Travis Kelce told WWD that it's hard to find clothes in his 2XL size, but working with bigger-name designers has "definitely made things easier"
The NFL pro stars in Tommy Hilfiger's fall 2026 campaign
In an interview with Vogue, Kelce also gushed about his wife Taylor Swift's "effortless" style
Even when you're Travis Kelce, shopping isn't always easy.
In an interview with WWD, the Kansas City Chiefs tight end, 36, opened up about working with bigger designers as his career has progressed — and the challenges of finding clothes in his size.

#kelce #working #designers #interview

Ariana Madix, who had been hosting Love Island USA since 2024, has revealed that putting up stunning fashionable appearances requires a lot of behind-the-scenes work.
The Vanderpump Rules alum said that designers are hesitant to loan their outfits to reality TV.
According to People, Madix said that it is "difficult to convince" designers to lend their outfits for her wardrobe. Speaking on Marie Clair's Nice Talk podcast, Madix described that designers may not comply with her attempts to create a viral look for the show.
"It actually is difficult sometimes to convince fashion houses or designers that wearing the look will actually be a moment," Madix said in the Aug. 27 interview. She added, "I think there's some hesitation sometimes with fashion where they think, 'We don't want to loan a reality show,' and we have to say, 'Trust me, it's gonna look great, it's gonna go far."
Madix joined the television franchise in 2024 and has since then left no stone unturned to dish out spectacular looks. This, along with her signature slow entry walk, has made her a fan favorite. Despite the success, Madix still struggles to translate her fashionable vision into reality when her favorite designers do not cooperate.

#madix #Reality #fashionable #outfits

Emma Thynn, Marchioness of Bath, has built a public life that stretches far beyond her aristocratic ****** le. Born Emma Claire McQuiston, she became the Marchioness of Bath after marrying Ceawlin Thynn, the 8th Marquess of Bath. Raised around British high society, Emma developed interests in art, performance and culture from an early age. She later studied art history at University College London and trained in classical acting at the London Academy of Music and Dramatic Art before pursuing a different creative path.
Food eventually became one of her major passions. At Longleat, the historic estate ****** ociated with the Thynn family, Emma created her food and lifestyle project Emma's Kitchen. Her cooking content includes everything from pancakes to homemade dishes inspired by life at the estate. The project allows her to combine hospitality, family traditions and creativity, showing a more relaxed side of life that contrasts with the formal events and glamorous appearances often ****** ociated with aristocracy.
Emma is also involved in charitable work and has supported Tusk, an organization dedicated to wildlife conservation across Africa. Her public profile has allowed her to draw attention to conservation while balancing responsibilities connected with family, fashion and Longleat. That variety is a major part of her appeal. One day may involve cooking or supporting a charitable cause, while another can place her in front of photographers at an international event.
Fashion remains another important part of Emma's career. She has attended the Cannes Film Festival, worked with luxury jeweler Chopard and appeared in elaborate gowns and jewelry on major red carpets. Emma has also walked in fashion shows for designers including Dolce & Gabbana and Celia Kritharioti. Her relationship with fashion has extended into ambassador and editorial work, allowing her to experience the industry from more than one perspective. Whether attending a premiere or stepping onto a runway, she appears comfortable treating clothing as another form of creative expression.
From aristocratic events and conservation projects to cooking and international fashion, Emma Thynn has created a career that refuses to fit neatly into one category. Her life at Longleat provides a traditional backdrop, but her interests have taken her into food, publishing, modeling and philanthropy. Rather than relying solely on her ****** le, she has developed a public identity built around creativity and variety, making an ordinary day in the life of the Marchioness of Bath surprisingly difficult to define.

#bath #fashion #major

A shoe named after Dolly Parton simply had to be a stiletto — or at least have a high heel. It was no secret that Parton was a fan of sky-high footwear. Christian Louboutin took the country singer's preference for towering heels seriously, naming a family of pumps, mules and platform heels for his friend and longtime muse.
Parton passed away at the age of 80 on Aug. 25, 2026, following a battle with cancer. Not even a day later, Louboutin took to Instagram to mourn the loss, saying that he considered the "Jolene" singer to be "a true friend, a partner in sweet crimes and laughs and ALWAYS a complete inspiration." The Dolly family of Louboutin shoes has followed suit: there are the round-toe Dolly 85 pumps, the peep-toe Me Dolly mules and towering Dolly Alta platforms that are made for more than a "9 to 5" type of day.
More from WWD
Inside the FN Archive: Dolly Parton's Legendary Shoes and the Bespoke Designers Who Made Them
Céline Dion Delivers a Parisian-inspired Fall Look Starring Dramatic Alaïa Cutout Boots

