Last week, Dow Jones lost 1.2%, S&P 500 was down 2.1%, Nasdaq composite lost 3.15%, and fell below the lows of the post election gap up. The 10-year jumped 12 basis points to 4.43%. Fed chief Jerome Powell on Thursday signaled that the Fed is in “no hurry,”. CoreWeave closed a US$650 million secondary share sale at US$23 billion valuation, a 3x increase in valuation over the past year. Trump’s win has stoked defense tech bulls, despite talk of a bubble — at US$14 billion, investors have valued Anduril between 18 and 19x this year’s expected sales, traditional defense contractors, which are profitable but grow much more slowly, are valued at ~1-2x sales. Shares of electric vehicle companies including Tesla fell Thursday after a report that the incoming Trump administration hopes to end US$7,500 consumer tax credits on the purchase of EVs. Tesla shares fell almost 6% after the Reuters report. Amazon is developing smart glasses for delivery workers, Reuters reported Monday. Apple is developing surveillance camera amid smart home push. OpenAI discussed plans for an AI data center that could cost US$100 billion. OpenAI is preparing to launch a new AI agent that can use a computer to take actions on a person’s behalf, such as writing code or booking travel, according to two people familiar with the matter. In Canada, Shopify stock was up more than 20% on revenue, margin growth. Sophic Client Intermap announced Q3 revenue grew 241% year-over-year, the stock closed the week up nearly 20%. Sophic Client, NowVertical Group reported Q3 results, which put the company on a path to achieving annual EBITDA of US$10 million, by achieving annual revenue of US$50 million and a best-in-class 20% EBITDA margin, the stock closed the week up around 150%. Sophic Client, ADM Endeavors reported Q3 results, revenue grew 12% y/y, the company is pursuing new school uniform opportunities and has hidden asset value in its new facility. Sophic Client, Plurilock announced a $5.4 million order with a law enforcement agency, and provided a corporate update.
