Weekly Cache

Weekly Investment News and Analysis

Please see what we’ve been reading in technology and ESG related investing this week. Please feel free to send us what you’ve found interesting.

Latest Investment News

October 05, 2025: Investors Looking Past US Federal Government Shutdown

Last week, Dow Jones gained 1.1%, S&P 500 index rose 1.1%, Nasdaq composite was up 1.3%, despite a modest pullback Friday. AI related stocks, nuclear names, quantum computing stocks remain strong. The OpenAI employee stock tender reportedly values the company at ~US$500 billion (with OpenAI now surpassing SpaceX as the highest valued private company). H1/25 revenue grew to US$4.3 billion and cash burn was US$2.5 billion. OpenAI will also reportedly release a TikTok-like social app alongside Sora 2. The new IPO Fermi, rallied to a ~US$21.5 valuation on its NASDAQ debut, despite no revenue, underscoring the land/power-AI adjacent trade. Wealthfront, Navan, TravelPerk, and Zelis Healthcare are planning IPOs. Meta will acquire chip startup Rivos, and OpenAI taps Samsung/SK Hynix for massive High Bandwidth Memory supply. Salesforce is targeting AI developers with a new vibe coding service. Stripe is pursuing federal and NY trust charters to power client-issued stablecoins. Amazon’s ‘NBA on Prime’ streams will include FanDuel bet tracking, shopping integration, and more. Wolfspeed shares surged 33% on Tuesday, after the chipmaker successfully emerged from Chapter 11 bankruptcy with a substantially reduced debt load. In Canada, Shopify partnered with OpenAI as ChatGPT rolls out in-app shopping and “Instant Checkout” sending its stock up ~6%. In news pertaining to Sophic clients, Intermap closed its upsized bought deal for C$28.75 million, including the full shoe. Boardwalktech signed a multi-year Velocity deployment with an NYSE-listed global pro-services firm for US$70K ARR and US$40K follow-on. Plurilock made a key executive appointment to scale higher-margin federal/defence across U.S., Canada, NATO markets. Kraken Robotics, completed brand integration with 3D at Depth.

Invesment News in the Past Weeks

September 13, 2020

Lots of activity in the Canadian VC space this past week, as well as Lightspeed’s NYSE debut. Sophic client, Kontrol (KNR-CSE) had positive news of another successful test of its Covid detection product, BioCloud.

September 6, 2020

We hope you’re enjoying the long weekend with your loved ones. Many high growth stocks pulled back on Thursday, and Friday to some extent – however, valuations still remain elevated. Interestingly a Financial Times piece on Friday suggested Softbank’s option trading could have been tech stocks higher over the summer.

August 30, 2020

Monday saw the one the highest number of SEC S-1 filings for high profile companies going public as we have seen in nearly fifteen years in capital markets. September, should be a very interesting month!

August 23, 2020

While the Tik-Tok drama continues to unfold, high profile companies including SpaceX, Robinhood, Airbnb, Ant Financial, Palantir move ahead to either raise capital or go public. Palantir also plans to move its headquarters from the Bay Area to Denver, which could aid the trend of tech companies being more widely located, which we believe is a tailwind for the Canadian tech ecosystem. For example, Odyssey Interactive’s founders previously worked in the United States but opted to establish the company in Canada, because of the strong startup ecosystem in Canada.

August 16, 2020

Epic Games and Facebook appear to be pushing back against app store policies, which could have far reaching implications. Several high profile companies are expected to go public this fall & Robinhood is garnering lots of attention (including, gracing the cover of this week’s Barrons).