#parton #louboutin #family

Sometimes the most memorable part of an outfit is hidden underneath. Designers have increasingly used contrasting linings to introduce unexpected flashes of color, transforming capes, coats, gowns and dramatic trains whenever they move. From Cate Blanchett to Anne Hathaway, several stars have demonstrated how a carefully chosen interior shade can turn an elegant red carpet look into something far more surprising.
Cate Blanchett delivered a memorable example at the 2024 Cannes Film Festival premiere of The Apprentice. Her custom Haider Ackermann for Jean Paul Gaultier strapless creation appeared predominantly black from the front, but revealed contrasting shades from other angles. A blush pink back and emerald green lining emerged as Blanchett lifted the train, giving the sophisticated design an unexpected injection of color.
Brie Larson used the same idea for superhero glamour at the London premiere of Captain Marvel. Her vivid blue Valentino gown featured an off the shoulder neckline, sculpted bodice and flowing cape. Hidden inside that cape was a shimmering gold lining, creating a dramatic metallic flash whenever the fabric moved. Nicole Kidman took a bolder approach at the New York premiere of Expats, where her sleek black Versace gown revealed a vivid lime green interior through its dramatic thigh high slit.
Helen Mirren offered a softer interpretation at the 2024 Golden Globes. Wearing Dolce & Gabbana, she paired an elegant lavender gown with a matching coat featuring voluminous sleeves. The coat's pink interior became visible as it opened, introducing another pastel shade while maintaining the sophistication of the overall look. Instead of competing with the lavender exterior, the contrasting lining gave the ensemble additional depth.
Anne Hathaway also embraced the technique with a playful maternity look at the Los Angeles premiere of The Last Thing He Wanted. Her custom Prabal Gurung ensemble centered on a blue satin high low top with a striking red interior. Paired with relaxed jeans and pointed red shoes, the contrasting colors framed her silhouette while bringing an unconventional energy to maternity dressing.

#contrasting #blanchett #look #cate

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The little black dress, or LBD as it's colloquially called, may be a well-established garment in fashion history, but designers are still finding new ways to reinvent the classic look.
Case in point: When Adria Arjona hit the red carpet for the Los Angeles premiere of her new slasher film, Onslaught, on Wednesday evening, the actor and model stole the show thanks to her sleek black dress from Calvin Klein Collection, which breathed new life into the design.
Adria Arjona walks the red carpet at the Los Angeles premiere of Onslaught.Axelle/Bauer-Griffin - Getty Images
Arjona's dress was pulled from the house's Fall/Winter 2026 line by Veronica Leoni. It was constructed with a satin-like fabric, in a wrap design that hugged Arjona's body. A seam ran down the front and created a slight slit at the bottom of the skirt, allowing one of the actor's pointy black pumps to peek through.

#angeles

The Duke and **** ss of Sussex reportedly arrived back in the UK on Wednesday, alongside their children Prince Archie and Princess Lilibet. According to BBC News, the family of four flew into Birmingham on a private plane from California.
From a fashion perspective, flying in style can be quite the task, particularly if it's a transcontinental journey. Comfort is always key when it comes to travel, but the royal family is often pictured by the world's press at airports, which may make them feel they need to look as resplendent as ever.
The royals always look pristine, even when travelling (@ Getty Images)
One of Meghan's best-loved airport moments came in 2018. Harry and Meghan touched down in Ireland that year, and the former Suits star appeared effortlessly striking as she disembarked from the jet in her travelling outfit, which consisted of an emerald green top and figure-hugging pencil skirt by one of her favourite designers, Givenchy.
The Duke and **** ss of Sussex were pictured at Dublin Airport in 2018 (@ Samir Hussein/WireImage)

#travelling

Broadcom (NASDAQ: AVGO) and Marvell Technology (NASDAQ: MRVL) are eerily similar companies. Both of them produce networking equipment for data centers, but they have also launched custom AI chip businesses with a few critical customers. Custom AI chips are likely to grow in popularity, as they can offer superior cost performance to traditional GPU-based training.
This primes both stocks to benefit as these units become more popular. But which one is the better buy? I think there's one metric that settles the debate.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
To date, most training and inference has been performed on graphics processing units (GPUs), mostly made by Nvidia (NASDAQ: NVDA). GPUs are incredible computing units, and are great for a wide variety of workloads. The amount of flexibility that Nvidia has designed into its computing unit is amazing, but if a GPU only sees one workload type during its whole service life, then this flexibility is wasted. GPUs are still necessary in the computing landscape, as there are several reasons why GPUs should still be utilized; however, custom AI chips could provide better performance in some areas.
Custom AI chips are known as ASICs, application-specific integrated circuits. ASICs are nothing new, but their application to AI is. By building a computing chip around a workload rather than the other way around, designers can optimize and make these products efficient and cost-effective. This leads to more computing power at a lower cost, often outperforming GPU-based computing.

