The net return objective to the investor is 10.0% pa through capital growth over rolling five-year periods.
Material Announcements January 19th to 26th 2026
Global Top 50 Technology Companies | January 2026
File
| Rank | Date | Company | Announcement Type | Key Details | Market Impact | Source URL | |
|---|---|---|---|---|---|---|---|
| 1 | Jan-15 | TSMC (TSM) | Earnings Report | Q4 net income NT$505.74B (+35% YoY); revenue $33.73B beat; Q1 2026 guided $34.6-35.8B; 2026 capex $52-56B vs $40.9B 2025; 2nm ramping | Record results validate AI spending sustainability; 30% revenue growth forecast for 2026; advanced chips 77% of revenue; stock +5.8% on week | https://pr.tsmc.com/english/news/3281 | |
| 2 | Jan-16 | Tech Infrastructure | Policy Announcement | Trump/governors direct PJM emergency auction; $15B+ new power plants; tech cos bid 15-yr contracts; address data center power demand | Unprecedented infrastructure commitment; forces hyperscalers to fund generation; utility stocks -3% to -10%; validates long-term AI build-out confidence | https://www.cnbc.com/2026/01/16/trump-wants-tech-companies-to-foot-the-bill-for-new-power-plants-because-of-ai.html | |
| 3 | Jan-15 | Nvidia (NVDA) | Forward Guidance | Rubin architecture 2026 launch confirmed; $500B+ Blackwell/Rubin orders through end-2026 (raised estimate); 800-volt infrastructure required; analysts project $350B FY2027 revenue | Extends AI super-cycle; data center upgrade wave; stock trading 25x forward earnings vs historical premium; growth accelerating Q2-Q4 FY26 | https://www.fool.com/investing/2026/01/05/3-bold-nvidia-predictions-for-2026/ | |
| 4 | Jan-15 | Boston Scientific (BSX) | M&A Transaction | Acquires Penumbra $14.5B ($374/share; 19.3% premium); 73% cash/27% stock; entry into mechanical thrombectomy & neurovascular; Penumbra $1.4B revenue (+17% 2025) | Largest medtech deal early 2026; consolidation signal; 6-8¢ EPS dilutive year 1 then accretive; expands cardiovascular portfolio into fast-growth segments | https://news.bostonscientific.com/2026-01-15-Boston-Scientific-announces-agreement-to-acquire-Penumbra | https://#NAME? |
| 5 | Jan-12 | OpenAI | M&A Transaction | Acquires Torch Health ~$60-100M; unified medical data platform; 4-person team ($25M per head valuation); powers ChatGPT Health launch; 40M daily health queries | Healthcare AI M&A battleground; HIPAA-compliant data aggregation competitive moat; follows Google/Anthropic health pushes; consumer health AI validation | https://www.cnbc.com/2026/01/12/open-ai-torch-health-care-technology.html | |
| 6 | Jan-13 | Magnificent 7 | Market Analysis | Mag 7 +0.5% YTD vs S&P 500 +1.8%; profit growth slowing to +18% in 2026 (vs +13% other 493); only Nvidia/Alphabet beat S&P in 2025; Tesla/Apple downtrends | Dominance cracking; AI ROI questions emerging; stock selection now critical vs basket approach; valuations compressing; market breadth improving | https://fortune.com/2026/01/11/magnificent-7-stock-market-dominance-cracking-nvidia-microsoft-apple-meta-alphabet-amazon-tesla/ | |
| 7 | Jan-21 | Meta (META) | Acquisition Scrutiny | Manus $2B+ acquisition facing customer defections; China regulatory probe; some enterprise clients citing data concerns; part of $100B+ 2026 AI capex plan | Enterprise trust challenges vs OpenAI/Anthropic; geopolitical AI M&A tensions; Stock -17% since October earnings on AI cost concerns; Q4 results Jan 27 | https://www.cnbc.com/2026/01/21/metas-2b-manus-deal-pushes-away-some-customers-sad-it-happened.html | |
| 8 | Jan-16 | Applied Materials (AMAT) | Product Revenue | High-bandwidth memory revenue $1.5B in FY2025; directly tied to Nvidia GPU roadmap; stock +8.56% on week; KLA +11.99% on TSMC tailwind | Semiconductor equipment suppliers benefiting from AI capex; picks-and-shovels play gaining momentum; memory architecture critical for AI performance | https://investingnews.com/top-tech-news/ | |
