AnalytixInsight

Last week, Dow Jones fell 3%, S&P 500 lost 2%, Nasdaq composite declined 1.2%. Nvidia is doubling down on infrastructure, investing US$4 billion into photonics leaders Lumentum and Coherent, while simultaneously licensing Groq’s technology for a new inference-specific chip. This shift was mirrored at Broadcom, where AI chip revenue surged 140% to US$10.7 billion, lifting overall growth to 47% despite sluggishness in non-AI segments. OpenAI could be officially prepping for a historic IPO, anchored by a US$730 billion pre-money valuation and a US$30 billion investment from Nvidia. SoftBank is betting the farm to stay relevant, seeking a record US$40 billion bridge loan to fund its own OpenAI ambitions. Meanwhile, a strategic pivot in OpenAI’s commerce strategy, moving from direct in-chat sales to app-based checkouts led to a relief rally for Booking.com and Expedia, which jumped 8.5% and 13% respectively. Anduril is targeting a US$60 billion valuation (roughly 14x 2026 sales), despite forecasting a US$1.2 billion operating loss this year. The Pentagon officially designated Anthropic a “supply chain risk.” Ironically, this spat propelled Claude to the #1 spot on the U.S. App Store. In Canada, Sophic client Kraken Robotics executed a massive growth move, acquiring Covelya Group for $615 million. The combined entity will have pro forma revenue of $365 million and 24% EBITDA margins. Canadian Defense startup, Dominion Dynamics committed $50 million to build a an “autonomous wingman.”

Last week, Dow Jones fell 1.3%, S&P 500 lost 0.4%, Nasdaq was down 0.95%, the weekend’s geopolitical developments could increase volatility next week. The market continues to grapple with the “AI as a headwind” thesis, as traditional software giants faced a reckoning. Salesforce and Snowflake stocks lost 5% and 2% respectively on decelerating growth forecasts. The most dramatic move was IBM’s 13% tumble following Anthropic’s claim that Claude Code can automate the modernization of 65 year old COBOL systems, direct strike at IBM’s high-margin mainframe services moat. Block co-founder Jack Dorsey said the company plans to lay off 40% of its staff as it believes AI tools can help a smaller workforce “do more and do it better.” Nvidia delivered stellar results, yet again including 73% revenue growth to US$68.1 billion. The company is doubling down on its ecosystem, joining Amazon and SoftBank in a massive US$110 billion funding round for OpenAI, which now equates to a US$730 billion pre-money valuation. Meta is diversifying its silicon supply, striking a 6-gigawatt compute deal with AMD that includes warrants for a 10% equity stake, signaling a shift toward co-designed, proprietary infrastructure. CoreWeave is seeking US$8.5 billion in new debt, but for the first time, it’s seeking a credit rating to appease wary lenders. Stripe is reportedly exploring a massive acquisition of PayPal. Netflix walked away from Warner Bros. Discovery, labeling the Paramount-Skydance bid “superior” and the financial math no longer attractive. In Canada, Sophic client, Cybeats Technologies secured a landmark OEM partnership with Keysight Technologies to operationalize SBOM management for safety-critical environments. CPPIB anchored a US$4 billion deal for Nordic data center operator atNorth. The Canadian federal government’s RDII initiative deployed its first $15 million into Ontario-based defense tech like Wolf Advanced Technology.