#custom

From acting and music to memorable red carpet appearances, Sofia Carson has created a career that crosses several corners of entertainment. Born Sofia Daccarett Char in Florida to a Colombian American family, she adopted the professional surname Carson in honor of her maternal grandmother, Lauraine Carson. Her interest in performing appeared early, with dance lessons beginning when she was three. Music remained an important ambition as she grew up, but acting eventually provided the breakthrough that introduced her to audiences around the world.
Carson's screen career gained momentum through Disney Channel, including an appearance on Austin & Ally. Her major breakthrough arrived in 2015 when she played Evie, the daughter of the Evil Queen, in Descendants. The successful Disney musical fantasy gave Carson an opportunity to combine acting, singing and dancing, and she returned for its sequels. She later brought several of those skills together again in Purple Hearts, the 2022 Netflix romantic drama in which she starred and contributed to the music.
Her ambitions extend beyond entertainment. Carson has worked with UNICEF and has used her public platform to advocate for young people and humanitarian causes. She has described working with the organization as a longtime dream and emphasized the importance of young people using their voices to support meaningful change. For Carson, bringing artists, activists and advocates together can turn public attention into something more purposeful.
Fashion has become another defining part of Carson's public image. Her style can move from sophisticated tailoring and dramatic ballgowns to futuristic designs and relaxed off-duty outfits. That versatility has made her a familiar presence at major fashion events, where she has attended shows and developed relationships with prominent designers and luxury houses. Her red carpet choices often favor bold silhouettes while maintaining the polished aesthetic ****** ociated with her public persona.
Carson's career demonstrates how a modern entertainer can build an identity across multiple creative fields without being limited to one. Music, acting, advocacy and fashion have each become important parts of her story, while projects such as Descendants and Purple Hearts have allowed those talents to overlap. Whether appearing on screen, performing music, supporting humanitarian work or stepping onto a red carpet, Sofia Carson continues to shape a career built around creativity, versatility and a carefully defined sense of purpose.

#carpet

As Prince Harry and Meghan Markle prepare to take up residency again in the U.K. six years after giving up their royal roles, Markle will be serving up her fashion influence and continue running her brand, As Ever.

While millions around the globe are chiming in about what their surprise decision could mean to the modern monarchy, others speculated about how commercial prospects may have played into their decision to relocate with their two children Archie, 7, and Lillibet, 5. Much has happened since Princess Diana and King Charles III's younger son lost his honorary military and royal patronage appointments in 2021.

The prince spelled out his many grievances with his kin in his memoir "Spare," and the pair sounded off in an interview with Oprah Winfrey. Harry has also openly criticized his home country for not providing his family of four with security. As for how that will be handled in a few weeks upon their return, Prime Minister Andy Burnham described that as "a private matter."

Although King Charles III and Queen Camilla were reunited with Harry's two children earlier this month at the monarch's private country estate Highgrove House, Prince William and Catherine, Princess of Wales, were not there. The strained relations between Harry and his brother continue to be scrutinized on social media and in traditional media.

David Haigh, founder and chief executive officer of the independent brand evaluation consultancy firm Brand Finance, said, "My take is they clearly haven't succeeded in America like they thought they would."

Acknowledging how Harry and Markle each have critics and loyalists, Haigh said that Harry is "much more highly regarded in the U.K. than Markle is. And the dynamic will shift much more in his favor."

To that point, the latest YouGov public opinion poll of Harry gives him a 27 percent popularity ranking and Markle an 18 percent rating. But Markle has a track record for boosting designers' sales by wearing their label. She sported 16 Australian labels during a trip Down Under in April. That resulted in a total of $51.6 million in media impact value over a four-day stretch, according to Launchmetrics.

Carolina Herrera, Heidi Merrick, Dior, Valentino, Mackage, Emilia Wickstead, Victoria Beard, Reformation, Jason Wu and Anine Bing are among the many brands that 45-year-old Markle has rotated into her wardrobe. In addition to launching the lifestyle brand As Ever in the spring of last year, the former "Suits" actress and her husband were the executive producers for the documentary "Cookie Queens" about American Girl Scouts' cookie selling.
Meghan Markle at the Balenciaga spring 2026 show.
Last month, she earned an Emmy nomination for her Netflix lifestyle series "With Love, Meghan." In September 2020, the husband-and-wife team's Archewell Productions secured a multiyear deal with Netflix, which was reportedly in the $60 million to $100 million range.

With the couple maintaining their homes in Montecito,

Madison Investments, an investment advisor, released its second-quarter 2026 investor letter for the "Madison Large Cap Fund". A copy of the letter can be downloaded here. In the second quarter, U.S. stock market indices achieved their best performance since 2020, driven largely by a narrow group of Artificial Intelligence-related stocks. As in the pandemic's early days, investors are fixated on who will benefit from AI, reminiscent of the late 1990s internet bubble. Against this backdrop, The Madison Large Cap Fund (class I) returned 8.4% in the second quarter of 2026, compared to a 15.2% increase in the S&P 500 Index. The current market's extreme narrowness is concerning, and history suggests this won't persist. While AI is reshaping society and the economy, today's winners may not remain so, and booms could lead to busts. Additionally, factors such as a volatile federal administration, growing budget deficits, inflation, high interest rates, and strained consumer finances will significantly impact the economy and stock market in the future. Additionally, reviewing the Fund's top five holdings could help identify its best picks for 2026.
In its Q2 2026 investor letter, Madison Large Cap Fund highlighted Texas Instruments Incorporated (NASDAQ:TXN), a semiconductor manufacturer providing chips and solutions for electronics designers and manufacturers. Representing 6.39% of the portfolio, Texas Instruments Incorporated (NASDAQ:TXN) contributed to performance this quarter. On August 19, 2026, Texas Instruments Incorporated (NASDAQ:TXN) closed at $267.45 per share. The one-month return of Texas Instruments Incorporated (NASDAQ:TXN) was -6.30%, and its shares gained 33.05% over the past 52 weeks. Texas Instruments Incorporated (NASDAQ:TXN) has a market capitalization of $244.25 billion.
Madison Large Cap Fund stated the following regarding Texas Instruments Incorporated (NASDAQ:TXN) in its Q2 2026 investor letter:
"Texas Instruments Incorporated (NASDAQ:TXN), a global supplier of ******* og and embedded semiconductors, reported strong results and a good outlook due to the combination of strong end market conditions and accelerating demand for products used in datacenters."
Texas Instruments Incorporated (NASDAQ:TXN) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 71 hedge fund portfolios held Texas Instruments Incorporated (NASDAQ:TXN) at the end of the first quarter, up from 78 in the previous quarter. While we acknowledge the potential of Texas Instruments Incorporated (NASDAQ:TXN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#letter

