Chronological Analysis of Publications on Technology and its Financial Implications

The publications cover a period from June 2025 to April 2026, offering a forward-looking analysis of financial markets with a particular focus on the technology sector. Initially, the analysis concentrates on American exceptionalism and the performance of US assets, including technology, despite Donald Trump's return (Source 1). In August 2025, attention shifts to corporate performance and the adaptation of asset allocations, with a strengthening of US and Asian ETFs (Source 2). August also highlights Asia, particularly China, as a growth opportunity, especially in the field of AI (Source 3). The end of 2025 is marked by fears of stagflation, a scenario where growth slows and inflation rises, impacting financial strategy and prompting sectoral reallocations, notably a pivot from an AI theme to more defensive themes (Source 4). October 2025 identifies undervalued markets and sectoral opportunities, including European Tech (Source 5). The outlook for 2026 highlights an unstable world, but NVIDIA's publication reinforces conviction in the technology sector, despite a correction (Source 6). In November 2025, the analysis suggests that many good news items are already priced in, encouraging profit-taking and risk reduction, with a focus on defensive sectors (Source 7). December 2025 highlights the rebound of European indices but warns of the continent's structural fragilities, while recommending a selective approach, including European Tech (Source 8). The end of 2025 sees increased volatility due to AI and crypto bubbles, but gold and bonds play their role as safe havens, while US equities are deemed riskier (Source 9). 2026 begins with renewed confidence in global equity markets, driven by the AI super-cycle and geographical diversification, particularly in Asia (Source 10). "Mega-trends" for 2026 and beyond are identified, including the AI super-cycle, geopolitics and military, reshoring and infrastructure, as well as the low-carbon transition, all offering investment opportunities via ETFs (Source 11). February 2026 notes a return of risk aversion following Trump's actions and Japanese bond tensions, leading to a reduction in exposure to US equities and a strengthening in Defense and emerging market bonds (Source 12). March 2026 analyzes the impact of the war in Iran, which favors commodities and defense, while penalizing Asia and Europe (Source 13). Finally, April 2026 discusses the universe of PEA-eligible ETFs, identifying opportunities in European sovereignty and infrastructure, while highlighting the limits of a 100% PEA strategy (Source 14). AI is a recurring theme, perceived as a driver of growth and productivity throughout this period.