NORTH TECH CAPITAL

Research. Discipline. Tech Stocks.

David Thomas

Founder & Lead Analyst, North Tech Capital

David Thomas is the founder and lead analyst at North Tech Capital, an independent research platform focused on mega-cap technology and the long-term build-out of the AI economy. His analysis centres on earnings power, cash flow durability, returns on capital, and valuation discipline.

    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.

    This 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, providing context before individual investment decisions are made.

    Today, as Founder and Lead Analyst at North Tech Capital, David oversees three core research products: the Global Tech 15, the Monthly Briefing, and North Tech Confidential. Together, they provide a structured framework for understanding how technology and macro forces interact as the global AI economy continues to evolve.

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    PREMIUM SERVICES

    MONTHLY BRIEFING

    A focused monthly investment write-up examining one high-conviction stock or ETF and access to the Global Tech 15 portfolio. Grounded in fundamentals. Real capital at risk.

    • WHAT: Mega-Cap Tech Stocks
    • RATING: Moderate
    • WHEN: Monthly
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    BREAKOUT TECH INVESTOR

    Breakout Tech Investor reflects David Thomas’ conviction that the strongest long-term returns emerge when technology leaders enter a new phase of structural growth, before they become obvious to the broader market.

    • WHAT: Mid to Mega-Cap Tech Stocks
    • RATING: Aggressive
    • WHEN: Twice Monthly
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    LATEST ARTICLES

    Is Microsoft Stock a Good Investment for 2026? A Long-Term Outlook

    Microsoft continues to grow earnings and lead in AI, but valuation matters. This 2026 outlook explores revenue strength, durable cash flows, and pricing power — while explaining why we would hesitate to buy at today’s premium levels. A calm, long-term view for investors focused on quality and discipline.

    10 Tips for Investing in Artificial Intelligence Stocks

    Artificial intelligence is one of the biggest technology trends of our time. In this article, we share simple and clear steps for investing in AI stocks without the hype. Whether you’re new to tech investing or looking to sharpen your strategy, these tips will help you build confidence and think long term.

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