The net return objective to the investor is 10.0% pa through capital growth over rolling five-year periods.
Material Announcements June 22nd to 29th 2026
Global Top 50 Technology Companies | June 2026
File
| Rank | Date | Company | Ticker | Announcement_Type | Summary | IPE_Relevance | Market_Impact | Source_URL |
|---|---|---|---|---|---|---|---|---|
| 1 | Jun-24 | Micron Technology | MU | Earnings | Record Q3: revenue $41.5B vs $35.8B est, EPS $25.11 vs $20.39 est; Anthropic supply deal | Memory is the AI infra bottleneck; DRAM/NAND scarcity confirms Infra>Software view | Stock +14.6% after hours; chip stocks broadly higher; FY27 outlook raised to $49-51B | https://www.cnbc.com/2026/06/24/micron-mu-earnings-report-q3-2026.html |
| 2 | Jun-26 | Oracle | ORCL | Market Dynamics | Shares post worst week since 2001 dot-com bust on AI financing, debt-funded capex concerns | Tests Infra>Software thesis: capex-heavy AI infrastructure carries real balance sheet risk | Multi-day decline; OpenAI IPO delay rumour compounded selling pressure | https://www.cnbc.com/quotes/ORCL |
| 3 | Jun-26 | OpenAI / Oracle / SoftBank | ORCL | Capital Markets | Reports OpenAI may push back its IPO to 2027, pressuring SoftBank and Oracle shares | Highlights AI financing chain fragility; Oracle backlog rests on OpenAI capacity demand | Oracle and SoftBank-linked names fell on the report | https://www.tipranks.com |
| 4 | Jun-22 | SK Hynix | 000660.KS | Market Cap Milestone | Overtook Samsung as Korea's most valuable listed company, ending Samsung's 26-year reign | HBM dominance (61% global share) confirms memory as critical AI infrastructure layer | Shares +5.6%; market cap ~$1.35T; stock up 340%+ YTD 2026 | https://www.indiasnews.net/news/279140367 |
| 5 | Jun-23 | Global Tech / Semis | SOXX | Market Dynamics | Korea Kospi -10%, Samsung and SK Hynix both -12%+; European chip stocks STMicro, ASMI -7%+ | Sharp single-day de-rating shows AI infrastructure trade is crowded and rate-sensitive | Broad global tech selloff; Wedbush calls it a 'gut check' in AI trade's 3rd inning | https://www.cnbc.com/2026/06/23/tech-stocks-sell-off-mag7-samsung-sk-hynix.html |
| 6 | Jun-25 | Apple / Microsoft | AAPL/MSFT | Pricing Action | Apple raises iPhone prices; Microsoft raises Xbox prices; Mag7 fell on the news | Pricing power test for hardware incumbents amid tariff and input cost pressure | Nasdaq posted fifth straight losing session; Dan Ives called timing 'the right time' | https://www.thestreet.com/stock-market-today |
| 7 | Jun-23 | Apple / Tesla / Tata Electronics | AAPL/TSLA | Cybersecurity | Ransomware group World Leaks breached Tata Electronics, leaking 630GB of Apple/Tesla data | Supply chain cyber risk for hardware names; Tata is a key Apple production partner | Limited immediate share price reaction; production impact unclear | https://gulfnews.com/technology/apple-tesla-trade-secrets-leaked |
| 8 | Jun-25 | Tesla | TSLA | Analyst Action | Barclays expects Tesla Q2 deliveries to beat estimates, remains cautious on stock overall | Delivery beat vs structural caution reflects tension in auto-to-EV-software pivot | Mixed signal; GLJ Research reiterated Sell with $24.86 target same week | https://finance.yahoo.com/quote/TSLA |
| 9 | Jun-26 | Michael Burry / NVDA, PLTR, ORCL | NVDA/PLTR/ORCL | Positioning | Burry doubled AI short positions (NVDA puts, PLTR dual-strike shorts, ORCL, SOXX, QQQ) | High-profile bear case directly targets Infra>Software thesis' largest names | ~9.5% of Burry's short book now in these names; sentiment risk indicator | https://www.tradingkey.com/analysis/stocks/us-stocks/261877483 |
