1 month ago
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Soumya Eswaran
Tue, July 28, 2026 astatine 9:01 AM CDT 3 min read
Columbia Threadneedle Investments, an concern absorption company, released its "Columbia Seligman Global Technology Fund" 2nd 4th 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. During the quarter, the Fund's Institutional Class shares returned 50.34%, outperforming the MSCI World Information Technology Index's 33.65% gain. Stock enactment successful semiconductors, exertion hardware and software, unneurotic with an off-benchmark electrical instrumentality allocation, supported comparative performance, portion vulnerability to financials, user discretionary and healthcare detracted. Technology stocks rallied arsenic concerns implicit the Iran struggle eased and AI infrastructure spending boosted request for semiconductors, memory, networking, servers and powerfulness solutions. The Fund expects AI and data-centre concern to stay strong, supported by broadening net maturation and improving bundle bookings, unreality depletion and lawsuit spending. However, geopolitical uncertainty, higher involvement rates and dense AI concern could unit valuations and escaped currency flow. The strategy holds 50–75 exertion companies crossed marketplace capitalisations and uses bottom-up GARP probe to place misunderstood and undervalued businesses successful the exertion industry. In addition, delight cheque the Fund's apical 5 holdings to cognize its champion picks successful 2026.
In its second-quarter 2026 capitalist letter, Columbia Seligman Global Technology Fund highlighted Bloom Energy Corporation (NYSE:BE) arsenic a starring contributor. Bloom Energy Corporation (NYSE:BE) is an vigor institution that designs and manufactures solid-oxide substance compartment systems for clean, reliable, on-site powerfulness generation. On July 27, 2026, Bloom Energy Corporation (NYSE:BE) closed astatine $188.18 per share. One-month instrumentality of Bloom Energy Corporation (NYSE:BE) was -37.83% and its shares gained 441.53% implicit the past 52 weeks. Bloom Energy Corporation (NYSE:BE) has a marketplace capitalization of $53.53 billion.
Columbia Seligman Global Technology Fund stated the following regarding Bloom Energy Corporation (NYSE:BE) in its Q2 2026 capitalist letter:
"The money continued to clasp an off-benchmark presumption successful Bloom Energy Corporation (NYSE:BE). The institution manufactures and markets solid-oxide substance cells that nutrient energy and tin supply an alternate root of vigor compared to accepted supply. Data-center operators person progressively turned to Bloom's solid-oxide substance cells to bypass grid constraints and powerfulness energy-intensive AI workloads. The optimism astir Bloom continued during the quarter, with expectations that accelerating AI data-center construction would thrust request for reliable, onsite power-generation solutions, peculiarly arsenic utilities struggled to supply capable grid capableness successful galore regions. The banal also benefited from increasing recognition of Bloom's fuel-cell exertion arsenic a imaginable span solution for powering AI infrastructure, supporting expectations for stronger bookings and semipermanent revenue."
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