23 September 2026 US Technology Equities Key takeaways from our Silicon Valley tech tour United States We held meetings with 27 tech companies in Silicon Valley, along with a group of investors, across five days. We highlight the key takeaways from these meetings in this note. Supply chain bottlenecks to persist through 2027 at least: There is a broad, AI- led supply crunch rather than a single isolated constraint. Demand continues to run ahead of supply across much of the semiconductor and data center ecos ...