AnalytixInsight

Last week, Dow Jones fell 0.5%, S&P 500 lost 0.2%, and Nasdaq composite was down 0.5%. Tariff headlines, mixed earnings and economic data made for a choppy week. Cybersecurity company SailPoint is hoping to go public, in a US$11.5 billion IPO. Crypto exchange, Gemini, is also weighing an IPO. Anduril is in talks to invest about US$2.5 billion at a US$28 billion pre money valuation — more than 2x its last financing announced in August. President Donald Trump signed an executive order on Monday to create a sovereign wealth fund for the U.S., telling reporters later that it could buy part of TikTok. Palantir stock rose 23% after-hours after reporting a strong Q4 and providing strong guidance. Amazon reported 10% sales growth, shares were roughly flat in after hours trading on Thursday. Google’s revenue growth slowed slightly, and shares fell 7% as investors still await the company’s AI boost. Shares of AMD dropped nearly 9% in after-hours trading as investors reacted to the company’s tepid sales forecast. Roblox shares plunged 11.1% after the gaming platform fell short of Wall Street’s bookings and daily active user estimates. Bill Ackman said his hedge fund owns 30.3 million shares of Uber as it started building a position in January. In Canada, Converge Technology Solutions will be acquired for $5.50/sh in cash, representing ~56% and 57% premiums to the closing price and 30-day VWAP on the last trading day prior to the announcement of the transaction. Lightspeed will remain public company after a strategic review. Sophic Client, Intermap announced a $5 million Bought Deal offering. Sophic Client, Cybeats closed the final tranche of its Non-Brokered Offering, raising over $2 million in total proceeds. Sophic Clients Boardwalktech, and Plurilock announced progress with their businesses. Canada’s StackAdapt raised $235 million for its AI-based programmatic platform, in one of the largest Canadian start up funding rounds.

Last week, Dow Jones was up 0.3%, S&P 500 lost 1%, and Nasdaq was down 1.6%. The week was especially volatile, AI plays were down Monday on DeepSeek concerns, and then had a strong week, until US tariff developments sent stocks down again Friday afternoon. Nvidia, Broadcom and Marvell and other U.S. firms that design AI chips each fell more than 17% Monday, Apple, however rose 3% — as some market participants suggested the DeepSeek model bodes well for on-device light LLMs. Meta CEO Mark Zuckerberg said the tech giant would invest “very heavily” in AI — even “hundreds of billions of dollars” — over the long term, during Meta’s earnings call on Wednesday. OpenAI is in talks with SoftBank to raise US$40 billion in a new funding at around a US$300 billion post-money valuation. Microsoft is one of the companies in talks to acquire TikTok’s US operations, President Donald Trump told reporters on Monday. A decision on TikTok’s future in the US is expected in 30 days. In Canada, Sophic Client, Legend Power Systems closed the final tranche of its Non-Brokered Private Placement, raising a total of $1.6 million. Sophic Client, Plurilock closed an Over-Subscribed Special Warrant Offering, for gross proceeds of nearly $5 million. Sophic Client American Aires announced record preliminary Q4/2024 performance & provided 2025 guidance. Cash and Inventory Balances were a record $6.5 million. Management expects 2025 sales in the $28 million to $32 million range, and EBITDA in the range of a $2 million loss to a $2 million profit. From January 1 through January 24, order volumes grew 111% y/y. Q4/2024 set yet another quarterly record with $8.8 million in sales, up 135% y/y. Additionally, Sophic Clients, Cybeats, Legend Power and Plurilock, all announced progress in their respective businesses.

Last week, Dow Jones gained 2.15%, S&P 500 was up 1.7%, and Nasdaq rose 1.65%, despite Friday’s modest losses. Magnificent Seven stocks Tesla, Meta, Microsoft, and Apple will report earnings this coming week, and could provide clues about planned AI capex – with read throughs to a broad range of stocks. French AI startup Mistral, often billed as Europe’s answer to OpenAI, plans to IPO. Space tech company Voyager is aiming for a multibillion-valuation IPO. OpenAI will team up with SoftBank, and Oracle to build multiple data centers for AI in the U.S. The joint venture, called the Stargate Project. The companies expect to commit US$100 billion to Stargate initially and pour up to US$500 billion into the venture over the next four years. Microsoft is also involved in Stargate as a tech partner. So are Arm and Nvidia. The massive venture will reportedly be powered, at least in part, by solar and batteries. OpenAI announced a new ChatGPT feature called “Operator” that will automate complex tasks typically done through the Web browser, such as planning trips or ordering groceries. Google invested a further US$1 billion in OpenAI rival Anthropic. Hard drive firm Seagate sees surging cloud, AI demand. Meta will boost its capex 60% this year to develop AI data centers. ByteDance plans US$20 billion capex in 2025, mostly on AI. President Trump signed an executive order on Thursday to promote digital assets in the U.S., including evaluating the possibility of creating a national digital asset stockpile. The SEC withdrew previous crypto accounting guidance. In Canada, Raymond James launched research coverage with a $3.50/share price target on Sophic Client, Kraken Robotics. Sophic Client Xcyte Digital completed the purchase of former Streamlined Communications LLC. assets. The total consideration of US$3.56 million is comprised of cash, debt and stock. Sophic Client, Boardwalktech, and LTIMindtree expanded their relationship with global banking clients.