Technology Research: 2026 Global Technology Conference: What did we learn?

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Technology Research: 2026 Global Technology Conference: What did we learn?

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Technology Research

2026 Global Technology Conference: What

did we learn?

Industry Overview

Semis: AI broadening, supported by order/supply visibility 08 June 2026

We hosted 37 semis mgmt teams at 2026 BofA Tech Conf., across compute/AI, Equity

connectivity, analog, semicap, consumer end markets. Top 3 takeaways: 1) Overall tone United States

around AI compute/networking/semicap was very strong, with supplies fast-growing but Technology

still outpaced by demand, 2) Demand/order visibility is high, analog cyclical recovery is Equity

broadening (+secular AI upside), edge AI theme is re-emerging, and 3) Focus stocks with Tal Liani

strong growth and catch-up potential as below SOX index YTD include: NVDA, CRDO, ResearchBofAS Analyst

ADI, TXN, KLAC and MCHP. +1 646 855 5107

tal.liani@bofa.com

Didier Scemama >>Software: tone positive with AI remaining center stage

Research Analyst

Demand trends across Neoclouds, infrastructure software, and cybersecurity remain MLI (UK)

constructive, with AI the primary growth driver. Within Neoclouds, AI data center didier.scemama@bofa.com

demand remains robust with differentiation centered on execution and platform Justin Post

capability. Both CoreWeave and Nebius see strong visibility and enterprise adoption, BofAS

with focus on capacity scaling and inference workloads. Infrastructure software justin.post@bofa.com

commentary was squarely positive, with demand driven by platform consolidation and Koji Ikeda, CFA Research Analyst

multi-product adoption. Atlassian, Datadog, and MongoDB all cited cross-sell momentum BofAS

and AI-led consumption trends, reinforcing a shift toward integrated platforms as a key koji.ikeda@bofa.com

monetization lever.