AI Stocks Tumble as Anthropic Nears IPO Filing
AI Stocks Tumble as Anthropic Nears IPO Filing

The TSX is up 0.48%, while the TSX Venture Index is higher by 1.08%, as Canadian markets rise despite a mixed tone across global equities. U.S. markets are divided, with the Dow up 0.35% while the Nasdaq slips 0.33% as traders balance renewed chip-stock interest against pressure in AI-linked names. London’s FTSE 100 is a standout, climbing 1.33%, as global markets digest another jump in oil prices and continued currency volatility.

Commodities remain central to the morning’s macro setup. Oil is higher as conflict risks threaten key global transit routes, while gold is up sharply as investors maintain defensive exposure. Copper is slightly lower, natural gas is climbing, and Bitcoin is down in Canadian-dollar terms despite Coinbase rallying on hopes for legislative clarity around crypto markets.

Market numbers

TSX: Up (+0.48%) 35,538.25

TSXV: Up (+1.08%) 882.48

DOW: Up (+0.35%) 52,381.3

NASDAQ: Down (‑0.33%) 29,012.7

FTSE 100: Up (+1.33%) 10,736.63

In the headlines

  • Coinbase jumps ahead of CLARITY Act vote: Coinbase (NDAQ:COIN) — the U.S. cryptocurrency exchange — rose sharply as traders looked ahead to a Senate vote on the CLARITY Act. The move reflects renewed optimism that clearer crypto regulation could support trading volumes and institutional adoption.
  • Rogers posts Q2 loss tied to MLSE charge: Rogers Communications (TSX:RCI.A) — the Canadian telecom and media company — reported a second-quarter loss after taking a charge related to its Maple Leaf Sports and Entertainment deal. Investors are weighing the long-term strategic value of the sports investment against near-term financial pressure.
  • GE Vernova slips despite AI-driven orders: GE Vernova (NYSE:GEV) — the power equipment and energy infrastructure company — fell despite surging orders tied to AI-related electricity demand. Weakness in its wind segment dragged on sentiment, offsetting strength in power and grid-related businesses.

Currencies

USD: Up (+0.16%) $0.7095

GBP: Up (+0.15%) $0.5301

EUR: Up (+0.01%) $0.62185

JPY: Up (+0.06%) ¥115.746

AUD: Up (+0.22%) $1.0142

Bitcoin (BTC/CAD): Down (‑1.23%) 92,759.

(Conversion to C$1)

Commodities

Copper: Down (‑0.24%) 6.54850

Gold: Up (+1.74%) 4,148.82

WTI: Up (+1.46%) 83.50

Natural Gas: Up (+1.72%) 2.899

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