Ramadan 2026

ServiceNow is currently dominating a $275B enterprise workflow automation market, and on track to exceed $1 billion in AI-driven annual contract value by 2026 with its Now Assist platform. Subscription revenue is growing at over 21% y/y, government business grew 30%+ over the past two quarters, and deeper integrations with Microsoft 365 Copilot and GitHub are expanding the serviceable addressable market while entrenching its role as the mission-critical AI orchestration layer for enterprises.

Autodesk is the leading incumbent platform in architecture, engineering, and construction software, and is in the midst of a several-years-long transition to subscription-based cloud revenue that has made it more margin-accretive and predictable. The consensus is that its cloud migration and AI-powered design toolkits will ensure several more years of predictable double-digit growth.

Azure is Microsoft's primary driver of growth, with AI workloads expected to drive sustained 30%+ growth and lift long-term cloud market share. The company’s commercial remaining performance obligations (RPO) reached $368B, up 35% YoY, providing strong multi-year revenue visibility. Microsoft will likely emerge as the largest cloud-infrastructure provider by 2029, driven primarily by accelerating inference workloads from OpenAI.

Uber dominates the global ride-hailing and delivery market with network effects that are nearly impossible to replicate. Profitability has inflected meaningfully, and the company is expanding into autonomous vehicle partnerships and logistics adjacency that extend its total addressable market well beyond ride-sharing.

AMD's MI350 GPUs are gaining share in AI inference workloads, and the next-generation MI450 GPU has already secured a major long-term supply deal with OpenAI, a 6GW multi-year deployment agreement with initial delivery in H2 2026. Analysts project strong annualized FCF growth through the end of the decade, positioning AMD as NVIDIA's primary challenger in the AI accelerator market.

Trading at approximately 21x forward earnings, at the low end of its historical range, Meta is the most efficient deployer of AI in digital advertising, with machine learning models boosting ad targeting and conversion rates. The Manus AI acquisition ($2 billion, December 2025) strengthens its consumer-facing AI agent capabilities, and with $625 billion in collective hyperscaler capex plans for 2026, Meta's infrastructure investments are translating directly into margin expansion.

Synopsys is a dominant franchise in the mission-critical EDA industry, increasingly so with the Ansys acquisition that expands the TAM by nearly 60%. FY2026 is a key to prove out Ansys revenue synergies and margin recovery. The stock offers attractive long-term compounding potential given the company's monopolistic market position, AI innovation, and highly recurring revenue base.

United has provided guidance for 2026, forecasting adjusted Earnings Per Share (EPS) of $13.48. This projection is supported by strong growth in premium cabin revenue (+9% in Q4), a thriving loyalty program adding 9% to the full-year revenue, and the introduction of four new transatlantic destinations and six new international routes for Summer 2026.

The airline's annual investment of over $1 billion in customer experience enhancements such as Polaris suites and Starlink Wi-Fi which could help set it apart from Ultra-Low-Cost Carrier (ULCC) rivals.

ASML stands as the exclusive producer of extreme ultraviolet (EUV) lithography machines, granting it a monopoly over the most crucial bottleneck in semiconductor manufacturing. In its latest quarter, ASML achieved record bookings of €13.2 billion, and its guidance for 2026 revenue (€37.5billion) surpasses market consensus. The stock has gained over 21% year-to-date, fueled by technology giants' generative Artificial Intelligence (AI) capital expenditures, which have created record demand for advanced semiconductor manufacturing capacity.

Alphabet Inc. is a global technology leader dominating digital advertising and AI. Its core business relies on a massive ecosystem (Search, Android, YouTube, Cloud) with seven products exceeding 2 billion users. Deep integration of Gemini AI across all platforms reinforces its market dominance and forms a powerful competitive moat. Google Cloud’s 79% YoY backlog surge to $155B and mid-30% growth outlook reflect strong enterprise adoption, supported by proprietary TPU cost advantages and long-term AI workload contracts. Alphabet’s expanded capex plan and seventh-gen TPU performance gains underpin cost leadership, enabling margin resilience and accelerating growth.