Zendaya won't rock certain designers on the red carpet, and Law Roach is sharing why.
The celebrity stylist has spilled the tea on the reasons behind the former Nickelodeon child star's decision never to be seen at star-studded events in outfits from major fashion houses.
Zendaya's name rings on the lips of many for her iconic red carpet looks. The praise extends to Law Roach for his creativity and for being the brains behind her stunning outfits.
Sean Thomas/Courtesy of On/ MEGA
Roach previously disclosed that Zendaya will not be seen rocking outfits from designers like Dior, Chanel, Gucci, Valentino, and Saint Laurent at any red carpets. However, with the actress majorly stealing the spotlight at most events, is there a chance the stylist may change his mind anytime soon?

#seen

Cardi B has access to some of the most expensive designers in the world. However, the fashion item creating the biggest buzz around her right now is not a luxury handbag or a custom-made gown; it is a pair of Old Navy jeans that many shoppers can actually afford.
The rapper's latest fashion moment has turned everyday denim into a viral conversation after she became the face of Old Navy's "Most Wanted Denim" campaign, helping push the brand's jeans into the spotlight.
The unexpected part is not that Cardi B can make clothes popular. Her influence in music, beauty, and fashion has been proven for years.
The surprising part is the product itself.
Instead of promoting a designer item costing hundreds or thousands of dollars, Cardi helped create excitement around accessible denim, with some styles selling quickly after the campaign launch.

#fashion #navy

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Netflix, Inc. (NASDAQ:NFLX). Netflix, Inc. (NASDAQ:NFLX) is a leading subscription-based streaming entertainment platform. On August 7, 2026, Netflix, Inc. (NASDAQ:NFLX) closed at $74.14 per share. One-month return of Netflix, Inc. (NASDAQ:NFLX) was 0.42% and its shares lost 39.15% over the past 52 weeks. Netflix, Inc. (NASDAQ:NFLX) has a market capitalization of $308.71 billion.
Sands Capital Technology Innovators Fund stated the following regarding Netflix, Inc. (NASDAQ:NFLX) in its Q2 2026 investor letter:
"Netflix, Inc. (NASDAQ:NFLX) remains a uniquely scaled premium video platform, with meaningful advertising potential and subscription pricing power. However, we believe AI enabled short-form video could become an increasingly strong competitor for consumer engagement over time, creating greater uncertainty around Netflix's terminal value."
Netflix, Inc. (NASDAQ:NFLX) ranks 13 on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 144 hedge fund portfolios held Netflix, Inc. (NASDAQ:NFLX) at the end of the first quarter, compared to 146 in the previous quarter. While we acknowledge the potential of Netflix, Inc. (NASDAQ:NFLX) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#NASDAQ #fund #letter

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its Q2 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Arm Holdings plc (NASDAQ:ARM) as a new holding. Arm Holdings plc (NASDAQ:ARM) is a UK-based technology company that develops and licenses central processing unit designs and related technologies for semiconductor companies and original equipment manufacturers. On August 7, 2026, Arm Holdings plc (NASDAQ:ARM) closed at $282.57 per share. The one-month return of Arm Holdings plc (NASDAQ:ARM) was -10.03%, and its shares gained 90.72% over the past 52 weeks. Arm Holdings plc (NASDAQ:ARM) has a market capitalization of $301.78 billion.
Sands Capital Technology Innovators Fund stated the following regarding Arm Holdings plc (NASDAQ:ARM) in its Q2 2026 investor letter:
"Advanced Micro Devices, Arm Holdings plc (NASDAQ:ARM), and Intel increased the portfolio's exposure to rising CPU demand driven by agentic AI. While GPUs remain central to training and token generation, CPUs are increasingly important for scheduling, memory management, tool execution, and the orchestration of agentic workflows. As AI workloads evolve toward inference, agentic workflows, and more complex data center architectures, we believe the need to coordinate, feed, and manage accelerated compute could drive stronger CPU demand than investors previously expected. AMD and Arm provide exposure to supplier diversity, open standards, and more efficient compute architectures, while Intel adds exposure to server CPUs and potential foundry optionality as customers seek additional sources of advanced manufacturing supply. While execution risk remains meaningful, particularly for Intel, we b

