Jeff Bezos & John Elkann - Italian Tech Week 2025· Oct 3, 2025
European tech investment surge combined with AI's broad horizontal adoption and Blue Origin's space economy buildout support long-term structural growth in cloud/software, aerospace/defense, and European tech valuations, despite near-term valuation bubbles; long-term holders of quality operators benefit more than short-term traders.
Position Reasoning
Small-cap growth exposure to emerging European tech winners funded by the €425B investment wave; captures long-tail of AI-enabled startups and deep-tech hardware plays not in large-cap indices. Lower liquidity but thematic upside if European founders create next-gen winners.