The net return objective to the investor is 10.0% pa through capital growth over rolling five-year periods.
Material Price Sensitive Announcements October 13th to 20th 2025
Global Top 50 Technology Companies | October 2025
File
| Rank | Date | Company | Ticker | Type | Announcement Summary | Impact | Source URL |
|---|---|---|---|---|---|---|---|
| 1 | October 13, 2025 | OpenAI / NVIDIA | Private / NVDA | Strategic Partnership | OpenAI and NVIDIA announced letter of intent for landmark strategic partnership to deploy at least 10 gigawatts of NVIDIA systems for OpenAI's next-generation AI infrastructure to train and run its next generation of models on the path to deploying superintelligence. | Massive AI infrastructure buildout representing billions in revenue for NVIDIA. First phase expected online in H2 2026 using Vera Rubin CPU/GPU platform. Demonstrates OpenAI's long-term commitment to NVIDIA's hardware ecosystem. NVDA shares trading near $182 with 58% YTD gains. | https://nvidianews.nvidia.com/news/openai-and-nvidia-announce-strategic-partnership-to-deploy-10gw-of-nvidia-systems |
| 2 | October 16, 2025 | Apple Inc. | AAPL | Product Launch | Apple announced M5 chip updates across MacBook Pro (14-inch base model), iPad Pro, and Vision Pro. M5 features 10-core CPU and GPU with Neural Accelerators, delivering up to 3.5x AI performance improvement. Base MacBook Pro now offers up to 2x faster SSD performance and configurable to 4TB storage. | Major product refresh positions Apple for holiday season and demonstrates continued Apple Silicon leadership. M5 chip enables significant AI performance gains across product line. Products available for pre-order with October 22 launch. Stock up 25.8% YTD. | https://www.macrumors.com/2025/10/15/apple-m5-chip-announcements/ |
| 3 | October 14, 2025 | Oracle / AMD | ORCL / AMD | Partnership Expansion | Oracle and AMD expanded partnership with Oracle becoming first hyperscaler to offer publicly available AI supercluster powered by 50,000 AMD Instinct MI450 Series GPUs starting calendar Q3 2026. Also announced general availability of OCI Compute with AMD Instinct MI355X GPUs in zettascale supercluster scaling to 131,072 GPUs. | Major validation of AMD's AI GPU roadmap against NVIDIA. Massive deployment represents billions in revenue for AMD starting 2026-2027. Oracle positioning for AI infrastructure leadership. Demonstrates hyperscaler diversification beyond NVIDIA. AMD gaining market share in AI accelerator market. | https://www.oracle.com/news/announcement/ai-world-oracle-and-amd-expand-partnership-to-help-customers-achieve-next-generation-ai-scale-2025-10-14/ |
| 4 | October 13, 2025 | NVIDIA / Meta / Oracle | NVDA | Product Announcement | NVIDIA announced Meta and Oracle will boost AI data center networks with NVIDIA Spectrum-X Ethernet networking switches. Spectrum-X opens new market for NVIDIA to bring large-scale AI to Ethernet-only data centers. | New revenue stream for NVIDIA in data center networking. Spectrum-X addresses critical bottleneck in AI infrastructure. Validates NVIDIA's full-stack approach beyond GPUs. Expands NVIDIA's addressable market in AI infrastructure. Strengthens relationships with major hyperscalers. | https://nvidianews.nvidia.com/news/latest |
| 5 | October 15, 2025 | ASML Holding | ASML | Earnings Report | ASML reported Q3 2025 results with ?7.5 billion total net sales and ?2.1 billion net income. Record earnings driven by extreme ultraviolet (EUV) lithography demand for advanced chip manufacturing at 3nm and below nodes. | Strong quarterly performance validates ASML's monopoly in advanced lithography equipment. Critical for AI chip production by NVIDIA, AMD, Apple, and others. Results demonstrate sustained AI-driven semiconductor demand. ASML shares rallied on earnings beat. Company maintains pricing power in EUV systems. | https://www.asml.com/en/news/press-releases |
| 6 | October 13, 2025 | NVIDIA | NVDA | Product Launch | NVIDIA announced it will start shipping NVIDIA DGX Spark, the world's smallest AI supercomputer delivering petaflop performance in desktop form factor. CEO Jensen Huang hand-delivered first unit to SpaceX Starbase in Texas. Also announced Newton Physics Engine now available in NVIDIA Isaac Lab. | Democratizes AI development by making supercomputer performance accessible to smaller organizations and edge deployments. Expands NVIDIA's market beyond hyperscale data centers. Strategic delivery to Elon Musk/SpaceX generates significant publicity. Opens new revenue category in compact AI systems. | https://nvidianews.nvidia.com/news/latest |
