Weekly Investment News and Analysis

Last week, Dow Jones rose 0.5%, S&P 500 gained 0.3%, Nasdaq composite was up 0.9%. Major indices are once again approaching record highs. With the Fed expected to cut rates Wednesday, investors will focus on rate outlook for 2026. SpaceX is eyeing a secondary sale at an US$800 billion valuation, making it the second highest valued private company in the US. Wealthfront is road-showing for a US$2.1 billion IPO. Chinese GPU designer Moore Threads priced a heavily oversubscribed US$1.1 billion IPO in Shanghai. Anthropic is reportedly preparing one of the largest tech IPOs ever, and exploring a private raise above US$300 billion valuation. Nvidia invested US$2 billion into chip designer, Synopsys. Marvell will acquire Celestial AI, for up to US$5.5 billion to deepen its optical interconnect/data-center stack. OpenAI’s partners SoftBank, Oracle, CoreWeave and others are on track to amass ~US$100 billion in related debt. Morgan Stanley is exploring risk transfer on AI data-center loans. Amazon rolled out its Trainium3 AI accelerator, with Anthropic already a flagship customer. Prediction markets provider, Kalshi raised US$1 billion at an US$11 billion valuation. Netflix’s proposed US$72 billion acquisition of Warner Bros./HBO will create a media giant. The deal’s large break-fee, potential regulatory hurdles, Netflix’s stock reaction and speculation of a hostile bid from Paramount could provide an interesting play for M&A arb funds. Meta’s purchase of wearable-AI startup, Limitless highlights its interest in media and AI devices, even as Meta reportedly plans deep cuts to metaverse spend to fund AI. Shopify reported a strong Black Friday/Cyber Monday, however industry anecdotes suggest increases in average basket size was driven more by inflation vs. more items being purchased. In news pertaining to Sophic clients, Kraken Robotics secured ~$12 million in new orders, and added seasoned defence/finance leaders to its board and executive team. Plurilock announced landed a US$1.24 million contract with a Nasdaq-listed semiconductor customer. The Company also promoted its long-time finance lead to CFO. Cybeats strengthened its advisory bench with an SBOM pioneer. Renoworks presented to microcap investors in Montreal