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Last week, Dow Jones rose 3.4%, S&P 500 was up 5.3%, Nasdaq composite gained 7.15%. eToro’s stock surged 34% following its Nasdaq IPO, marking renewed investor enthusiasm after recent market volatility. Banking app Chime revealed accelerated revenue growth of 32% in Q1, bolstering prospects for its imminent IPO. Perplexity is discussing raising US$500 million at a US$14 billion valuation, reflecting growing investor confidence in its AI-driven search capabilities. Nvidia and AMD announced significant AI chip deals with Saudi Arabia, capitalizing on relaxed U.S. export restrictions. Coinbase will join the S&P 500 index even as the company reported a customer data breach potentially costing up to US$400 million. CoreWeave’s stock dropped 7% after cautious revenue guidance, despite explosive growth, underscoring investor sensitivity to volatility in AI infrastructure spending. Google ‘super intensely’ debated buying Netflix, according to Google’s CEO. CrowdStrike’s CEO gave away 92% of his voting power. OpenAI said Friday it released an artificial intelligence coding “agent” that can automate software engineering tasks such as fixing bugs and answering questions about a codebase. Google is also working on AI agents, and other features. In Canada, Robinhood agreed to buy WonderFi for $250 million. Shopify shares jumped 18% after announcing its inclusion in the Nasdaq 100 Index. Cohere missed its revenue targets by 85%, highlighting slower-than-expected enterprise AI adoption. Canadian VC activity slowed sharply, with Q1 seed-stage deals hitting a pandemic-era low and exits virtually halted amid trade uncertainty. In news pertaining to Sophic Capital clients, Intermap reported robust Q1 results, growing revenue to $4.3 million from $1.7 million last year, driven by acquisitions and large government mapping contracts. The company reaffirmed 2025 guidance, targeting revenues of $30-35 million with a 28% EBITDA margin. Boardwalktech formed new strategic partnerships and strengthened its advisory board. Cybeats enhanced its SBOM Studio cybersecurity platform with AI-driven features, earning recognition from Canadian government-backed initiatives. American Aires expanded its NASCAR sponsorship.

Last week, Dow Jones fell 0.2%, S&P 500 lost 0.5%, Nasdaq composite was down 0.3%. eToro is targeting a US$4 billion valuation in its U.S. IPO, aiming to raise up to US$500 million amid improving market conditions. CoreWeave, which faced investor concerns over its heavy debt during its recent IPO, and reduced its IPO target from US$2.7 billion to US$1.5 billion is now exploring additional debt financing. OpenAI abandoned plans to fully separate its for-profit subsidiary from its nonprofit parent after legal challenges, opting instead to restructure into a public benefit corporation. DoorDash expanded internationally through a US$3.8 billion acquisition of Deliveroo and a US$1.2 billion purchase of hospitality software firm SevenRooms. Palantir raised its full-year guidance following strong Q1 results, driven by surging demand for AI analytics software. AMD reported robust 36% quarterly revenue growth fueled by its data-center business, despite ongoing competition from Nvidia. Super Micro issued weak guidance, citing ‘economic uncertainty and tariff impacts’. Rivian cut its 2025 delivery forecast amid tariff-driven disruptions. Disney reported ad revenue gains driven by live sports. Apple announced plans to integrate AI-powered search into Safari, threatening Google’s dominance, while also hinting AI could eventually replace the iPhone within a decade. Apple is also reportedly planning to introduce Meta Ray-Ban style smart glasses around 2027. Uber expanded its robotaxi partnerships. Robinhood plans to launch a blockchain-based platform enabling European investors to trade U.S. securities, underscoring fintech’s growing global reach. In Canada, Shopify reported strong Q1 earnings, posting revenue of US$2.36 billion, a 27% increase y/y despite ongoing trade tensions. Sophic Capital Client, Kraken Robotics subsidiary 3D At Depth completed its 1,000th subsea metrology project, showcasing advanced LiDAR technology and operational efficiency.