| 10 | Jun-25 | Palantir / NVIDIA | PLTR/NVDA | Partnership | Palantir and NVIDIA launch Sovereign AI Operating System reference architecture (Nemotron) | Enterprise/government AI agent infrastructure; reinforces Infra>Software positioning | Comes as PLTR trades near 52-week lows despite the partnership news | https://investors.palantir.com/news-details/2026 |
10
Total Announcements
$39B+
Total Deal Value
7
Top 50 Global Tech Companies
6
Days Period
Global Top 50 Technology Stocks June 2026
Global Top 50 Technology Companies
File
| Rank | Company | Ticker | Country | Jun Market Cap | May Market Cap | Month Change | Sector | IPE Sector Tag | Key Business | Notable | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Nvidia | NVDA | USA | $5.23T | $4.60T | +13.7% | Semiconductors | Infrastructure | AI chips/GPUs for data centers | RTX Spark PC superchip Jun 1; GTC Taipei keynote; still #1 globally ⭐ | |
| 2 | Alphabet (Google) | GOOGL | USA | $4.63T | $3.94T | +17.5% | Internet Services | Cloud/Hyperscale | Search/YouTube/Cloud/Android | Siri/Gemini partnership with Apple confirmed for WWDC; #2 globally ⭐ | |
| 3 | Apple | AAPL | USA | $4.53T | $3.84T | +18.0% | Consumer Electronics | Consumer Tech | iPhone/Mac/iPad/Services | WWDC Jun 8 keynote; iOS 27 + Gemini Siri; Tim Cook final keynote ⭐ | |
| 4 | Microsoft | MSFT | USA | $3.11T | $2.85T | +9.1% | Software | Cloud/Hyperscale | Windows/Azure/Office/Gaming | Build 2026 Jun 2-3: Work IQ, Web IQ, Azure HorizonDB agentic stack ⭐ | |
| 5 | Amazon | AMZN | USA | $2.87T | $2.58T | +11.2% | E-commerce/Cloud | Cloud/Hyperscale | Online retail/AWS cloud services | AWS Trainium deals intact; OpenAI Codex now on AWS Jun 2 ⭐ | |
| 6 | TSMC | TSM | Taiwan | $2.20T | $2.062T | +6.7% | Semiconductors | Infrastructure | Chip manufacturing foundry | Energy efficiency now #1 customer demand; packaging/photonics pivot ⭐ | |
| 7 | Meta Platforms | META | USA | $1.65T | $1.65T | ~Flat | Social Media | Consumer Tech | Facebook/Instagram/WhatsApp/AI | Layoffs 8K complete; China blocked Manus acquisition; capex $19.8B ⚠️ | |
| 8 | Broadcom | AVGO | USA | $1.32T | $1.56T | -15.4% | Semiconductors | Infrastructure | Custom AI chips/networking | Q2 FY26 record $22.2B +48%; AI $10.8B +143%; -14% on Q3 guide miss ⚠️ | |
| 9 | Tesla | TSLA | USA | $1.51T | $1.51T | ~Flat | Automotive/AI | Consumer Tech | Electric vehicles/Autonomous driving | Cybercab deliveries ongoing; Samsung AI6 chip deal for 2027 Taylor TX | |
| 10 | Samsung Electronics | 005930.KS | South Korea | $950B | $1.00T | -5.0% | Consumer Electronics/Semi | Infrastructure | Smartphones/Memory/HBM | TM Roh warns smartphone net loss 2026 risk; HBM4 supply intact ⚠️ | |
| 11 | Tencent | TCEHY | China | $580B | $576B | +0.7% | Internet Services | Consumer Tech | WeChat/Gaming/Social media | Stable; gaming cycle soft; China macro steady | |
| 12 | ASML | ASML | Netherlands | $555B | $545B | +1.8% | Semiconductor Equipment | Infrastructure | EUV lithography machines | EUV monopoly intact; AI fab cycle strong; efficiency shift benefits ⭐ | |
| 13 | SK Hynix | 000660.KS | South Korea | $465B | $460B | +1.1% | Semiconductors | Infrastructure | HBM/Memory chips for AI | HBM4 dominant; AI memory demand sustained; Q1 profits 5x YoY ⭐ | |
| 14 | Oracle | ORCL | USA | $490B | $455B | +7.7% | Enterprise Software | Cloud/Hyperscale | Database/Cloud/AI data centres | RPO $553B; cloud $18B→$144B by FY29; software rally beneficiary ⭐ | |
| 15 | Micron Technology | MU | USA | $445B | $440B | +1.1% | Semiconductors | Infrastructure | HBM/DRAM/NAND memory | HBM + AI memory demand intact; AVGO contagion mild impact | |
| 16 | Netflix | NFLX | USA | $430B | $422B | +1.9% | Streaming | Consumer Tech | Video streaming/Original content | Ad tier + live events growth; subscriber momentum continues | |
