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

November 02, 2025: Busy Week, Major Indices End Up

Last week, Dow Jones gained 0.75%, S&P 500 was up 0.7%, Nasdaq composite rose 2.2%. Markets navigated a very busy week successfully, aided by an expected Federal Reserve rate cut, even as odds for a December cut were lowered. President Trump met with his Chinese counterpart Xi Jinping. Mag 7 earnings suggest the AI trade/Capex build continues to roll on. OpenAI has recapitalized into a Public Benefit Corp, clearing a path to future fundraising/IPO. Microsoft now holds 27% equity, keeps its IP access through 2032, and OpenAI has committed an additional US$250 billion in Azure spend over time. Street chatter points to a potential late 2026/2027 IPO, which if realized, would anchor AI leader multiples. Meta is preparing a ≥US $25 billion bond sale to fund AI opex/capex. Alphabet reported Google Cloud grew +34% y/y, with profitability up sharply. Amazon’s AWS growth re-accelerated to ~20%, easing share-loss fears. Apple guided to double-digit iPhone holiday growth. Nvidia’s order book shows >US$500 billion in orders through 2026, and the company announced a deal to supply 50,000 GPUs to Samsung, sending its market cap over US$5 trillion. Qualcomm stock rose on a deal to provide AI chips to Saudi Arabia. Skyworks will buy Qorvo in a US$10.6B deal. PE firm Francisco Partners will take Jamf private in a US$2.2 billion deal. Navan fell on its IPO debut. Fiserv stock fell 40%+ after a 2025 guide reset. Anduril opened an Australian plant for Ghost Shark undersea drones. UK orders next-gen naval UUV fleet for mine-clearing/infrastructure protection. Fincantieri unveiled DEEP integrated underwater drone/sensor system. In Canada, Wealthsimple announced a Series E round of up to $750 million at a $10 billion post valuation (2x since last year) after assets grew to a $100 billion goal three years early. Invest Ottawa unveiled an NCR Defence Innovation Hub targeting $3 billion in public-private investment over five year. In news pertaining to Sophic Clients, Renoworks announced key wins. Ionik sells SCS assets for US$1.2 million. Plurilock’s insiders/employees bought ~531k shares, and the company closed a $3 million debenture financing.

Invesment News in the Past Weeks

October 11, 2020

After around 15 years of covering Canadian technology stocks, we’re very encouraged to begin see an increasing number of high quality Canadian companies go public or consider going public, which enables average investors to benefit from innovation driven wealth creation. In this regard, we’ve recently seen news pertaining to BBTV, Cymax and Nuvei.

October 04, 2020

Last week saw healthy levels of financing across the Canadian tech ecosystem, in both public and private markets. South of the border, Roblox should be an interesting stock to watch out for. Newsflow seems to be focused more on regulatory issues, and the CEOs of Facebook, Google, Twitter are expected to testify to the U.S. Senate before the election.

September 27, 2020

IPO activity in the USA cooled a bit after a few heated weeks, while M&A kept chugging along. In Canada, publicly listed technology companies announed ~$85 million in bought deals.

September 20, 2020

It’s great to see Nuvei have a successful IPO on the TSX last week — we believe robust IPOs are a very important part of the Canadian public markets ecosystem, even as US capital markets rediscover SPACs. Canadian VC also reported strong activity.

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).