| 9 | Jan-10 | Amazon (AMZN) | Valuation Analysis | Path to $3T market cap in 2026 from $2.48T; AWS $33B Q3 revenue (+20%); Trainium2 chips deployed at scale; 2026 capex $125B vs $83B 2024; consensus $7.86 2026 EPS | Cloud infrastructure arms race; custom silicon competitive threat to Nvidia; need 9%+ earnings beat to reach $3T; AI infrastructure spending justification critical | https://www.fool.com/investing/2025/12/29/1-stock-nvidia-alphabet-microsoft-3-trillion-2026/ | |
| 10 | Jan-15 | Scale AI / Meta | Industry Disruption | Meta's $14.3B Scale AI investment (June 2025) causing ongoing ripples; OpenAI/Google cutting Scale ties; competitors seeing 3x demand surge; reshaping training data market | AI data vendor consolidation; $1B+ annual data budgets per frontier lab; neutrality premium emerging; potential antitrust implications for vertical integration | https://time.com/7294699/meta-scale-ai-data-industry/ |
10
Total Announcements
$39B+
Total Deal Value
7
Top 50 Global Tech Companies
6
Days Period
Global Top 50 Technology Stocks January 2026
File
| Rank | Company | Ticker | Country | Market Cap (USD) | Sector | Key Business | Notable |
|---|---|---|---|---|---|---|---|
| 1 | Nvidia | NVDA | USA | $4.6T | Semiconductors | AI chips/GPUs for data centers and gaming | https://First company to reach $5T (Oct 2025) |
| 2 | Apple | AAPL | USA | $4.0T+ | Consumer Electronics | iPhone, Mac, iPad, Services | https://Third company to reach $4T valuation |
| 3 | Microsoft | MSFT | USA | $4.0T+ | Software | Windows/Azure cloud/Office/Gaming | https://Second company to reach $4T valuation |
| 4 | Alphabet (Google) | GOOGL/GOOG | USA | $3.8T | Internet Services | Search/YouTube/Cloud/Android | https://AI momentum with Gemini driving growth |
| 5 | Amazon | AMZN | USA | $2.6T | E-commerce/Cloud | Online retail/AWS cloud services | https://Leading cloud infrastructure provider |
| 6 | Meta Platforms | META | USA | $1.5T | Social Media | Facebook/Instagram/WhatsApp/VR | https://Leading social network platforms |
| 7 | Broadcom | AVGO | USA | $1.65T | Semiconductors | Custom AI chips/networking/software | https://Key Google TPU partner; up 58% YoY |
| 8 | Taiwan Semiconductor | TSM | Taiwan | $1.0T | Semiconductors | Chip manufacturing foundry | https://Makes chips for Nvidia/Apple/AMD |
| 9 | Tencent | 0700.HK | China | $720B | Internet Services | WeChat/Gaming/Social media | https://Largest Chinese tech company |
| 10 | Oracle | ORCL | USA | $562B | Enterprise Software | Database/Cloud/ERP software | https://Stargate Project partner with OpenAI |
| 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 | Cisco | CSCO | USA | $270B | Networking | Network equipment/Security | https://Enterprise networking leader |
| 15 | IBM | IBM | USA | $265B | IT Services/Software | Cloud/AI/Consulting/Mainframes | https://Enterprise IT and consulting |
| 16 | Salesforce | CRM | USA | $260B | Enterprise Software | CRM/Cloud applications | https://Leading CRM platform |
| 17 | Adobe | ADBE | USA | $240B | Software | Creative Cloud/Acrobat/Marketing | https://Design and marketing software leader |
| 18 | Accenture | ACN | USA | $240B | IT Services | Consulting/Technology services | https://Global professional services |
| 19 | AMD | AMD | USA | $225B | Semiconductors | PC/Server/AI processors | https://Nvidia's main GPU competitor |
| 20 | Intuit | INTU | USA | $220B | Software | TurboTax/QuickBooks/Credit Karma | https://Financial software for consumers/SMBs |
| 21 | ServiceNow | NOW | USA | $210B | Software | IT service management/Workflow | https://Enterprise workflow automation |
| 22 | Texas Instruments | TXN | USA | $195B | Semiconductors | Analog chips/Embedded processors | https://Industrial semiconductor leader |
| 23 | Uber | UBER | USA | $195B | Transportation Tech | Ride-hailing/Food delivery | https://Leading mobility platform |
