TECHNOLOGY INVESTING - JUNE 2025
My Top 10 holdings.....
I’ve been a technologist for over 40 years. My investing bias is therefore based on what I know and have experienced. I don’t have a deep understanding of pharmaceuticals, retail, airlines, autos, or consumer goods. So I don’t invest in stuff I don’t really know. I’m also a long term investor. I don’t trade my stocks unless I’m trimming to take profits and fuel my vices. I’ve been averaging 25 % CAGR for over 10 years in my portfolio.
My porfolio and stock weightings are below.
Today, I’d like to tell you a bit about my positions . I’ll start off with the first 9, and will finish the rest, perhaps in a later post. As you can see I’m overwieghted in four stocks. No reasonable portfolio manger would be allowed to this, and so I’m unreasonable in the eyes of most money managers. To them, I say show me 25% CAGR for ten years.
NVDA — The most important company in the world today. Growth will continue and profits will accrue through 2026. My reasoning is this: The hyperscalers ( GOOG, MSFT, META, AWS and ORCL) show no signs of slowing investments, that is buying NVDA chips and software. Add to this “sovereign’ needs for AI (read Saudi Arabia, Emirates, Japan, and France, among others) and the good steamship NVDA will not slow through 2026. I’ll review my position in Mid-2026. Until then, enjoy the rise and the ride.
ANET — Arista Networks is the technical leader in networking software and hardware. Yes, better than Cisco , far more nimble and run by an absolute wizard, Jayshree Ullal, who always underpromises and then over delivers. You go girl. There may be some competition from NVIDIA, which also offers data center networking, but Arista will shine at least through 2025. Let’s review at the end of 2025.
AVGO — Broadcom is primarily a chip designer, but has a number of steady cash flow generating businesses such as VMware. It’s AI business is growing annually at 40% plus and is fueling the stock price. Led by Hock Tan, another genius operator, this stock is good until a review in Mid-2026. Leadership matters.
GOOG — Search is not dead, and Google is perhaps better than anyone at AI. Mine is a contrarion view as many think AI will take over Google search and therefore Google’s Ad derived profits. Others are concerned about antitrust issues. I’m not worried on either front. Any draconian court ruling will be fought in the courts for years. Moreover, Google AI rocks and YouTube is immense. A “sum of the parts” valution shows GOOG will continue to prosper. I’m holding though Deecmber 2026 at least.
AMZN — The mild mannered Andy Jassy is leading AMZN to new heights. AWS, especially, is printing money. AWS in only one of three larger hyperscalers, and demand for their infrastrucure continues unabated. Review in December 2026.
PANW - Palo Alto Networks is a cybersecurity king. Cybersecurity wil never die and AI is only making things more complicated . PANW is the best pure play in cybersecurity, with Crowdstrike not far behind. But I like PANW’s product portfolio better. (Did I mention I’ve been a cybersecurity practitioner for over 20 years?)
NOW — Service Now leads the world in IT Service Management (ITSM). Everything, and I mean everything, runs on computers and networks. Managing this Rube Goldberg information delivery apparatus is no simple feat. Enter Service Now which is showing the way for large and mid-sized companies to do more with far less. (Everyone likes savings, no?) . Review in December 2026.
MSFT — The steadiest, big tech horse in the world. Growth is not spectacular, expect only 10% to 15% growth for each of the next five years. But this is a Clydesdale among all the pretty horses — a workhorse delivering continuously solid returns.
LRCX — Lam Research is the best run Seminconductor Capital Equipment maker and an oligopolist in the markets it serves. Pricing and profits are stable and growing. Semiconductor plants (and demand for LRCX products) are not going away any time soon. Review in December 2026
Forget about orange madness and stop doom-scrolling. No one can predict when a nuke will hit Israel or Iran. Until then, or if China invades Taiwan, be well and invest wisely.
#investing #investments #NVDA #ANET #GOOG #AVGO #portfolio #PANW #NOW #LRCX