| 17 | Palantir | PLTR | USA | $395B | $359B | +10.0% | Software | AI Platforms | Data analytics/AI platforms | Q1: US rev +104% YoY; total +85%; FY26 guide raised to +71% ⭐ | |
| 18 | AMD | AMD | USA | $320B | $340B | -5.9% | Semiconductors | Infrastructure | PC/Server/AI processors | AVGO contagion -5%; RTX Spark competitive threat; MI455X ramp key ⚠️ | |
| 19 | Cisco | CSCO | USA | $320B | $318B | +0.6% | Networking | Infrastructure | Network equipment/Security | AI data centre networking demand sustained | |
| 20 | Alibaba | BABA | China | $310B | $309B | +0.3% | E-commerce/Cloud | Cloud/Hyperscale | Online retail/Cloud/Qwen AI | Qwen AI narrative; China macro steady; tariff dynamics watch | |
| 21 | Applied Materials | AMAT | USA | $275B | $272B | +1.1% | Semiconductor Equipment | Infrastructure | Chip manufacturing equipment | AI fab equipment demand accelerating; efficiency shift benefits | |
| 22 | Lam Research | LRCX | USA | $270B | $267B | +1.1% | Semiconductor Equipment | Infrastructure | Wafer fabrication equipment | Etch/deposition tools in demand; AI fab cycle strengthening | |
| 23 | IBM | IBM | USA | $252B | $248B | +1.6% | IT Services/Software | Infrastructure | Cloud/AI/Consulting/Mainframes | Mainframe AI inferencing intact; ISW/HCL partner; Palantir JV noted ⭐ | |
| 24 | SAP | SAP | Germany | $225B | $228B | -1.3% | Enterprise Software | Software/SaaS | ERP/Business software | Software rally partial lift; ERP AI disruption risk remains ⚠️ | |
| 25 | Intel | INTC | USA | $195B | $226B | -13.7% | Semiconductors | Infrastructure | PC/Server processors/Foundry | NVDA RTX Spark threat -13.5% week; x86 disruption narrative grows ⚠️ | |
| 26 | Salesforce | CRM | USA | $200B | $193B | +3.6% | Enterprise Software | Software/SaaS | CRM/Cloud applications | Software sector rally +35% from Apr lows; Agentforce narrative reset ⚠️ | |
| 27 | KLA | KLAC | USA | $188B | $186B | +1.1% | Semiconductor Equipment | Infrastructure | Process control/Inspection tools | Process control tools in demand as AI fabs scale | |
| 28 | Qualcomm | QCOM | USA | $130B | $152B | -14.5% | Semiconductors | Infrastructure | Mobile processors/5G/Licensing | NVDA PC entry threat -14% week; Snapdragon PC position challenged ⚠️ | |
| 29 | Texas Instruments | TXN | USA | $182B | $180B | +1.1% | Semiconductors | Infrastructure | Analog chips/Embedded processors | Industrial semi bottoming; dividend yield attracting value investors | |
| 30 | Shopify | SHOP | Canada | $178B | $175B | +1.7% | E-commerce | Consumer Tech | E-commerce platform for merchants | AI commerce tools developing; SMB platform thesis intact | |
| 31 | Arista Networks | ANET | USA | $175B | $172B | +1.7% | Networking | Infrastructure | Data center networking/Cloud | AI data centre switching demand sustained ⭐ | |
| 32 | AppLovin | APP | USA | $172B | $169B | +1.8% | Software | AI Platforms | Mobile advertising platform | Mobile ad AI platform outperforming SaaS peers; software rally ⭐ | |
| 33 | Schneider Electric | SU.PA | France | $170B | $166B | +2.4% | Industrial Tech | Industrial Tech | Energy management/Automation | Data centre power demand growing; efficiency shift thesis ⭐ | |
| 34 | Analog Devices | ADI | USA | $163B | $161B | +1.2% | Semiconductors | Infrastructure | Analog/Mixed-signal chips | Industrial + comms recovery; strong positioning | |
| 35 | Uber | UBER | USA | $160B | $158B | +1.3% | Transportation Tech | Consumer Tech | Ride-hailing/Food delivery | Autonomous vehicle uncertainty; Waymo competition; macro resilient | |
| 36 | Booking Holdings | BKNG | USA | $152B | $149B | +2.0% | Travel Tech | Consumer Tech | Online travel booking | Travel demand resilient; macro uncertainty; steady | |
