Weekly Investment News and Analysis

Last week, Dow Jones, S&P 500 and Nasdaq composite all fell ~2%. US 10-year Treasury yield rose 11 bps 4.39%, for its highest close since last July, yields have risen globally. Markets now expect a modest chance of a rate hike in 2026, despite Fed signals. On the back of its GTC event, Nvidia dominated tech headlines, CEO Jensen Huang projected US$1 trillion in revenue from Blackwell and Rubin AI chips through 2027. This bullish outlook aligns with massive infrastructure spends, including Meta’s US$27 billion deal with Nebius Group for AI data centers. Nvidia unveiled NemoClaw agent software and a Groq-based chip system, while also restarting H200 manufacturing for the China market despite ongoing regulatory friction. Jeff Bezos is reportedly raising a US$100 billion fund for AI-driven manufacturing, and his space firm Blue Origin filed for a 51,600-satellite constellation for orbital AI compute. Prediction market Kalshi is raising US$1 billion at a US$22 billion valuation. Uber committed US$1.25 billion to Rivian for a future robotaxi fleet. Mastercard will acquire stablecoin startup BVNK for US$1.8 billion. The “AI hangover” continues to impact traditional software. Intuit leadership canceled stock sales and accelerated US$3.5 billion in buybacks. JPMorgan halted a US$5.3 billion debt deal for Qualtrics. A jury found Elon Musk liable for misleading Twitter investors. The DOJ charged Supermicro employees with smuggling US$2.5 billion in AI servers to China. In Canada, the federal government committed $225 million to advance sovereign space launch, headlined by a $200 million lease at Maritime Launch Services’ Nova Scotia spaceport. Calgary-based CoolIT Systems will be acquired by Ecolab for US$4.75 billion. In news pertaining to Sophic clients, Kraken Robotics announced $24 million in new defense orders across five countries. Cybeats Technologies secured its first automotive contract for its SBOM Studio. Boardwalktech signed a new Silicon Valley semiconductor client and expanded its AI-driven Unity Central platform with an international chemical firm.