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its Q2 2026 investor letter, Sands Capital Technology Innovators Fund highlighted **** e Exploration Technologies Corp. (NASDAQ:SPCX). **** e Exploration Technologies Corp. (NASDAQ:SPCX) is a US-based aerospace company specializing in advanced rockets and **** ecraft. The one-month return of **** e Exploration Technologies Corp. (NASDAQ:SPCX) was -2.40%. On August 7, 2026, **** e Exploration Technologies Corp. (NASDAQ:SPCX) closed at $133.11 per share, reflecting a market capitalization of $1.77 trillion.
Sands Capital Technology Innovators Fund stated the following regarding **** e Exploration Technologies Corp. (NASDAQ:SPCX) in its Q2 2026 investor letter:
"Exploration Technologies Corp. (NASDAQ:SPCX) (SpaceX) was added as a more idiosyncratic growth opportunity. The company provides foundational infrastructure for the emerging **** e economy through its reusable launch technology and Starlink broadband network. Reusability has lowered launch costs, increased launch frequency, and strengthened **** eX's leadership in global mass to-orbit. We believe this position could widen further as Starship scales, while Starlink expands the opportunity into enterprise connectivity, government communications, and direct-to-device services. We initiated the position at a modest weight, recognizing the potential volatility **** ociated with limited float, retail activity, and technical buying pressure."

#technologies #NASDAQ #technology

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Intel Corporation (NASDAQ:INTC) as anew holding. Intel Corporation (NASDAQ:INTC) designs, develops, manufactures, markets, sells, and services computing and related end products and services. On August 7, 2026, Intel Corporation (NASDAQ:INTC) closed at $101.65 per share. One-month return of Intel Corporation (NASDAQ:INTC) was -1.43% and its shares gained 392.25% over the past 52 weeks. Intel Corporation (NASDAQ:INTC) has a market capitalization of $512.72 billion.
Sands Capital Technology Innovators Fund stated the following regarding Intel Corporation (NASDAQ:INTC) in its Q2 2026 investor letter:
"Advanced Micro Devices, Arm Holdings, and Intel Corporation (NASDAQ:INTC) increased the portfolio's exposure to rising CPU demand driven by agentic AI. While GPUs remain central to training and token generation, CPUs are increasingly important for scheduling, memory management, tool execution, and the orchestration of agentic workflows. As AI workloads evolve toward inference, agentic workflows, and more complex data center architectures, we believe the need to coordinate, feed, and manage accelerated compute could drive stronger CPU demand than investors previously expected. AMD and Arm provide exposure to supplier diversity, open standards, and more efficient compute architectures, while Intel adds exposure to server CPUs and potential foundry optionality as customers seek additional sources of advanced manufacturing supply. While execution risk remains meaningful, particularly for Intel, we believe these businesses provide differentiate

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Datadog, Inc. (NASDAQ:DDOG). Datadog, Inc. (NASDAQ:DDOG) operates an observability and security platform for cloud applications in the United States and internationally. On August 7, 2026, Datadog, Inc. (NASDAQ:DDOG) closed at $233.93 per share. One-month return of Datadog, Inc. (NASDAQ:DDOG) was -4.29% and its shares gained 93.33% over the past 52 weeks. Datadog, Inc. (NASDAQ:DDOG) has a market capitalization of $89.44 billion.
Sands Capital Technology Innovators Fund stated the following regarding Datadog, Inc. (NASDAQ:DDOG) in its Q2 2026 investor letter:
"Datadog, Inc. (NASDAQ:DDOG) is a cloud-native observability and security software company that helps organizations monitor infrastructure, applications, logs, and cybersecurity across increasingly complex technology environments. Our latest engagement with the company focused on its proposal to reincorporate from Delaware to Nevada and the potential implications for shareholder rights, board oversight, and long-term governance. Reincorporation proposals can have meaningful implications for the legal framework governing a company's directors, officers, and shareholders. Because corporate law varies by state, a change in domicile may affect litigation standards, fiduciary duties, shareholder rights, and the balance between management protections and investor oversight. We expect more companies to submit proposals to reincorporate. As long-term shareholders, we generally engage with companies considering these proposals to better understand their rationale, evaluate whether shareho

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Roblox Corporation (NYSE:RBLX). Roblox Corporation (NYSE:RBLX), an online gaming and virtual experience platform, supported by AI-driven innovation and infrastructure advantages, detracted from the performance this quarter. On August 7, 2026, Roblox Corporation (NYSE:RBLX) closed at $37.79 per share. The one-month return of Roblox Corporation (NYSE:RBLX) was -32.87% and its shares lost 72.42% over the past 52 weeks. Roblox Corporation (NYSE:RBLX) has a market capitalization of $27 billion.
Sands Capital Technology Innovators Fund stated the following regarding Roblox Corporation (NYSE:RBLX) in its Q2 2026 investor letter:
"Roblox Corporation (NYSE:RBLX) shares declined, reflecting more difficult user engagement comparisons and increased investment in safety features that pressured margins. We sold the business during the quarter. Roblox has strengthened its position as a platform since our initial investment, with engagement and monetization broadening beyond a small number of viral hit games. That progress drove a meaningful improvement in revenue growth and profitability. However, the stock has become more vulnerable to difficult comparisons following a surge in engagement, while incremental safety investments may weigh on near-term usage and monetization. Although we continue to see long-term potential in the business, we exited the position because the near-term setup had become less attractive relative to other opportunities."

