AnalytixInsight

Last week, Dow Jones fell 0.2%, S&P 500 was up 0.1%, and Nasdaq composite lost 0.1%, following new all-time highs on both the latter indices Thursday. Cerebras surged 68% in its IPO debut to a US$56 billion valuation. Geothermal pioneer Fervo Energy raised nearly US$2 billion, pushing its valuation past US$10 billion. SpaceX fast-tracked its Nasdaq listing for mid-June. Anthropic lined up a US$30 billion funding round at a US$900 billion valuation. Anduril raised US$5 billion at a US$61 billion valuation. European rival Helsing is targeting a US$18 billion valuation. eBay rejected Ryan Cohen’s US$56 billion buyout offer. Microsoft projected spending over US$100 billion on OpenAI agreements. SoftBank’s Vision Fund saw a US$46 billion yearly gain driven by OpenAI’s success. OpenAI launched a US$10 billion private equity joint venture. Neocloud provider, Nebius, reported a 684% Q1 revenue surge. Cisco shares jumped 18% on robust AI networking orders. Bill Ackman built a US$2 billion Microsoft stake based on latest 13F filings, Google is exploring launching orbital data centers via SpaceX. Anthropic’s Mythos AI showed advanced hacking capabilities in UK security trials. Thrive Capital placed a US$100 million bet on Shopify, whose shares remain down nearly 40% this year. The quantum sector expanded as Photonic closed a $200 million round at a US$2 billion valuation, and Nord Quantique secured unicorn status at US$1.4 billion. UniUni neared a US$1 billion SPAC debut on the TSX, while Prime Minister Carney unveiled a National Electricity Strategy to double grid capacity by 2050. In news pertaining to Sophic clients, Intermap reported Q1 2026 results with over 80% recurring revenue driven by its AI Risk Assistant, reiterating full-year guidance of $30-35 million. Hybrid Power Solutions announced a $1.5 million private placement, and its largest-ever $1.5 million industrial order. Juno Industries’ Chairman and co-founder, Harjit Sajjan was recently on a Betakit podcast to talk about the company’s plans to be an innovation hub for defence: building, partnering, or buying technology based upon government needs.

Last week, Dow Jones Industrial gained 0.2%, S&P 500 rose 2.2%, Nasdaq composite was up 4.5%. S&P 500 and Nasdaq have now risen for six consecutive weeks, and Nasdaq’s ~25% six week gain is the best six week gain since April 2009. Lime and geothermal startup Fervo Energy both filed for IPOs, with Fervo targeting a US$6.5 billion valuation. GameStop launched a US$56 billion bid for eBay. Cisco moved to acquire agent-security startup Astrix. Samsung joined the US$1 trillion market club, fueled by a record operating profit surge and potential foundry talks with Apple. Anthropic pledged a US$200 billion spend with Google Cloud over five years, and secured 100% of the compute from xAI’s Colossus data center. CoreWeave highlighted AI demand with a US$100 billion revenue backlog. However, its stock was down 9% on rising Capex. OpenAI is reportedly moving towards hardware, fast-tracking an AI-native smartphone for H1 2027 to rival Apple. The AI trade continues to diverge software stocks. TCI slashed its Microsoft stake by 90%, citing concerns over AI’s potential to disrupt the Office ecosystem. Datadog and AMD were up 30% and 16% respectively, as investors rewarded accelerating AI-driven sales and a doubling of the data center CPU TAM. In Canada, Shopify fell 9% on a projected Q2 revenue slowdown, as rising AI infrastructure costs began to offset software efficiency gains. In news pertaining to Sophic clients, Hybrid Power Solutions secured an inaugural $80,000 order from the NYC MTA and a follow-on from Canada’s largest transit commission, supporting a $12.5 million industrial pipeline. Kraken Robotics signed an MOU with SEFINE SISAM to integrate its KATFISH technology into Turkish maritime security operations. 01 Quantum received a USPTO Notice of Allowance for its Quantum AI Wrapper (QAW), solidifying its defensible position in encrypted AI computation.