| 7 | October 14, 2025 | TSMC | TSM | Earnings Report (Implied) | TSMC reported record Q3 2025 earnings driven by 3nm and 5nm node demand from AI chip customers including NVIDIA, AMD, Apple, and Broadcom. Revenue up ~80% over 6 months. Company reaffirmed ~30% full-year 2025 revenue growth guidance. AI-related applications accounted for 60% of Q3 revenue. | TSMC's results validate sustained AI chip demand and production capacity expansion. Critical bottleneck for entire AI hardware ecosystem. Strong guidance supports continued tech sector momentum. Shares hit new all-time highs. Market cap approaching $1 trillion. Demonstrates Taiwan's critical role in global tech supply chain. | https://finance.yahoo.com/news/tsmc-becomes-ai-backbone-nvidia-121644469.html |
| 8 | October 14, 2025 | Microsoft / Nscale | MSFT | Partnership Announcement | Microsoft announced $14 billion partnership with Nscale to build AI data center in Texas. Part of broader $80 billion fiscal 2025 data center infrastructure investment to support Azure AI workloads and cloud computing expansion. | Massive capital deployment demonstrates Microsoft's commitment to AI infrastructure leadership. Addresses GPU capacity constraints for Azure customers. Positions Microsoft against AWS and Google Cloud in AI services race. Expected to drive Azure revenue growth which increased 39% in recent quarter. | https://investingnews.com/top-tech-news/ |
| 9 | October 16, 2025 | Artificial Intelligence Infrastructure Partnership (BlackRock/Microsoft/NVIDIA) | BLK / MSFT / NVDA | Acquisition | AIP consortium announced acquisition of Aligned Data Centers for $40 billion to expand AI and cloud capacity. Portfolio includes 50 campuses and over 5 gigawatts across Americas. Initial $30 billion equity deployment potentially scaling to $100 billion with debt. | First major AIP investment signals massive capital formation for AI infrastructure. Combines financial powerhouses with AI technology leader. Addresses critical data center capacity shortage. Demonstrates Wall Street's confidence in sustained AI demand. Could catalyze similar mega-deals in sector. | https://investingnews.com/top-tech-news/ |
| 10 | October 17, 2025 | Tesla | TSLA | Software Update | Tesla began global wide release of software update 2025.38 and subversions (2025.38.3.1, 2025.38.3.2, 2025.38.3.3) featuring FSD v14 improvements, new Arrival Options for Robotaxi-style AI drop-offs, and enhanced autonomous driving capabilities. | Demonstrates Tesla's continued FSD development momentum ahead of planned Robotaxi service public launch in September. Software improvements enhance autonomous capabilities across fleet. Supports Tesla's $1 trillion market cap recovery. Critical for achieving full self-driving and Robotaxi revenue targets. | https://www.teslaoracle.com/2025/10/17/tesla-update-2025-38-and-its-subversions-go-wide-release-globally-features-release-notes-fsd-compatibility/ |
10
Total Announcements
$39B+
Total Deal Value
7
Top 50 Global Tech Companies
6
Days Period
Global Top 50 Tech Companies October 2025
File
| Rank | Company Name | Ticker Symbol | Market Cap (USD) | Country | Sector | Description | Website URL |
|---|---|---|---|---|---|---|---|
| 1 | Nvidia Corporation | NVDA | $4.57T | United States | Semiconductors | Leading AI/GPU company designing chips for AI training and inference | https://www.nvidia.com |
| 2 | Apple Inc. | AAPL | $3.83T | United States | Consumer Electronics | Consumer electronics services iPhone iPad Mac | https://www.apple.com |
| 3 | Microsoft Corporation | MSFT | $3.80T | United States | Software | Software infrastructure cloud computing AI | https://www.microsoft.com |
| 4 | Alphabet Inc. | GOOGL | $2.98T | United States | Internet Services | Search engine cloud computing AI | https://www.alphabet.com |
| 5 | Amazon.com Inc. | AMZN | $2.34T | United States | E-commerce | E-commerce cloud computing AWS | https://www.amazon.com |
| 6 | Meta Platforms Inc. | META | $1.79T | United States | Social Media | Social media VR/AR metaverse | https://www.meta.com |
| 7 | Broadcom Inc. | AVGO | $1.60T | United States | Semiconductors | Semiconductor and infrastructure software | https://www.broadcom.com |
| 8 | Taiwan Semiconductor | TSM | $1.52T | Taiwan | Semiconductors | Global chip manufacturing foundry | https://www.tsmc.com |
| 9 | Tesla Inc. | TSLA | $1.43T | United States | Electric Vehicles | Electric vehicles energy storage | https://www.tesla.com |
| 10 | Oracle Corporation | ORCL | $816B | United States | Software | Database software cloud computing | https://www.oracle.com |
| 11 | Palantir Technologies | PLTR | $311.79B | United States | Software | Data analytics software | https://www.palantir.com |
| 12 | Cisco Systems | CSCO | $271.62B | United States | Networking | Communication equipment networking | https://www.cisco.com |
| 13 | IBM Corporation | IBM | $267.34B | United States | IT Services | Information technology services | https://www.ibm.com |