#sands

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted TTM Technologies, Inc. (NASDAQ:TTMI) as a new addition. TTM Technologies, Inc. (NASDAQ:TTMI) manufactures and sells mission systems, radio frequency (RF) components, RF microwave/microelectronic ******* emblies, and printed circuit boards (PCBs) and substrates in the United States and internationally. On August 7, 2026, TTM Technologies, Inc. (NASDAQ:TTMI) closed at $137.21 per share. One-month return of TTM Technologies, Inc. (NASDAQ:TTMI) was -0.64% and its shares gained 207.58% over the past 52 weeks. TTM Technologies, Inc. (NASDAQ:TTMI) has a market capitalization of $14.45 billion.
Sands Capital Technology Innovators Fund stated the following regarding TTM Technologies, Inc. (NASDAQ:TTMI) in its Q2 2026 investor letter:
"TTM Technologies, Inc. (NASDAQ:TTMI) is a leading Western manufacturer of highly complex printed circuit boards (PCBs) and integrated electronic subsystems. We believe the company is positioned at the intersection of AI data center growth and defense modernization. TTM is 75 percent sole sourced in U.S. aerospace and defense projects due to lack of domestic competitors and is already booking revenue from Golden Dome. As AI infrastructure evolves to support advanced accelerators, networking equipment, and custom compute architectures, boards require more layers, higher performance, and greater manufacturing precision, creating meaningful pricing uplift versus commoditized PCBs. We believe TTM's exposure to AI accelerator boards, networking, and defense demand can support durable earnings growth and improving qual

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Advanced Micro Devices, Inc. (NASDAQ:AMD) as a newly added position. Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company that designs and manufactures AI accelerators, microprocessors, and graphics processing units, which contributed to the fund's performance in the quarter. On August 7, 2026, Advanced Micro Devices, Inc. (NASDAQ:AMD) closed at $483.36 per share. One-month return of Advanced Micro Devices, Inc. (NASDAQ:AMD) was -14.80% and its shares gained 178.94% over the past 52 weeks. Advanced Micro Devices, Inc. (NASDAQ:AMD) has a market capitalization of about $789.07 billion.
Sands Capital Technology Innovators Fund stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q2 2026 investor letter:
"Advanced Micro Devices, Inc. (NASDAQ:AMD), Arm Holdings, and Intel increased the portfolio's exposure to rising CPU demand driven by agentic AI. While GPUs remain central to training and token generation, CPUs are increasingly important for scheduling, memory management, tool execution, and the orchestration of agentic workflows. As AI workloads evolve toward inference, agentic workflows, and more complex data center architectures, we believe the need to coordinate, feed, and manage accelerated compute could drive stronger CPU demand than investors previously expected. AMD and Arm provide exposure to supplier diversity, open standards, and more efficient compute architectures, while Intel adds exposure to server CPUs and potential foundry optionality as customers seek additional sources

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Samsara Inc. (NYSE:IOT). Samsara Inc. (NYSE:IOT), which provides solutions to connect physical operations data to its connected operations platform, detracted from the fund's performance during the quarter. On August 7, 2026, Samsara Inc. (NYSE:IOT) closed at $40.88 per share. One-month return of Samsara Inc. (NYSE:IOT) was 11.00% and its shares gained 25.78% over the past 52 weeks. Samsara Inc. (NYSE:IOT) has a market capitalization of $23.89 billion.
Sands Capital Technology Innovators Fund stated the following regarding Samsara Inc. (NYSE:IOT) in its Q2 2026 investor letter:
"Samsara Inc. (NYSE:IOT) is a leading developer of connected hardware and software for industrial operations. Shares declined despite strong first-quarter results, as broader multiple compression across select vertical software peers outweighed continued evidence of strong execution. Revenue growth remained steady at approximately 30 percent, while the company delivered roughly 500 basis points of margin leverage, reflecting improving scale and operating discipline. Samsara continues to benefit from a powerful data network effect: as more customers and connected ***** ets join the platform, Samsara captures more proprietary operational data, which improves its products, strengthens customer outcomes, and creates new monetization opportunities. This flywheel is supporting success across an expanding product portfolio and should be reinforced by upcoming product announcements and disclosures. With the stock trading near multiyear lows on forward revenue despite

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Klaviyo, Inc. (NYSE:KVYO). Klaviyo, Inc. (NYSE:KVYO), a cloud-based software-as-a-service marketing platform, detracted from the Fund's performance during the quarter. On August 7, 2026, Klaviyo, Inc. (NYSE:KVYO) closed at $16.62 per share. The one-month return of Klaviyo, Inc. (NYSE:KVYO) was -4.81%, and its shares lost 44.73% over the past 52 weeks. Klaviyo, Inc. (NYSE:KVYO) has a market capitalization of $4.73 billion.
Sands Capital Technology Innovators Fund stated the following regarding Klaviyo, Inc. (NYSE:KVYO) in its Q2 2026 investor letter:
"Klaviyo, Inc. (NYSE:KVYO) is an innovative provider of business-to-consumer (B2C) marketing technology. While the company delivered a headline beat and raise, expectations had moved higher into the print after a sharp rebound from April lows, and investors focused on a smaller revenue beat and a slightly lower second-quarter margin guide. The reaction also reflected broader pressure on software stocks, where investor sentiment remains fragile and near-term execution concerns have weighed on valuation multiples. In our view, the selloff was disproportionate to the underlying business performance. Klaviyo continues to deliver strong revenue growth, has limited exposure to seat-based revenue disruption, and should continue to expand margins over time. We maintain conviction, supported by Klaviyo's opportunity to extend share gains, expand internationally and outside of ecommerce, and cross-sell its text-messaging and customer service platforms."

