Weekly Investment News and Analysis

Last week, as geopolitical tensions resurfaced once again, Dow Jones fell 1.3%, S&P 500 index lost 0.4%, and Nasdaq composite was down 0.6%. Voyager Technologies’ IPO surged 82%, reflecting strong investor appetite for space technology stocks. Crypto exchange Bullish confidentially filed for a U.S. IPO, continuing the trend set by Circle’s recent blockbuster debut. Meta finalized a substantial US$14.3 billion investment in Scale AI to accelerate superintelligence development. Databricks projected reaching US$3.7 billion annual revenue. Qualcomm announced it would acquire semiconductor firm Alphawave Semi for US$2.4 billion to bolster its data center capabilities, while DoorDash acquired Symbiosys for US$175 million to enhance its ad technology platform. OpenAI, despite competition, opted to rent chips from Google Cloud to expand its AI computing capabilities. OpenAI claims to have hit US$10 billion in annual revenue, and according to Sam Altman, AI will be able to have ‘novel insights’ next year. Nvidia’s CEO confidently predicted competitors’ AI chip projects would likely be canceled given Nvidia’s accelerating innovation. A more than two-fold gain in CoreWeave’s shares since the end of April has saddled short sellers with US$1.6 billion in paper losses. Snap plans to sell AR glasses in 2026. Walmart, Amazon, Expedia and other companies have explored whether to issue their own stablecoins in the US. Shopify announced it will be integrating stablecoin payments through partnerships with Coinbase and Stripe, marking a significant crypto expansion slated to roll out widely later this year. Thinkific announced a $13 million secondary share offering. In news pertaining to Sophic Capital clients, Boardwalktech renewed a key multi-year agreement with a major U.S. bank, expanding the use of its Velocity product, which has demonstrated strong ROI potential, further attracting other banks including entering proof-of-concept stages in Mexico.