GQG Partners

Google once appeared unstoppable but it may now be facing headwinds including AI competitors and rising costs. Are these challenges enough to push Google off the top? Read more: tinyurl.com/466sksye

We think the case for defensives is strong. Watch Client Portfolio Manager David Jenkins explain why defensives are back in focus, where we’re seeing opportunities across global markets, and how durable cash flows and disciplined valuations are shaping our positioning. Watch the full interview tinyurl.com/22em4z99

We think modernizing electricity grids and stable cash flows are making utilities a surprising growth story. Watch the full webcast: tinyurl.com/3fcr8e4x

Google’s dominance may be under siege. Could this be the end of an era? Read more: tinyurl.com/5au6nx47

In our view, consumer staples are showing organic growth, strategic pricing, and historic low valuations. Watch more: tinyurl.com/u55d9a6j

🚨 Is the AI boom unraveling? 🔍 We think A single delay, interest rate spike, or demand wobble could collapse fragile financing structures. ❗ Developers like Fermi and CoreWeave already appear to be facing mounting pressure. 💡 The race for AI dominance may hinge on financial sustainability. 📄 Read more: tinyurl.com/2s39bpuw

❓ Are memory & GPU suppliers the real winners of AI’s rise? ⚡Nvidia & memory makers like SK Hynix dominate pricing power, while smaller data center builders bear the debt. 🔍 Meanwhile, input costs are surging, widening funding gaps. 💡 Could this strain the entire ecosystem? 📄 Read why: tinyurl.com/2s39bpuw

Watch Brian Kersmanc discuss why we focus on sectors that we believe are less likely to be disrupted by the AI ecosystem. tinyurl.com/37553p2j Views and opinions are expressed as of 17 February 2026. The information provided in this video does not constitute investment advice and no investment decision should be made based on it. GQG’s views may change without notice.

🔥 AI innovation is undeniable, but is the debt sustainable? ❓Neoclouds like CoreWeave rely on billions in high-interest loans, often collateralized by GPUs. ⚠️ If demand slows or costs rise, we see potential for widespread defaults. 💡 Could this echo past speculative bubbles? 👉 Learn more: tinyurl.com/2s39bpuw

💡 We think defensives offer a rare blend: ⚡ Utilities/staples for downside risk management. 💊 Pharma for structural demand (aging demographics). 📈 Insurers for potential earnings growth & capital returns. ❓ Could this sector be hiding in plain sight? 👉 Discover more: tinyurl.com/yfcmfy8h

❓ Does AI’s rapid growth mask financial fragility? ⚠️ Hardware-collateralized loans & SPVs have ballooned risks for smaller developers. 🔍 Rising costs for GPUs and memory could push some to default. 💡 Will the weakest players trigger a broader reckoning? 👉 Read why: tinyurl.com/2s39bpuw

Is the AI ecosystem standing on shaky ground? Our latest research reveals how we think debt and leverage are testing the limits of sustainability. Uncover the risks. tinyurl.com/3ujznwse

❓ Why consider defensive stocks now? 🔍 Possibly more Consistent compounding: dividends + steady pipelines in staples, pharma, and insurers. ⚡ Potential re-rating if these sectors return to historical averages. 💡 Is it a “coiled spring” ready to unleash? 📄Learn more: tinyurl.com/yfcmfy8h

⏳ We think Debt-fueled AI expansion may resemble a ticking time bomb. 🔍CoreWeave, a key neocloud player, spends nearly all its revenue servicing $21B+ in debt. ❗ Execution delays and rising interest rates amplify risks. 💡Could CoreWeave’s challenges reflect broader instability? 📄Learn more: tinyurl.com/2s39bpuw

🔥 Could defensives outperform tech again? 📉The valuation gap between tech and defensives (staples, utilities, healthcare) is at an all-time high. 🔍 In 2000, defensives surged as the tech bubble burst. 💡 We believe history could rhyme 👉Read more: tinyurl.com/yfcmfy8h

❓ Could smaller AI data center builders derail the ecosystem? 🔍“Neoclouds” carry 64% of future projects but rely on fragile financing. ❗ If AI growth slows, these highly leveraged firms could face cascading defaults. 💡The weakest link may decide the fate of the AI buildout. 👉Read more: tinyurl.com/2s39bpuw

Is this what they meant by “work smarter, not harder”?

🔥 Defensive stocks: undervalued and overlooked? ❓ Could a rotation away from high-flying tech unlock upside? 🔍 We think Historical dislocations in staples, pharma, and insurers suggest a compelling setup. 💡 We call this “free optionality.” 📄Learn more: tinyurl.com/yfcmfy8h

🔥 AI’s meteoric rise is built on debt—but how stable is the foundation? ❓ With $1.5T in financing needs through 2028, can private credit keep pace? 🔍Early cracks are showing, with some developers already canceling projects. 💡 We see parallels to past speculative bubbles. 📄Learn why: tinyurl.com/2s39bpuw