#klaviyo #quarter #innovators #investor

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Palo Alto Networks, Inc. (NASDAQ:PANW) as a leading individual contributor. Palo Alto Networks, Inc. (NASDAQ:PANW) provides cybersecurity solutions in the Americas and internationally. On August 7, 2026, Palo Alto Networks, Inc. (NASDAQ:PANW) closed at $363.86 per share. The one-month return of Palo Alto Networks, Inc. (NASDAQ:PANW) was 10.16% and its shares gained 116.36% over the past 52 weeks. Palo Alto Networks, Inc. (NASDAQ:PANW) has a market capitalization of $296.55 billion.
Sands Capital Technology Innovators Fund stated the following regarding Palo Alto Networks, Inc. (NASDAQ:PANW) in its Q2 2026 investor letter:
"Palo Alto Networks, Inc. (NASDAQ:PANW) was a contributor during the quarter, supported by strong results and continued investor confidence in cybersecurity demand. Fiscal third-quarter results showed demand remains robust, as rapid AI adoption expands enterprise attack surfaces and increases the need for scaled cybersecurity platforms that can provide visibility, control, and protection against more sophisticated threats. Management also noted an improving demand pipeline following Palo Alto Networks' inclusion as a launch partner in Project Glasswing, Anthropic's initiative to use the Claude Mythos model to help defenders secure critical software for the AI era. In our view, these developments reinforce Palo Alto Networks' position as a critical enabling platform for secure AI adoption. The company is well positioned to benefit from this demand environment through its broad product portfolio, scaled customer base,

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Seagate Technology Holdings plc (NASDAQ:STX) as a notable performance contributor. Seagate Technology Holdings plc (NASDAQ:STX) engages in the provision of data storage technology and infrastructure solutions in Singapore and internationally. On August 7, 2026, Seagate Technology Holdings plc (NASDAQ:STX) closed at $812.76 per share. One-month return of Seagate Technology Holdings plc (NASDAQ:STX) was -5.57% and its shares gained 435.80% over the past 52 weeks. Seagate Technology Holdings plc (NASDAQ:STX) has a market capitalization of $184.21 billion with a 52-week trading range between $144.75 and $1,145.00.
Sands Capital Technology Innovators Fund stated the following regarding Seagate Technology Holdings plc (NASDAQ:STX) in its Q2 2026 investor letter:
"Seagate Technology Holdings plc (NASDAQ:STX) is a global leader in mass-capacity data storage. Shares advanced as improving supply demand conditions continued to support stronger pricing expectations for hard disk drives. The company reported strong first-quarter results, with revenue rising 44 percent year over year and non-GAAP gross margin reaching a record 47 percent. Demand for storage capacity is improving as AI-related workloads require greater data retention and retrieval, while industry supply remains constrained. Management now expects pricing to grow at a multiyear mid-teens rate, following 12 percent yearover-year pricing growth in the quarter. We believe this combination of rising demand, limited supply response, and improving pricing discipline will support durable e

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Nu Holdings Ltd. (NYSE:NU). Nu Holdings Ltd. (NYSE:NU) is a leading digital banking platform, which detracted from the fund's performance this quarter. On August 7, 2026, Nu Holdings Ltd. (NYSE:NU) closed at $13.84 per share, reflecting a market capitalization of $66.85 billion. Nu Holdings Ltd. (NYSE:NU) posted a one-month return of 1.24%, while its shares gained 16.11% over the past 52 weeks.
Sands Capital Technology Innovators Fund stated the following regarding Nu Holdings Ltd. (NYSE:NU) in its Q2 2026 investor letter:
"Nu Holdings Ltd. (NYSE:NU) operates Nubank, a digital financial services platform serving more than 100 million customers in Latin America. First-quarter 2026 revenue growth was in line with expectations, but higher-than-expected provisions weighed on gross profit and raised investor concerns about household debt and credit quality. We are less concerned, as Brazil's low unemployment and real wage growth are more relevant, in our view, to future credit losses than household debt service ratios. We also believe Brazilian Central Bank data may overstate loan delinquencies because of an accounting change that affects how long banks can keep nonperforming loans on their books before recognizing a write-off. Importantly, after a detailed inspection of the bank's balance sheet and interaction with the management, we feel comfortable about Nu's prospects of generating healthy risk-adjusted net interest income in the coming quarters. ****** et quality concerns may take time to resolve, but Nu continues to execute against

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Sandisk Corporation (NASDAQ:SNDK) as a newly added position. Sandisk Corporation (NASDAQ:SNDK) develops, manufactures, and sells data storage devices and solutions using NAND flash technology in the United States and internationally. On August 7, 2026, Sandisk Corporation (NASDAQ:SNDK) closed at $1,212.21 per share. The one-month return of Sandisk Corporation (NASDAQ:SNDK) was -27.58%, and its shares gained 2,695.04% over the past 52 weeks. Sandisk Corporation (NASDAQ:SNDK) has a market capitalization of $176.98 billion.
Sands Capital Technology Innovators Fund stated the following regarding Sandisk Corporation (NASDAQ:SNDK) in its Q2 2026 investor letter:
"Sandisk Corporation (NASDAQ:SNDK) is a U.S.-based provider of flash memory and storage technologies. As agentic AI systems handle more complex tasks with less human direction, they need to access, process, and retain larger amounts of context, subscription pricing power. However, we believe AIenabled short-form video could become an increasingly strong competitor for consumer engagement over time, creating greater uncertainty around Netflix's terminal value."