Last week, Dow Jones rose 3%, S&P 500 gained 2.9%, Nasdaq composite was up 3.4%. Tesla’s Chair denied reports of a plan to look for new CEO. Jeff Bezos plans to sell up to US$4.75 billion worth of Amazon shares over the next 12 months. Amazon successfully launched its first Project Kuiper satellites. Waymo and Toyota are exploring a partnership to develop an autonomous vehicle platform for personally owned vehicles. Meta Platforms on Tuesday released a standalone smartphone app for its Meta AI assistant. Apple has officially approved the first app with links to external payment options in the United States with Spotify. Apple also further shifted its supply chain away from China, significantly increasing reliance on U.S.-manufactured chips and expanding iPhone production in India. OpenAI is incorporating more shopping features into ChatGPT search results. Visa launched AI agent payments tools. Temu has discontinued its direct-from-China shipping model. In news pertaining to Sophic clients, Kraken Robotics grew 2024 revenue 31% y/y to $91.3 million, driven by subsea battery sales, with net income rising sharply to $20.1 million from $5.5 million. Kraken also announced new orders totaling nearly $60 million and the opening of a Nova Scotia production facility in 2025. Ionik reported a 28% increase in annual revenue to US$179.1 million. American Aires achieved a quarterly sales record of $8.6 million in Q4 (130% increase y/y YoY). Aires reaffirmed 2025 guidance projecting revenues of $28–$32 million and EBITDA of $2 million loss to a $2 million gain. Plurilock reported annual revenue at $59.1 million, driven by software and services, improving gross margin to 13.1% from 8.5%. Legend Power Systems secured a significant repeat order for eight additional SmartGATE systems, highlighting strong customer ROI and operational benefits. Cybeats expanded its cybersecurity contracts with Emerson Electric and renewed a key deal with a major U.S. security agency, emphasizing increasing demand for software supply chain security.

Last week, Dow Jones rose 2.5%, S&P 500 gained 4.6%, and Nasdaq composite was up 6.7%. Megacaps, like Meta, Microsoft, Apple and Amazon still are below recent highs and their upcoming earnings reports this week will provide insight into numerous demand drivers, including cloud computing spend, AI capex, e-commerce, advertising, consumer tech demand — and of course tariff impacts. Neuralink is seeking US$500 million at an US$8.5 billion valuation, intensifying competition in brain-computer interfaces. Alphabet reported steady Q1 revenue growth of 12%, despite slowing search revenue amid rising AI competition from OpenAI’s ChatGPT. ServiceNow exceeded revenue forecasts, driven by software subscriptions and internal AI efficiencies, boosting its stock after-hours. Tesla faced a challenging quarter, with profits plunging 66% due to reduced automotive sales and controversial CEO Musk’s political affiliations. Apple plans to shift all U.S.-sold iPhone production to India by 2026, reducing reliance on China amid escalating tariffs. Intel will reportedly cut over 20% of staff amid ongoing restructuring. Boeing has agreed to sell parts of its digital aviation unit to private equity group Thoma Bravo for US$10.55 billion. Amazon’s competitor to SpaceX’s Starlink, known as Project Kuiper, is struggling to scale up production of its satellites to hit a key U.S. government deadline. In regulatory news, Google abandoned its cookie-removal plan, while the EU fined Apple and Meta Platforms under new digital competition laws. FTC sued Uber over alleged deceptive billing practices related to its Uber One subscription. Temu and Shein increased U.S. prices ahead of tariff changes, reflecting ongoing trade uncertainties.In Canada, investment bankers applauded new securities rules aimed at reinvigorating the IPO market. In Sophic Capital client news, Cybeats announced its participation at the upcoming RSAC™ 2025 Conference, highlighting its SBOM Studio cybersecurity platform. Cybeats also expanded its SBOM Consumer product, entering new sectors such as healthcare, finance, energy, telecom, and defense, and launching pilots with a U.S. defense agency and Orange S.A.