Last week, Dow Jones rose 0.55%, S&P 500 gained 0.9%, Nasdaq composite was up 1.1%. Google came out on top after a big earnings week, which raised hyperscalers’ capex plans in the AI ecosystem. Alphabet and AWS reported revenue jumps of 22% and 28% respectively. Apple’s iPhone rebound continued with 22% growth. Meanwhile, Meta and Microsoft signaled aggressive AI infrastructure investment. Atlassian shares rose nearly 25% as AI search boosted product sales, sparking commentary that it could be time to re-enter software stocks after SaaSpocalypse. Anthropic is reportedly seeing investor interest at a US$900 billion valuation, supported by a US$20 billion convertible financing from Amazon. OpenAI reportedly missed internal Q1/26 goals but is maintaining its US$30 billion revenue target for 2026. SpaceX is targeting a mid-June IPO at a US$1 trillion valuation. S&P 500 is considering easing index entry rules for newly listed mega-cap stocks, following in Nasdaq’s footsteps. GameStop is reportedly preparing a bid for eBay. Chinese regulators blocked Meta’s US$2 billion acquisition of AI agent startup Manus. In Canada, the federal government has been selected to headquarter the new multinational Defence, Security and Resilience Bank (DSRB). B.C.-based General Fusion announced plans to go public on the Nasdaq via a US$1 billion SPAC merger. In news pertaining to Sophic clients, Juno Industries completed an oversubscribed $12 million financing to support its platform of defence solutions. Cybeats reported 2025 revenue growth of 49% y/y, and is targeting US$5 million in ARR by Q2 2026. Replenish Nutrients Q4 results highlighted the company’s transition to high-margin commercialization at its Beiseker facility while advancing licensing deals in the U.S. and Alberta. Ionik reported record fiscal 2025 revenue of US$195.3 million and US$34.8 million in Adjusted EBITDA. Hybrid Power Solutions reported a 75% sequential revenue increase and a $12.5 million sales pipeline. and 01 Quantum elected post-quantum cryptography expert Dr. Edoardo Persichetti to its board.

After a geopolitical driven mid-week pause, markets closed decisively higher. Dow Jones lost 0.4% last week, S&P 500 gained 0.55%, Nasdaq composite was up 1.5%. Nasdaq and S&P 500 hit fresh highs Friday, aided by chip stocks. Multiple hyper scalers and AI related companies are expected to report earnings next week, amidst ongoing geopolitical volatility. Google and Amazon committed a combined US$65 billion in new funding and compute capacity to Anthropic, which is now seeing investor interest at a US$800 billion valuation. OpenAI is forming a US$10 billion joint venture, called DeployCo, to drive enterprise adoption. SpaceX is reportedly preparing for its June IPO, and also potentially acquiring AI coding startup Cursor for US$60 billion. Cursor’s annualized revenue recently hit US$2.7 billion. Nuclear startup, X-energy went public, raising US$1 billion in its IPO. Intel shares soared 20% on strong data center growth. Revolut is targeting a US$200 billion valuation for its eventual IPO. Tesla reported a 16% revenue increase to US$22.4 billion, as it pivots to its Robotaxi service. ServiceNow shares fell despite 22% growth due to Armis acquisition “headwinds,”. Adobe announced a US$25 billion buyback. In Canada, Cohere and Germany’s Aleph Alpha agreed to a US$20 billion transatlantic merger. In news pertaining to Sophic clients, Kraken Robotics’ CEO was interviewed by BNN Bloomberg, highlighting the company’s position in the new underwater arms race. Rivemont Portfolio Manager, Mathieu Martin, highlighted his funds’ his 50+ bagger investment journey with Kraken Robotics on the “In the Money” podcast. Replenish Nutrients expanded its credit facilities to $5.45 million to scale its Beiseker facility and tackle global phosphate gaps. 01 Quantum recently demonstrated its quantum-safe solutions at its Toronto AGM and also provided investors a business overview at an investor conference. Hybrid Power Solutions partnered with Movex Innovation to deliver NATO-compliant mobile power units. Renoworks Software reported FY2025 revenue of $7.7 million, with licensing revenue jumping 33% as it transitions to an AI-driven platform.