| 14 | Salesforce Inc. | CRM | $257.36B | United States | Software | Cloud-based CRM software | https://www.salesforce.com |
| 15 | Advanced Micro Devices | AMD | $223.61B | United States | Semiconductors | CPU and GPU semiconductors | https://www.amd.com |
| 16 | Intuit Inc. | INTU | $217.76B | United States | Software | Financial software TurboTax QuickBooks | https://www.intuit.com |
| 17 | ServiceNow Inc. | NOW | $209.17B | United States | Software | Enterprise software applications | https://www.servicenow.com |
| 18 | Texas Instruments | TXN | $195.86B | United States | Semiconductors | Analog and embedded semiconductors | https://www.ti.com |
| 19 | Uber Technologies | UBER | $195.80B | United States | Software | Ride-sharing platform mobility | https://www.uber.com |
| 20 | Qualcomm Inc. | QCOM | $178.23B | United States | Semiconductors | Mobile chips wireless technology | https://www.qualcomm.com |
| 21 | Adobe Inc. | ADBE | $160.90B | United States | Software | Creative software digital media | https://www.adobe.com |
| 22 | Applied Materials | AMAT | $152.48B | United States | Equipment | Semiconductor equipment materials | https://www.appliedmaterials.com |
| 23 | Micron Technology | MU | $136.86B | United States | Semiconductors | Memory chips data storage | https://www.micron.com |
| 24 | Palo Alto Networks | PANW | $134.57B | United States | Software | Cybersecurity network security | https://www.paloaltonetworks.com |
| 25 | Arista Networks | ANET | $128.76B | United States | Hardware | Computer networking hardware | https://www.arista.com |
| 26 | Lam Research | LRCX | $126.42B | United States | Equipment | Semiconductor equipment materials | https://www.lamresearch.com |
| 27 | CrowdStrike Holdings | CRWD | $123.65B | United States | Software | Cybersecurity endpoint protection | https://www.crowdstrike.com |
| 28 | Analog Devices | ADI | $121.92B | United States | Semiconductors | Analog and mixed-signal semiconductors | https://www.analog.com |
| 29 | ASML Holding | ASML | $300B+ | Netherlands | Equipment | Semiconductor lithography equipment | https://www.asml.com |
| 30 | Samsung Electronics | 005930.KS | $300B+ | South Korea | Electronics | Consumer electronics semiconductors | https://www.samsung.com |
| 31 | Tencent Holdings | TCEHY | $400B+ | China | Internet Services | Internet services gaming WeChat | https://www.tencent.com |
| 32 | Netflix Inc. | NFLX | $200B+ | United States | Media | Streaming entertainment services | https://www.netflix.com |
| 33 | PayPal Holdings | PYPL | $80B+ | United States | Fintech | Digital payments financial services | https://www.paypal.com |
| 34 | Intel Corporation | INTC | $200B+ | United States | Semiconductors | CPU semiconductors processors | https://www.intel.com |
| 35 | HP Inc. | HPQ | $40B+ | United States | Hardware | Computer hardware printers | https://www.hp.com |
| 36 | Dell Technologies | DELL | $80B+ | United States | Hardware | Computer hardware enterprise solutions | https://www.dell.com |
| 37 | Snowflake Inc. | SNOW | $50B+ | United States | Software | Cloud data platform analytics | https://www.snowflake.com |
| 38 | Datadog Inc. | DDOG | $40B+ | United States | Software | Monitoring and analytics platform | https://www.datadoghq.com |
| 39 | MongoDB Inc. | MDB | $25B+ | United States | Software | Database software NoSQL | https://www.mongodb.com |
| 40 | Zoom Video | ZM | $20B+ | United States | Software | Video conferencing communications | https://www.zoom.us |
| 41 | Shopify Inc. | SHOP | $80B+ | Canada | E-commerce | E-commerce platform solutions | https://www.shopify.com |
| 42 | Block Inc. | SQ | $50B+ | United States | Fintech | Digital payments Square Cash App | https://www.block.xyz |
| 43 | Workday Inc. | WDAY | $60B+ | United States | Software | Enterprise cloud applications HR | https://www.workday.com |
| 44 | Autodesk Inc. | ADSK | $50B+ | United States | Software | Design software CAD 3D modeling | https://www.autodesk.com |
| 45 | Okta Inc. | OKTA | $15B+ | United States | Software | Identity and access management | https://www.okta.com |
| 46 | Splunk Inc. | SPLK | $25B+ | United States | Software | Data analytics machine learning | https://www.splunk.com |
| 47 | HubSpot Inc. | HUBS | $30B+ | United States | Software | Marketing automation CRM | https://www.hubspot.com |
| 48 | Zscaler Inc. | ZS | $25B+ | United States | Software | Cloud security zero trust | https://www.zscaler.com |
| 49 | Fortinet Inc. | FTNT | $40B+ | United States | Software | Cybersecurity network security | https://www.fortinet.com |
| 50 | VMware Inc. | VMW | $50B+ | United States | Software | Virtualization cloud infrastructure | https://www.vmware.com |
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.