| 24 | Booking Holdings | BKNG | USA | $180B | Travel Tech | Online travel booking (Booking.com) | https://Leading online travel platform |
| 25 | Qualcomm | QCOM | USA | $180B | Semiconductors | Mobile processors/5G/Licensing | https://Smartphone chip leader |
| 26 | Applied Materials | AMAT | USA | $150B | Semiconductor Equipment | Chip manufacturing equipment | https://Key semiconductor toolmaker |
| 27 | Micron Technology | MU | USA | $135B | Semiconductors | Memory chips (DRAM/NAND) | https://Leading memory manufacturer |
| 28 | Palo Alto Networks | PANW | USA | $135B | Cybersecurity | Network security/Cloud security | https://Cybersecurity leader |
| 29 | Dell Technologies | DELL | USA | $135B | Hardware/Services | PCs/Servers/Storage | https://Leading enterprise hardware provider |
| 30 | Shopify | SHOP | Canada | $130B | E-commerce | E-commerce platform for merchants | https://Enabling small business e-commerce |
| 31 | Arista Networks | ANET | USA | $130B | Networking | Data center networking/Cloud | https://High-performance networking |
| 32 | Lam Research | LRCX | USA | $125B | Semiconductor Equipment | Wafer fabrication equipment | https://Semiconductor manufacturing tools |
| 33 | CrowdStrike | CRWD | USA | $125B | Cybersecurity | Endpoint security/Threat intelligence | https://Cloud-native security platform |
| 34 | Intel | INTC | USA | $125B | Semiconductors | PC/Server processors/Foundry | https://Traditional CPU leader facing challenges |
| 35 | Palantir | PLTR | USA | $400B | Software | Data analytics/AI platforms | https://Government/enterprise analytics; up 140% in 2025 |
| 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 | Marvell Technology | MRVL | USA | $95B | Semiconductors | Data infrastructure chips | https://Storage and networking semiconductors |
| 39 | Airbnb | ABNB | USA | $90B | Travel Tech | Vacation rental marketplace | https://Alternative accommodation platform |
| 40 | Fortinet | FTNT | USA | $80B | Cybersecurity | Network security/Firewall | https://Integrated security platform |
| 41 | Autodesk | ADSK | USA | $75B | Software | CAD/3D design/Engineering | https://Design and engineering software |
| 42 | Workday | WDAY | USA | $75B | Software | HR/Financial management cloud | https://Cloud enterprise software |
| 43 | Snowflake | SNOW | USA | $60B | Software | Cloud data warehouse | https://Modern data cloud platform |
| 44 | Datadog | DDOG | USA | $50B | Software | Cloud monitoring/Analytics | https://Infrastructure monitoring |
| 45 | HP Inc | HPQ | USA | $45B | Hardware | PCs/Printers | https://Consumer and business PCs |
| 46 | Zscaler | ZS | USA | $45B | Cybersecurity | Cloud security/Zero trust | https://Cloud security platform |
| 47 | MongoDB | MDB | USA | $40B | Software | Database (NoSQL) | https://Modern database platform |
| 48 | NetApp | NTAP | USA | $35B | Storage | Data storage/Cloud infrastructure | https://Enterprise storage solutions |
| 49 | Zoom Video | ZM | USA | $25B | Software | Video conferencing/Communications | https://Video communications platform |
| 50 | DocuSign | DOCU | USA | $15B | Software | Electronic signature/Contract mgmt | https://Digital agreement platform |
| Notes: | |||||||
| - Market caps are approximate as of January 1-3 2026 and fluctuate daily | |||||||
| - Nvidia briefly reached $5T market cap in late October 2025 but currently trading at ~$4.6T | |||||||
| - Apple and Microsoft both crossed $4T threshold in October 2025 | |||||||
| - Major gainers in 2025: Palantir (+140%) | Broadcom (+58%) | Nvidia (+39%) | |||||
| - Oracle significantly strengthened position with Stargate Project partnership (OpenAI/SoftBank) | |||||||
| - Rankings reflect significant AI infrastructure investment theme continuing into 2026 |
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.