verification |
| 38 | Workday | WDAY | USA | $75B | Software | HR/Financial management cloud | https://Cloud enterprise software |
| 39 | Autodesk | ADSK | USA | $75B | Software | CAD/3D design/Engineering | https://Design and engineering software |
| 40 | NetApp | NTAP | USA | $35B | Storage | Data storage/Cloud infrastructure | https://Enterprise storage solutions |
| 41 | Shopify | SHOP | Canada | $130B | E-commerce | E-commerce platform for merchants | https://Enabling small business e-commerce |
| 42 | Booking Holdings | BKNG | USA | $180B | Travel Tech | Online travel booking (Booking.com) | https://Leading online travel platform |
| 43 | Airbnb | ABNB | USA | $90B | Travel Tech | Vacation rental marketplace | https://Alternative accommodation platform |
| 44 | Zoom Video | ZM | USA | $25B | Software | Video conferencing/Communications | https://Video communications platform |
| 45 | DocuSign | DOCU | USA | $15B | Software | Electronic signature/Contract mgmt | https://Digital agreement platform |
| 46 | Datadog | DDOG | USA | $50B | Software | Cloud monitoring/Analytics | https://Infrastructure monitoring |
| 47 | Zscaler | ZS | USA | $45B | Cybersecurity | Cloud security/Zero trust | https://Cloud security platform |
| 48 | MongoDB | MDB | USA | $40B | Software | Database (NoSQL) | https://Modern database platform |
| 49 | Fortinet | FTNT | USA | $80B | Cybersecurity | Network security/Firewall | https://Integrated security platform |
| 50 | Marvell Technology | MRVL | USA | $95B | Semiconductors | Data infrastructure chips | https://Storage and networking semiconductors |
| Notes: | |||||||
| - Market caps are approximate as of December 1 2025 and fluctuate daily | |||||||
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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.