David Thomas, Founder, North Tech Capital

I write a blog and share how I invest in mega-cap tech stocks.

I host The Global Tech 15, an investing community centred around learning, discussion, feedback, and more.

I use fundamental analysis (earnings power, cash flow durability, returns on capital) and technicals (monthly, weekly, daily, and 4 hour candlestick charts) for research.

Membership to The Global Tech 15 is currently free when you join the weekly newsletter below:

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Here’s a more official sounding version of what I do.

David’s work sits at the intersection of technology, markets, and macroeconomic structure. Rather than following a traditional investment banking or hedge fund path, his background is defined by deep, self-directed study of global markets and a long-standing focus on how technology reshapes capital allocation and long-term returns.

That non-traditional path shapes North Tech Capital’s investment philosophy.

The focus is valuation-first and fundamentals-driven, centred on earnings durability, cash flow, returns on capital, balance sheet strength, and long-term structural growth across AI, cloud infrastructure, semiconductors, and platform economics, coupled by a technical backdrop specifically targeting entry optimisation.

This bespoke approach is reflected in the Global Tech 15, a concentrated, long-only portfolio designed to capture long-term compounding rather than short-term momentum. Macro conditions, policy shifts, and capital flows are analysed first to provide context, followed by a technical application layer, before individual investment decisions are made.

Today, as Founder and Lead Analyst at North Tech Capital, David oversees the Global Tech 15 which they provides a structured framework for understanding how technology and macro forces interact as the global AI economy continues to evolve.