TechInvestment.com [Bunting Pty Ltd: ABN 64 096 255 668] is a long equity investor founded almost 25 years ago in March 2001. It invests in NASDAQ and NYSE listed technology companies.
The company's portfolio was created with AUD 100,000 invested in Apple (98%) and Google (2%) and reached AUD 35 million before the impact of Australia's and USA's governments' impacts on markets and currencies (eg via tariffs and international aggression). As at 9 Mar 2026 that portfolio was valued at USD 18.414 million = AUD 26.020 million [AUD:USD 0.707683].
Our focus is on advanced technologies, including:
A tensor processing unit (TPU) is a custom-developed, application-specific integrated circuit (ASIC) designed by Google specifically to accelerate tensor flow machine learning (ML) workloads. Unlike general-purpose CPUs or graphics-focused GPUs, tensor core GPUs are engineered for the high-volume matrix and tensor operations fundamental to neural networks. TPUs are available via Google Cloud. Nvidia TPU models include A100, H100, H200, B200 and B300 (where the codes are A: Ampere, H: Hopper, B: Blackwell).
In 2025 sovereign wealth and public pension fund investors poured USD132 billion, roughly half of their total investments for the year, into USA. Sovereign wealth funds managed USD 66 billion in AI and digitisation in 2025, according to the Global SWF Year in Review 2025: The Ideas, Power Shifts and Structures That Defined Sovereign Capital", 30 Dec 2025.
US economic, trade, political and international issues (especially USA's military actions in the Middle East in 2026) create a great deal of uncertainty (risk) in US investment. This also increases AUD:USD currency risk - which may represent an additional cost to our AUD-denominated portfolio.
Most of our strategic investments are in NASDAQ and NYSE in USA. This is because:
We also invest in data center infrastructure in USA and Australia.
Our portfolio includes six of the "Magnificent Seven" companies: Apple, Alphabet, Amazon, IBM, Meta, NVIDIA and Tesla (the recent exclusion being Microsoft).
Stocks we have in common with other high growth funds include:
The sum of market capitalisations of the 12 stocks in our portfolio at 31 Dec 2025 was about USD 22.805 trillion, about AUD 34.124 trillion.
The Composition of TechInvestment's Portfolio [As at 5 Mar 2026]
The portfolio's profit as reported by CMC to 6 Mar 2026 was 801.18%.
The Structure and Performance of TechInvestment's Portfolio [As at 6 Mar 2026]
| Ticker | Company | Weight | Mkt Cap | *Profit AUD |
**12 Month Growth |
News |
|---|---|---|---|---|---|---|
| AAPL | Apple, Inc | 66.42% | USD 3.82 tn | ▲ 2,106.48% | ▲ 14.24% | News |
| AMZN | Amazon.com, Inc | 5.80% | USD 2.29 tn | ▲ 979.90% | ▲ 9.74% | News |
| CEG | Constellation Energy | 0.18% | USD 116.92 bn | ▲ 17.17% | ▲ 59.73% | News |
| GOOG | Alphabet, Inc Class A | 4.15% | USD 3.70 tn | ▲ 1,246.04% | ▲ 82.36% | News |
| GOOGL | Alphabet, Inc Class C | 5.32% | USD 3.70 tn | ▲ 344.05% | ▲ 84.70% | News |
| META | Meta (Facebook) | 3.52% | USD 1.64 tn | ▲ 4,423.22% | ▲ 8.26% | News |
| NVDA | Nvidia | 1.88% | USD 4.44 tn | ▲ 31.44% | ▲ 70.73% | News |
| NXT.AX | NextDC | 0.01% | AUD 8.45 bn | 🔻 7.01% | 🔻 0.15% | News |
| PLTR | Palantir | 0.85% | USD 374.0 bn | ▲ 60.02% | ▲ 104.80% | News |
| QBTS | D-Wave Quantum | 9.88% | USD 7.04 bn | ▲ 330.02% | ▲ 311.23% | News |
| RGTI | Rigetti Computing | 1.86% | USD 5.85 bn | ▲ 39.14% | ▲ 122.50% | News |
| TSLA | Tesla | 0.13% | USD 1.25 tn | 🔻 11.12% | ▲ 79.46% | News |
*Profit = Profit since acquisition, as calculated and reported by CMC Markets
**12 Month = Price increase over the past 12 months, as calculated and reported by Google Finance.
✅ OpenAI is planning an IPO in Q4/2026, ahead of Anthropic's. More Anthropic's floated valuation is expected to be USD 350 billion. [Wall Street Journal: 29 Jan 2026]
✅ Amazon is building an AI datacenter on 1,200 acres in Northern Indiana. It will support 500,000 AWS Trainium 3 chips. It is expected to be completed by the end of 2025 and will create 1,100 new jobs.
AWS Indiana data center under construction, supported by a ✅ Constellation Energy power station.
✅ Amazon is planning to invest up to USD 50 billion in OpenAI [WSJ: 29 Jan 2026].
✅ Amazon is planning to raise USD 25 billion as Anthropic's valuation soars. Anthropic is considering going public through an IPO later in 2026 after a big capital raise. More Amazon's Anthropic's floated valuation is expected to be USD 350 billion. [New York Times]
It is reported that USA may, in the near term, face a political crisis as Congress proposes impeachment and removal of Donald Trump as President.
