{"id":8160,"date":"2025-08-07T10:26:21","date_gmt":"2025-08-07T08:26:21","guid":{"rendered":"https:\/\/finserve.se\/?p=8160"},"modified":"2025-08-07T10:26:21","modified_gmt":"2025-08-07T08:26:21","slug":"finserve-chelverton-global-technology-fund-juli-2025","status":"publish","type":"post","link":"https:\/\/finserve.se\/en\/finserve-chelverton-global-technology-fund-juli-2025\/","title":{"rendered":"Finserve Chelverton Global Technology Fund \u2013 July 2025"},"content":{"rendered":"<p class=\"wp-block-paragraph\">The second quarter earnings season began in July. We saw positive earnings updates from many of our portfolio companies, which contributed to the fund&#039;s positive performance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Perhaps more importantly, the positive comments from cloud companies on AI demand, and we saw significant increases\/upgrades in investment compared to estimates from Google, Meta, Microsoft and Amazon. Meta also commented that they expect the same growth rate in USD for investment in 2026, countering market concerns that 2026 would be an air pocket for investment growth. All hyperscalers are still constrained in terms of AI chips and cannot meet the still very high demand.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fund rose 6.3% in July (in Swedish kronor). Our top five contributors to the performance were AMD, Nvidia, Arista Networks, TSMC and Broadcom \u2013 all right after the investment increases we saw reported.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/factsheets.fundpeak.com\/Report\/4261F692BC92669B9A8DA79FD17E9F71E71876DF3F1B1C7C6927DEE7193E4F8A2690CB9039923539\" target=\"_blank\" rel=\"noopener\">Read more<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>I juli inleddes resultats\u00e4songen f\u00f6r andra kvartalet. Vi s\u00e5g positiva resultatuppdateringar fr\u00e5n m\u00e5nga av v\u00e5ra portf\u00f6ljbolag, vilket bidrog till fondens positiva utveckling. Kanske \u00e4nnu viktigare var de positiva kommentarerna fr\u00e5n molnf\u00f6retag kring efterfr\u00e5gan p\u00e5 AI, och vi s\u00e5g betydande \u00f6kningar\/uppgraderingar av investeringar j\u00e4mf\u00f6rt med uppskattningar fr\u00e5n Google, Meta, Microsoft och Amazon. Meta kommenterade ocks\u00e5 att [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":7352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"view_count":"3912","footnotes":""},"categories":[26],"tags":[],"class_list":["post-8160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-tech-fund"],"_links":{"self":[{"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/posts\/8160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/comments?post=8160"}],"version-history":[{"count":0,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/posts\/8160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/media\/7352"}],"wp:attachment":[{"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/media?parent=8160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/categories?post=8160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/tags?post=8160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}