Last week, Dow Jones rose 0.55%, S&P 500 gained 0.9%, Nasdaq composite was up 1.1%. Google came out on top after a big earnings week, which raised hyperscalers’ capex plans in the AI ecosystem. Alphabet and AWS reported revenue jumps of 22% and 28% respectively. Apple’s iPhone rebound continued with 22% growth. Meanwhile, Meta and Microsoft signaled aggressive AI infrastructure investment. Atlassian shares rose nearly 25% as AI search boosted product sales, sparking commentary that it could be time to re-enter software stocks after SaaSpocalypse. Anthropic is reportedly seeing investor interest at a US$900 billion valuation, supported by a US$20 billion convertible financing from Amazon. OpenAI reportedly missed internal Q1/26 goals but is maintaining its US$30 billion revenue target for 2026. SpaceX is targeting a mid-June IPO at a US$1 trillion valuation. S&P 500 is considering easing index entry rules for newly listed mega-cap stocks, following in Nasdaq’s footsteps. GameStop is reportedly preparing a bid for eBay. Chinese regulators blocked Meta’s US$2 billion acquisition of AI agent startup Manus. In Canada, the federal government has been selected to headquarter the new multinational Defence, Security and Resilience Bank (DSRB). B.C.-based General Fusion announced plans to go public on the Nasdaq via a US$1 billion SPAC merger. In news pertaining to Sophic clients, Juno Industries completed an oversubscribed $12 million financing to support its platform of defence solutions. Cybeats reported 2025 revenue growth of 49% y/y, and is targeting US$5 million in ARR by Q2 2026. Replenish Nutrients Q4 results highlighted the company’s transition to high-margin commercialization at its Beiseker facility while advancing licensing deals in the U.S. and Alberta. Ionik reported record fiscal 2025 revenue of US$195.3 million and US$34.8 million in Adjusted EBITDA. Hybrid Power Solutions reported a 75% sequential revenue increase and a $12.5 million sales pipeline. and 01 Quantum elected post-quantum cryptography expert Dr. Edoardo Persichetti to its board.
