The updates in this article will see this portfolio reach 37.1% of the goal
Last week’s change: +3.5%
This came from 0.5% portfolio growth and a further 3% from additional investment.
Last Weeks Performance
AECOM
For those who read last week’s post, you may remember I mentioned AECOM as one of the stocks I would be keeping a close eye on following news of the King Fahd International Stadium project. Well, I have done just that – and they’ve only gone and secured another colossal project for their portfolio.
This new project is a government contract worth $81.3 million over the next ten years. “We are honoured to expand our long-standing relationship with the Department of Defense and lead this critical work at Vandenberg Space Force Base,” was a statement published on 27th May via AECOM’s official press release page.
Artificial Intelligence
It’s no secret that artificial intelligence is bouldering its way into our lives at a rapid pace. On 23rd May, Donald Trump signed executive orders aimed at boosting energy production in the US, with some media reports suggesting targets as high as quadrupling output by 2050 to support this AI surge.
There are several angles to explore here:
- Who will mine the materials required?
- Who will take the lead in transporting these materials?
- Who will oversee construction?
- Which companies will dominate the consumer AI market?
- Which businesses will best incorporate AI to streamline operations, cut costs, or increase output?
I remain invested in Cameco, with a strong belief that it will play a significant role in mining the necessary materials.
I also believe SANDVIK has the infrastructure to supply the equipment required for these operations.
AECOM, again, appears well positioned to support extensive and complex projects, with a proven track record.
As for the consumer end, my opinion – and it is only opinion at this stage – is that Microsoft will dominate. Regardless of differing views on the company, its foothold in business IT systems is unmatched, giving it a huge advantage in pushing its AI models forward.
Amazon has also reportedly been investing more heavily into AI, particularly through its AWS division. At the right moment, I’ll likely be channelling more funds into this stock
This Week’s Investments
So, where does that leave me? With so many strong prospects in play and a goal of reaching £10,000 by the end of December, it can be tough to choose.
This week, after careful consideration, I’ll be investing £150 into one of my existing holdings: AECOM.
In addition, I’m adding another stock to my portfolio with a £150 investment in Microsoft.
Next Week…
Check back next week for another portfolio update as we continue this journey to £10,000.
If you missed last week’s update, you can find it here.
If you’re enjoying these posts and want to follow along, hit the like button at the top or bottom of this article. Your support means a lot and helps shape the future of this blog.
Have a great week!
