Jacob Funds’ Q1 2026 Investor Letter

Jacob Funds, a mutual fund company, released its first-quarter 2026 investor letter. The Fund started the year optimistically, expecting fiscal and monetary policies to boost an economy showing mixed signals. However, rapid AI developments and a Middle East conflict caused one of the worst quarters since COVID. Market turbulence led to widespread tech sell-offs, blurring lines between at-risk and AI-benefiting firms. AI prompts critical long-term questions for the tech industry, with...