#NASDAQ #fund #sands

Sands Capital, an investment management company, released its "Sands Capital Technology Innovators Fund" Q2 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, global equities rebounded sharply, with the MSCI ACWI posting its strongest quarterly gain since 2020, supported by broad market strength, easing geopolitical tensions, and continued enthusiasm for AI infrastructure. Information technology led the advance, with semiconductor and hardware companies accounting for most of the index's rise. The fund returned 26.9% (net) in the second quarter of 2026. The portfolio benefited from strong gains across memory, software infrastructure, cybersecurity, and other AI-related holdings, although its concentrated exposure to mega-cap chip designers and manufacturers weighed on relative performance as leadership broadened into CPUs, networking, and memory. Vertical software, internet, and financial holdings were modest detractors amid macro concerns and uncertainty over AI disruption. The fund remains focused on critical AI bottlenecks, including compute, memory, manufacturing, networking, and power, while retaining selected businesses that may use AI to strengthen their competitive positions. You can check the fund's top five holdings to learn more about its leading investment ideas for the year.
In its second-quarter 2026 investor letter, Sands Capital Technology Innovators Fund highlighted Palantir Technologies Inc. (NASDAQ:PLTR). Palantir Technologies Inc. (NASDAQ:PLTR), which builds and deploys software platforms for the intelligence community to ***** ist in counterterrorism investigations and operations, detracted from the performance this quarter. On August 7, 2026, Palantir Technologies Inc. (NASDAQ:PLTR) closed at $172.01 per share. One-month return of Palantir Technologies Inc. (NASDAQ:PLTR) was 32.27% and its shares lost 5.84% over the past 52 weeks. Palantir Technologies Inc. (NASDAQ:PLTR) has a market capitalization of $413.36 billion.
Sands Capital Technology Innovators Fund stated the following regarding Palantir Technologies Inc. (NASDAQ:PLTR) in its Q2 2026 investor letter:
"Palantir Technologies Inc. (NASDAQ:PLTR) is a data intelligence and operational AI platform that helps governments and enterprises solve complex challenges by integrating and ***** yzing data across functions. Our holding was a detractor during the quarter, as shares declined despite reporting very strong first-quarter results. Revenue growth accelerated meaningfully, the company delivered a record guidance raise, and profitability continued to improve, with strong incremental margins and continued GAAP earnings growth. In our view, the stock reaction reflected elevated expectations and ongoing investor debate around valuation and competition from AI labs, rather than deterioration in the underlying business. We believe Palantir is increasingly proving itself as a clear winner in artificial intelligence, with its platform tied to dur

Queen Letizia has served up many footwear looks over the years, incorporating both luxury designers and Spanish shoe makers into her style. Whether it's heels, flats, pumps, boots or strappy sandals, the royal consistently makes a statement, wearing luxury labels such as Jimmy Choo, Prada and Gianvito Rossi, while also supporting Spanish designers like Magrit, Calzados Picón, Pedro García and Massimo Dutti. Lately, she has leaned into monochromatic dressing, coordinating her shoes with the rest of her look — but she still makes room for adventurous silhouettes and playful patterns. Ahead, take a look at some of Queen Letizia of Spain's best footwear moments over the years.
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#spanish #royal #statement

It appears Kevin O'Connell has seen enough in the Minnesota Vikings' quarterback competition. The Vikings named Kyler Murray their starter over 2024 first-round pick J.J. McCarthy, according to ESPN's Adam Schefter, ending the battle before a single preseason snap.
O'Connell has kept his thoughts on the QB competition mostly out of the public eye, but he recently praised Murray's ability to grasp the playbook. Murray signed a one-year veteran minimum contract with the Vikings after seven seasons and two Pro Bowls with the Arizona Cardinals.
"I think mentally he's definitely probably ahead of where I thought," O'Connell said of Murray, per ESPN's Kevin Seifert.
Murray has a loaded skill group to work with, plus one of the game's brightest play callers and offensive designers in O'Connell. Here's a detailed look at how he'll impact the Vikings' offense and possibly your fantasy team.
This is the best news possible for the Vikings' offense, from a fantasy perspective at least. McCarthy never truly clicked with Justin Jefferson, resulting in the least productive season of his career. That'll change with Murray. The former No. 1 pick's habit of holding onto the ball too long may put his team in tough spots situationally, but it leads to big play potential, with Jefferson and Jordan Addison being the major beneficiaries now. Even Jauan Jennings is worth a late-round dart throw, as he's a flex right now with potential for a much bigger role if Jefferson or Addison miss time. As for the running backs, Aaron Jones and Jordan Mason get a boost because Murray's mobility helps open run lanes that wouldn't otherwise exist. However, neither are great fantasy options given they're in a committee behind a shaky offensive line.

#Vikings #murray #o 'connell #fantasy