Burke Wealth Management, an investment management company, released its "Focused Growth Strategy" first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund returned -10.6% in Q1 2026, significantly lagging the S&P 500's -4.3% returns. The letter noted the quarter as the worst for equities since 2022, with strong corporate earnings being overshadowed by the Iran War and a spike in oil prices. The effects of the AI revolution increased concerns in the investment community. Despite these uncertainties, the firm believes that the strength of the companies in the portfolio positions it to navigate short-term uncertainties and capitalize on long-term opportunities presented by the AI revolution. In addition, you can check the Portfolio's top five holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Burke Wealth Management highlighted stocks like Micron Technology, Inc. (NASDAQ:MU). Micron Technology, Inc. (NASDAQ:MU) is a leading semiconductor company that manufactures memory and storage products, delivering solutions for a wide range of applications. On June 23, 2026, Micron Technology, Inc. (NASDAQ:MU) closed at $1,051.77 per share. One-month return of Micron Technology, Inc. (NASDAQ:MU) was 13.29%, and its shares gained 726.54% over the past 52 weeks. Micron Technology, Inc. (NASDAQ:MU) has a market capitalization of $1.86 trillion.
Burke Wealth Management stated the following regarding Micron Technology, Inc. (NASDAQ:MU) in its Q1 2026 investor letter:
"In an otherwise dismal quarter for growth equities, shares of ASML and Micron Technology, Inc. (NASDAQ:MU) delivered strong returns gaining +24% and +18% respectively during the first quarter. Both of these companies are essential players in delivering the compute power necessary to drive the AI revolution. Had the market displayed any sort of rational behavior during the first quarter, Nvidia would have joined this list of gainers after announcing the strongest results in the history of results and providing the strongest guidance in the history of guidance in late February, but near-term market absurdities prevented this outcome for the time being. The fundamental driver for both ASML and Micron is a seemingly insatiable demand for more compute power. Saying the world is compute constrained without proving it doesn't get you far these days. We live in a world where many analysts are focused on calling out a peak in CAPEX spending and making the claim that the spending to date on AI has created a bubble that will take years to digest. This may still be the case, but if it is, executives from Amazon, Alphabet, Microsoft, and Meta are going to have a lot of explaining to do because collectively, these four companies committed to spend over $600 billion on AI related CAPEX this year. .." (Click here to read the full text)