AnalytixInsight

Last week, Nasdaq and S&P 500 both gained 1.1%, while Dow Jones gained 1.2% – the fifth straight weekly rise for all major indices. Cerebras Systems is likely to postpone its IPO. CoreWeave, an Nvidia-backed AI startup that rents out chips to other companies, announced that it has a new US$650 million credit line to expand its business and data center portfolio. Shortseller Hindenburg accused Roblox of inflated metrics. Tesla CEO Elon Musk unveiled autonomous Robotaxis he says will be available in 2026. Google’s grip on search appears to be slipping as TikTok and AI startups mount challenges. The Justice Department said Tuesday that it may ask a federal judge to force Google to divest Chrome, Google Play and Android, in order to fix Google’s illegal monopoly in general search engines and search text advertising. More than a dozen US states sued TikTok over allegedly harming kids, and the company has reportedly earmarked US$1 billion for future EU privacy fines. Delta Air Lines spent US$170 million on customer and crew-related costs in the wake of the CrowdStrike outage in the summer. Apple will sell its TV+ service on Amazon Prime video. In Canada, Sophic Client Plurilock and CrowdStrike partnered to secure critical infrastructure and organizations. Plurilock also announced a new US$1.7 million sale with an existing client, a major semiconductor manufacturer. Sophic Client, Kraken Robotics was featured in Motley Fool as a no-brainer tech stock to buy right now for less than $200. Sophic Client American Aires announced a partnership with dynamic UFC Lightweight title contender Michael Chandler. Sophic Client NowVertical highlighted a solution that provides simplified data management and provides greater transparency into partner marketing activities. Sophic Client Xcyte Digital, unveiled advanced AI capabilities.

Last week, Dow Jones rose 0.1% and hit a record close, S&P 500 rose 0.2%, and Nasdaq composite was up 0.1%. That said, 10-year Treasury yield spiked 23 basis points to 3.98%, for its biggest weekly gain in nearly a year, two-year yield, which is more closely tied to Fed policy, shot up the most in two years by 37 basis points, to 3.93%. U.S. startups raised US$37.5 billion in the three months ended in September, up 8% y/y. OpenAI completed a US$6.6 billion raise, that values the company at US$157 billion post-money. The company also secured a US$4 billion revolving credit line. OpenAI also told employees Wednesday it plans to allow them to sell some of their stock through a tender offer. Cerebras, which designs chips for training and running AImodels, disclosed in its IPO that it lost US$127 million last year on US$78 million in revenue. Shein is hosting informal roadshows in London and New York in preparation for the company’s IPO on the London Stock Exchange. Accenture will train 30,000 employees on Nvidia’s full stack of AI technologies and start a new business group dedicated to AI. Google is considering nuclear power to feed its energy-hungry AI data centers. Kalshi, a prediction market startup, went live with its betting market that allows U.S. users to bet on who will win the November presidential election. In Canada, Toronto-based, Koho Financial raised a $190 million round of debt and equity funding as it continues its efforts to secure a Schedule 1 banking licence. Sophic Client, upsized its bought deal to $45 million from $25 million, the stock is trading above deal price, which bodes well. Sophic Client, Clear Blue Technologies closed a Convertible Debenture financing, raising $2.2 million. Sophic Client, Plurilock signed a US$19.3 million contract with a S&P 500 semiconductor company, and also announced nearly US$2 million of Critical Services contracts. Sophic Client, American Aires expects to receive mass media exposure through upcoming appearance on Military Makeover with Montel.