Jacob Funds, a mutual fund company, released its third-quarter 2026 investor letter. In Q3, persistent macro headwinds—rising oil prices, multi-decade high interest rates, and exceptionally narrow market breadth—pressured broader equities while a small cohort of mega-caps drove headline gains. At the same time, data center scrutiny and AI anxieties tempered market sentiment. Despite this weakness, the firm maintained concentration in AI infrastructure, where proliferating autonomous...
Jacob Funds’ Q3 2026 Investor Letter