| 37 | Marvell Technology | MRVL | USA | $148B | $120B | +23.3% | Semiconductors | Infrastructure | Custom AI silicon/Networking | NEW ENTRANT ⭐ +28.5% week; custom AI silicon gaining hyperscaler wins | |
| 38 | PDD Holdings | PDD | China | $143B | $142B | +0.7% | E-commerce | Consumer Tech | Chinese e-commerce/Temu | Temu global regulatory pressure; China e-comm steady | |
| 39 | Palo Alto Networks | PANW | USA | $140B | $133B | +5.3% | Cybersecurity | Software/SaaS | Network security/Cloud security | Cybersecurity spend resilient; software rally lift ⭐ | |
| 40 | Arm Holdings | ARM | UK | $152B | $129B | +17.8% | Semiconductors | Infrastructure | Chip architecture/IP licensing | NVDA RTX Spark uses ARM arch; +18% Jun 2; IP moat validated ⭐ | |
| 41 | ServiceNow | NOW | USA | $135B | $128B | +5.5% | Software | Software/SaaS | IT service mgmt/AI workflows | Data vision Jun 3; -7.6% on margin concern; software rally mixed ⚠️ | |
| 42 | Intuit | INTU | USA | $133B | $130B | +2.3% | Software | Software/SaaS | TurboTax/QuickBooks/Credit Karma | Software sector rally; AI tax tools threat narrative persists ⚠️ | |
| 43 | Sony | SONY | Japan | $128B | $127B | +0.8% | Consumer Electronics | Consumer Tech | PlayStation/Cameras/Entertainment | PS5 cycle mature; imaging sensors strong; entertainment steady | |
| 44 | Tokyo Electron | 8035.T | Japan | $125B | $123B | +1.6% | Semiconductor Equipment | Infrastructure | Coater/developer/etch tools | AI fab buildout beneficiary ⭐ | |
| 45 | Adobe | ADBE | USA | $123B | $120B | +2.5% | Software | Software/SaaS | Creative Cloud/Acrobat/Marketing | Software rally partial lift; AI Firefly disruption risk remains ⚠️ | |
| 46 | Advantest | 6857.T | Japan | $122B | $120B | +1.7% | Semiconductor Equipment | Infrastructure | AI chip test equipment | Critical AI infrastructure; chip test demand growing ⭐ | |
| 47 | Spotify | SPOT | Sweden | $118B | $114B | +3.5% | Streaming | Consumer Tech | Music streaming/Podcasts | Podcast monetisation + AI discovery steady | |
| 48 | Delta Electronics (TW) | 2308.TW | Taiwan | $113B | $111B | +1.8% | Industrial Tech | Industrial Tech | Data centre power components | AI power infrastructure; efficiency shift accelerates demand ⭐ | |
| 49 | CrowdStrike | CRWD | USA | $112B | $107B | +4.7% | Cybersecurity | Software/SaaS | Endpoint security/Threat intel | Cybersecurity demand resilient; software rally tailwind ⭐ | |
| 50 | Delta Electronics (TH) | DELTA.BK | Thailand | $104B | $102B | +2.0% | Industrial Tech | Industrial Tech | Data centre power infrastructure | AI power systems; data centre infrastructure beneficiary ⭐ |
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 | May → June 2026
NEW ENTRANTS – Stocks that entered the Top 50 in June 2026
| Rank | Company | Ticker | Jun Mkt Cap | May Mkt Cap | Change | Sector | Notes |
|---|---|---|---|---|---|---|---|
| 37 | Marvell Technology | MRVL | $148B | $120B | +23.3% | Semiconductors | Jumped into Top 50 on +28.5% week; custom AI silicon wins from hyperscalers; IPE Infrastructure ⭐ |
EXITS – Stocks that dropped out of the Top 50 in June 2026
| Rank | Company | Ticker | Jun Mkt Cap | May Mkt Cap | Change | Sector | Notes |
|---|---|---|---|---|---|---|---|
| 50 | Delta Electronics (TH) | DELTA.BK | $104B | $102B | +2.0% | Industrial Tech | Borderline; retained Jun 2026 but at risk – Marvell displaced it from #37; watch for July exit |
| – | Xiaomi | XIACF | ~$108B | $108B | ~Flat | Consumer Electronics | Displaced by Marvell; EV + AI devices narrative; China consumer macro headwind continues ⚠️ |
WATCHING – Names ranked ~51–60 knocking on the door
| Rank (est) | Company | Ticker | Est Mkt Cap | Prior | Change | Sector | Why Watching |
|---|---|---|---|---|---|---|---|
