LongTSMJun 2026
Taiwan Semiconductor Manufacturing Company
Taiwan Semiconductor remains a bottleneck in leading-edge semiconductor manufacturing and a scaled production partner for advanced AI chips. First-quarter gross margin exceeded…
Sands Capital Management, LLC - Technology Innovators
Concentrated global growth strategy investing in innovative businesses that facilitate or benefit from powerful secular shifts enabled by technology.$278M AUM16 published ideas
Technology Innovators uses Sands Capital's growth framework to seek leading technology-enabled businesses around the world. At June 30, 2026 the strategy held 33 businesses and reported an expected holding period of 5+ years.
Ideas from Sands Capital Management, LLC - Technology Innovators
LongNVDAJun 2026
NVIDIA
NVIDIA continues to benefit from robust accelerated-computing demand, with first-quarter revenue up 85 percent and earnings per share up 131 percent. AI adoption is broadening…
LongSTXJun 2026
Seagate Technology
Seagate is benefiting from improving supply-demand conditions in mass-capacity storage. AI workloads require more data retention and retrieval, increasing storage demand while…
LongPANWJun 2026
Palo Alto Networks
Palo Alto Networks is positioned to benefit as rapid AI adoption expands enterprise attack surfaces and increases the sophistication of cyber threats. Fiscal third-quarter…
LongNUJun 2026
Nu Holdings
Nu Holdings operates a digital financial-services platform serving more than 100 million customers in Latin America. Higher-than-expected provisions raised concerns about…
Long000660Jun 2026
SK hynix
SK hynix is benefiting as the memory shortage broadens from high-bandwidth memory into conventional DRAM and NAND. AI inference and agentic workloads are increasing demand while…
LongKVYOJun 2026
Klaviyo
Klaviyo delivered a headline beat and raise, but investors focused on a smaller revenue beat and slightly lower second-quarter margin guidance. Sands views the selloff as…
LongPLTRJun 2026
Palantir Technologies
Palantir reported accelerating revenue growth, a record guidance increase, and improving profitability, yet its shares declined because expectations were elevated. Sands believes…
LongIOTJun 2026
Samsara
Samsara continues to grow revenue at roughly 30 percent while delivering meaningful margin leverage. Its connected hardware and software generate proprietary operational data…
LongAMDJun 2026
Advanced Micro Devices
AMD was initiated to increase exposure to rising CPU demand from agentic AI. CPUs are increasingly important for scheduling, memory management, tool execution, and orchestration…
LongARMJun 2026
Arm Holdings
Arm was added to capture a potential inflection in CPU demand driven by agentic AI. Agentic workloads rely on CPUs for scheduling, memory management, tool execution, and…
LongINTCJun 2026
Intel
Intel was initiated for exposure to server CPU demand and potential foundry optionality. Agentic AI increases the need for CPUs to coordinate and manage accelerated-compute…
LongCBRSJun 2026
Cerebras Systems
Cerebras was added for exposure to the emerging market for low-latency AI inference. Its wafer-scale architecture integrates memory directly onto the compute fabric, reducing…
LongSNDKJun 2026
SanDisk
SanDisk was initiated to benefit from rising memory and storage requirements created by agentic AI. More capable systems need to access, process, and retain larger amounts of…
LongTTMIJun 2026
TTM Technologies
TTM Technologies was added as an enabling infrastructure business at the intersection of AI data centers and defense modernization. Sands sees increasingly complex printed…
LongSPCXJun 2026
Space Exploration Technologies
SpaceX was initiated as exposure to launch economics and satellite connectivity. Reusable rockets can reduce launch costs and increase frequency, while Starlink expands the…
Letters covered
- Technology Innovators Quarterly ReportJune 30, 2026
Source PDFs are not republished here; only extracted ideas and quotes.