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Celestica launched a US$3 billion treasury equity offering to fund capex for a multi-year AI infrastructure demand. Telesat won a $2.3 billion Defence Investment Agency contract, its largest ever, adding 69 Lightspeed satellites for Arctic military communications. The award also raised MDA Space’s build contract by $474 million. Options carry total contract value to $2.7 billion. Shopify rose 17% on 34% revenue growth and growth guidance for the high twenties, operating income was up 68% to US$488 million. AMD agreed to acquire Toronto’s Taalas, its second Canadian AI chip purchase in roughly a year. AMD’s reported revenue grew 50% to US$11.5 billion and the company guided to US$13 billion versus US$12.5 billion consensus, but shares fell 9% after hours as capex nearly tripled to US$808 million. SpaceX reported US$7.8 billion in revenue, up 92%, on US$18.3 billion of quarterly capex and US$25 billion of first-half cash burn, with over US$14 billion of compute contracted. Palantir grew 93% to US$1.9 billion, US commercial was up 149% to US$764 million. Sandisk revenue reached US$8.97 billion from US$1.9 billion. Datadog fell 19% after its largest customer cut spend. Alphabet received US$115 billion of orders for a US$25 billion bond sale. SoftBank borrowed US$10 billion against an OpenAI stake it marks at US$89.6 billion. Stripe entered exclusive talks to purchase OpenRouter for nearly US$10 billion, ~70x its US$140 million annualized revenue. Hedge funds gave back nearly 3% in July, but were still up ~8% YTD. Ottawa is investing over $20 million in a U of C-led quantum defence hub. In news pertaining to Sophic clients, Cybeats launched RAVEN, an agentic AI intelligence layer for SBOM Studio providing vulnerability triage, reachability analysis and automated VEX evidence while keeping customer source code in-environment. Boardwalktech closed a first tranche of 15,800,000 units at C$0.05 for gross proceeds of approximately C$790,000, each unit carrying a two-year warrant at C$0.06.

Last week, Dow Jones rose 1%, S&P 500 gained 1.05%, Nasdaq finished up 1.6%. Nasdaq 100 briefly hit correction territory Tuesday, down 10% from its early-June record. The Philadelphia semiconductor index has lost a quarter of its value since late June, Sandisk and Intel sit ~50% and ~40% below recent peaks. Goldman Sachs and JPMorgan demanded added collateral from concentrated hedge funds after the largest gross-leverage build Goldman has tracked since 2016. The prominent US$20 billion Situational Awareness AI fund, up 439% through June, had to sell much of its public equity book to Citadel. CXMT jumped 472% in its Shanghai debut. US Senators pressed Apple to avoid CXMT and YMTC memory chips. Shein’s Hong Kong filing showed Q1 revenue up 1.1%, US sales down 14%, and a US$99 million loss. Eric Trump-backed Space-Eyes is going public via SPAC. Amazon’s AWS accelerated to 37% growth and US$42.2 billion, with Amazon’s capex guide at US$220 billion. Microsoft stock rose 9% on 18% growth to US$90 billion. Azure was up 43%, and past US$100 billion annually. Microsoft disclosed 30 million paid Copilot seats. Meta’s revenue rose 28% to US$60.8 billion, but operating profit fell 8% and shares dropped 7%. Apple grew 16.4% to US$109.4 billion, warning chip supply constraints worsen materially. Robinhood’s prediction-market revenue was up 10x to US$156 million, passing crypto at US$100 million. ASML stock was down 5% on China DUV mass production. Nvidia is negotiating a US$250 billion backstop for OpenAI’s 10GW Ohio campus and invested US$1 billion in Naver. Anthropic disclosed its models, including Mythos, hacked three outside organizations in six of 141,006 tests. Microsoft launched cheaper rival Project Perception. In news pertaining to Sophic clients, Cybeats closed an oversubscribed C$1.97 million placement at C$0.17 and announced a Japanese ICS customer via a channel partnership. Intermap will acquire PCI Geomatics for $11 million cash, which will be immediately accretive. Boardwalktech reported FY26 revenue of US$3.6 million and US$3.5 million ARR. 01 Quantum announced a Carleton/NC CIPSeR research collaboration. Replenish Nutrients expanded its Board of Directors.