| ~51 | Dell Technologies | DELL | ~$100B | ~$95B | +5% | IT Infrastructure | AI server demand surge; PowerEdge AI rack sales; NVDA RTX Spark partnership named ⭐ |
| ~52 | Corning | GLW | ~$72B | ~$68B | +5.9% | Industrial Tech | Optical fibre for AI data centres; IPE Infrastructure thesis fit; worth tracking ⭐ |
| ~53 | Workday | WDAY | ~$68B | ~$62B | +9.7% | Enterprise Software | Software rally +35% from Apr lows; +double-digit week; SaaSpocalypse survivor ⚠️ |
| ~54 | Snowflake | SNOW | ~$58B | ~$52B | +11.5% | Enterprise Software | Data cloud + AI platform; software rally; SaaSpocalypse risk partially offset ⚠️ |
| ~55 | Datadog | DDOG | ~$50B | ~$47B | +6.4% | Cybersecurity/Observability | IPE Survivor; AI observability demand growing; monitoring AI infra layers ⭐ |
IPE - Top 20 Revenue Growth Q1 2026
From Global Top 150
File
| Rank | Company | Ticker | Q1 Revenue | Rev Growth % YoY | Market Cap | Country | Sector | Confirmed | Notes |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SK Hynix | 000660.KS | $35.5B | 198.00% | $460B | South Korea | Infrastructure | ✓ | Record quarter; KRW 52.58T revenue; HBM + server DRAM; 72% op margin; first KRW 50T+ quarter |
| 2 | Palantir | PLTR | $1.63B | 85.00% | $359B | USA | AI Platforms | ✓ | Beat $1.54B consensus; US rev +104%; Rule of 40 = 145%; FY26 guidance raised to 71% growth |
| 3 | Samsung Elec. | 005930.KS | $55B | 51.00% | $1.0T | South Korea | Infrastructure | ~ | Op profit +753% YoY; first HBM4 shipped to NVIDIA |
| 4 | Micron Technology | MU | $8.1B | 38.00% | $440B | USA | Infrastructure | ~ | HBM + AI memory demand; strong AI infra positioning |
| 5 | TSMC | TSM | $26.1B | 35.00% | $2.06T | Taiwan | Infrastructure | ~ | HPC = 61% of revenue; full-year +30% guided |
| 6 | Applied Materials | AMAT | $7.1B | 33.00% | $272B | USA | Infrastructure | ~ | AI fab equipment demand accelerating |
| 7 | Meta Platforms | META | $56.3B | 33.00% | $1.65T | USA | Cloud/Hyperscale | ✓ | Fastest growth since 2021; capex $19.8B; AI ad engine |
| 8 | Atlassian | TEAM | $1.79B | 32.00% | $28B | Australia | Software/SaaS | ✓ | EPS $1.75 vs $1.09 est; Rovo AI users grow ARR 2x |
| 9 | Lam Research | LRCX | $5.0B | 28.00% | $267B | USA | Infrastructure | ~ | Etch/deposition tools; AI fab cycle strengthening |
| 10 | Arista Networks | ANET | $2.1B | 25.00% | $172B | USA | Infrastructure | ~ | AI data centre switching; infrastructure beneficiary |
| 11 | CrowdStrike | CRWD | $1.1B | 22.00% | $107B | USA | Software/SaaS | ~ | Endpoint security; cloud security fundamentals intact |
| 12 | ServiceNow | NOW | $3.77B | 22.00% | $128B | USA | AI Platforms | ✓ | Now Assist AI target raised $1.5B; Armis acquisition |
| 13 | Alphabet | GOOGL | $109.9B | 22.00% | $3.94T | USA | Cloud/Hyperscale | ✓ | Google Cloud $20B +63%; $460B backlog; net income +81% |
| 14 | Cloudflare | NET | $570M | 21.00% | $40B | USA | Cloud/Hyperscale | ~ | Zero trust + edge network; AI traffic infrastructure |
| 15 | Microsoft | MSFT | $82.9B | 18.00% | $2.85T | USA | Cloud/Hyperscale | ✓ | Azure +40% YoY; EPS $4.27 beat; guidance raised |
| 16 | Amazon | AMZN | $181.5B | 17.00% | $2.58T | USA | Cloud/Hyperscale | ✓ | AWS $37.6B +28% 15-qtr high; capex $44B |
| 17 | Apple | AAPL | $111.2B | 17.00% | $3.84T | USA | Consumer Tech | ✓ | Services record $31B; Cook → Ternus CEO Sep 1 |
| 18 | KLA Corporation | KLAC | $3.5B | 15.00% | $186B | USA | Infrastructure | ~ | Process control tools; AI fab buildout beneficiary |
| 19 | IBM | IBM | $15.9B | 9.00% | $248B | USA | AI Platforms | ✓ | Software +double-digit; mainframe AI inferencing |
| 20 | Cisco Systems | CSCO | $14.0B | 8.00% | $318B | USA | Infrastructure | ~ | AI data centre networking; Splunk security revenue |
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.