The most significant elections in 2026 (with potential impacts on economic or investment environments) are:
Quantum Computing
ChatGPT comment: "The strange part isn’t that quantum computing is hard. It’s that we ever expected it to be otherwise."
22 Jan 2026: 🇦🇺 Australia – 🇯🇵 Japan Quantum Computing Partnership launches on international stage. The agreement focuses on integrating quantum computing with supercomputing to accelerate scientific breakthroughs at the annual supercomputing conference in the region. Australia’s CSIRO, on behalf of the Pawsey Supercomputing Research Centre, has signed a Letter of Intent with Japan’s National Institute of Advanced Industrial Science and Technology (AIST) to strengthen scientific cooperation in quantum computing.
In 2024 IBM and PsiQuantum were awarded DARPA US2QC grants to develop a fully fault-tolerant quantum computer with logical qubits protected by quantum error correction (primarily surface-code-style schemes) for its Validation and Co-Design stage of the Underexplored Systems for Utility-Scale Quantum Computing (US2QC) program, one of two programs that make up DARPA’s larger Quantum Benchmarking Initiative (QBI). The goal of the QBI is to see if an industrially useful quantum computer can be built by 2033.
Companies selected for Stage B include:
16 Jan 2026: Anthropic (Claude AI) to open an office in 🇦🇺 Australia
13 Jan 2026: ✅ Meta cuts 10% of employees in its Reality Labs (VR Metaverse) division
13 Jan 2026: ✅ Meta unveils 'Meta Compute' initiative to build AI infrastructure
13 Jan 2026: ✅ Meta pivots from Metaverse to AI devices such as RayBan Meta AI glasses.
12 Jan 2026: Bloomberg: ✅ Apple and ✅ Google confirm a multi-year deal for Gemini to run AI-powered Siri later in 2026.. Barron's reports that ✅ Google is now the top AI company as ✅ Alphabet stocks rise past USD 4 trillion.
10 Jan 2026: ✅ Meta signs multi-gigawatt nuclear deals to power AI
23 Jul 2025: 🇺🇸 White House AI Action Plan
Semiconductors
26 Jan 2026: ✅ Nvidia invests additional USD 2.8 billion in CoreWeave AI chip [AFR].
26 Jan 2026: Microsoft takes aim at ✅ Google, ✅ Amazon, and ✅ Nvidia with new Maia 200 AI chip [Yahoo Finance].
26 Jan 2026: Microsoft has announced the launch of its latest chip, the Maia 200, which the company describes as a silicon workhorse designed for scaling AI inference. The Maia 200, which follows the company’s Maia 100 released in 2023, has been technically outfitted to run powerful AI models at faster speeds and with more efficiency. Maia comes equipped with over 100 billion transistors, delivering over 10 petaflops in 4-bit precision and approximately 5 petaflops of 8-bit performance — a substantial increase over its predecessor.
Inference refers to the computing process of running a model, in contrast with the compute required to train it. As AI companies mature, inference costs have become an increasingly important part of their overall operating cost, leading to renewed interest in ways to optimize the process.[TechCrunch 26 Jan 2026]
16 Jan 2026: Hardware firms hit by rising memory chip costs. [Bloomberg]
15 Jan 2026: TSMC, the world's largest contract chipmaker, posted a Q4/2025 record profit: up 35% to USD 16.01 billion [Reuters] TSMC Forecast Lifts Peers on Robust AI Demand [Bloomberg]
8 Jan 2026: US Commerce Department approves ✅ Nvidia H200 AI chip sales to China.
8 Jan 2026: China plans to approve some imports of ✅ Nvidia’s H200 chips as soon as this quarter. [Bloomberg] "This move represents a major win for Nvidia. China is the world’s largest market for semiconductors, and Chief Executive Officer Jensen Huang has said that the AI chip segment alone could generate USD 50 billion in the coming years." About the Nvidia H200 chip.
14 Jan 2026: Washington permits ✅ Nvidia to sell its H200 chip to China.
Energy
16 Jan 2026: President Trump and the governors of several US Northeastern states agreed to push for an emergency wholesale electricity auction that would compel technology companies to effectively fund new power plants [Bloomberg].
Techinvestment.com is an investor in ✅ Constellation Energy (CEG), which has 55 gigawatts of capacity from nuclear, natural gas, geothermal, hydro, wind and solar facilities. Constellation partners with Calpine LLC, America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. The fleet of 79 energy facilities in operation represents over 27,000 megawatts of generation capacity.
Data Centers
2 Feb 2026: More than USD 3 trillion is expected to be spent building the data centers needed for the AI boom, and much of the funding is coming from debt markets [Bloomberg].
FX: AUD:USD
Investment in US listed companies involves investment in assets denominated in USD. The AUD/USD currency exchange rate is therefore of short and long term interest.
US political uncertainty/chaos and policies (eg tariff uncertainty) also have an impact on valuation of stocks, so we're interested in the very unstable performance of US politics and politicians, especially when the chickens come home to roost.