Last week, Dow Jones fell 0.4%, S&P 500 lost 0.6%, Nasdaq composite was down 2.1%. Nasdaq is below recent June lows ahead of a heavy news week, which will see earnings reports from Apple, Microsoft, Meta Platforms, Amazon, a Federal Reserve meeting, and increased geopolitical turbulence and rising oil prices and Treasury yields. Hedge funds cut US tech exposure at a record pace, roughly 10% of market value over two months, per Goldman. US equity issuance topped US$300 billion year-to-date on SpaceX’s US$86 billion IPO, Alphabet’s US$85 billion sale and SK Hynix’s US$26.5 billion listing, on pace to beat 2021’s US$376 billion record. Anthropic could list as soon as September, and Meta is weighing a multi-billion offering. Alphabet grew revenue 24% to US$119.8 billion with Cloud up 82% to US$24.8 billion, a US$514 billion backlog and capex raised to US$195–205 billion. Shares fell 4% after hours. Google disclosed US$94.1 billion of SpaceX stock. Intel rose 12% on 25% revenue growth and US$4.5 billion free cash flow. Tesla revenue rose 26% but capex doubled to US$5.8 billion, pushing FCF negative. Reddit fell 8% on possible non-renewal of its US$60 million Google AI deal. AMD will invest up to US$5 billion in Anthropic, and also launched Helios with Microsoft as a buyer; Nvidia announced a US$500 billion SK partnership. Anduril is raising near US$100 billion, Stripe is in talks to buy OpenRouter around US$10 billion. Moonshot is preparing a Hong Kong IPO. Alibaba open-sourced 2.4-trillion-parameter Qwen3.8 Max; Zhipu completed a 1GW all-domestic-chip data center. Prediction markets reached 27% of US sports-betting volume. In news pertaining to Sophic clients, Replenish Nutrients closed the first $7.5 million of a $15 million SRC Agrominerals investment. Kraken Robotics booked $35 million in new orders ($327 million YTD). Portfolio Manager, Mathieu Martin recently appeared on the Beyond MD podcast and outlined his approach behind investing his investment in Kraken. Ionik consolidated under SHIFT44 and Q1Media. Boardwalktech restructured its placement.

Last week, Dow Jones lost 0.9%, S&P 500 fell 1.55%, Nasdaq composite fell, Nasdaq-100 was down 4.1%. Tech sold off again Friday, Nvidia fell as much as 3%, briefly ceding the top market-cap spot to Apple, Meta dropped 5.3%. SpaceX slid below its US$135 IPO price and now trades ~40% off its peak. Netflix shares fell 8% after revenue growth slowed to 13.4% with Q3 guided to 11.7%. IBM fell 25% on a mainframe shortfall. Anthropic is negotiating multi-billion-dollar credit lines ahead of an IPO that could come as soon as September at a US$1 trillion-plus valuation. SK Hynix’s ADRs jumped nearly 20% after a record US$26.5 billion U.S. listing, which Nasdaq says is drawing more foreign issuers; Goldman’s equity underwriting revenue rose 130% to US$985 million. China’s CXMT is seeking US$8.6 billion in Shanghai at ~300x earnings. DeepSeek is raising again weeks after US$7.4 billion. Shein won approval for a Hong Kong IPO. Uber agreed to buy Delivery Hero for US$14.8 billion; Stripe and Advent made an unsolicited US$53 billion bid for PayPal. TSMC added US$100 billion to its U.S. commitment (US$265 billion total) and lifted 2026 capex to US$60–64 billion. Samsung pulled its Yongin fab forward to 2029. Meta is adding US$40 billion to reach 5GW in Louisiana. New York enacted the first statewide data-center moratorium and builders shop multi-billion-dollar stakes. Buffett confirmed he initiated Berkshire’s Alphabet stake. Moonshot’s 2.8-trillion-parameter Kimi K3 topped Claude Fable 5 on a coding leaderboard. OpenAI is building a screenless smart speaker. Nvidia shipped Cosmos 3 Edge for robotics. In Canada, General Fusion debuted on Nasdaq via SPAC. In news pertaining to Sophic clients, Cybeats and Boardwalktech launched equity raises. Kraken insiders bought stock. Intermap partnered with Saudi’s NSG UP42. 01 Quantum tied up with Crypto4A.