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

Markets are mixed to start the week as investors prepare for a series of major catalysts, including Nvidia earnings, Federal Reserve developments, and ongoing geopolitical tensions involving Iran. The TSX is up 0.02%, while the TSX Venture Index is higher by 1.02%, supported by strength in junior resource names. In the U.S., the Dow is up 0.28%, but the Nasdaq is down 1.38% as technology shares pull back ahead of a pivotal week for AI-related stocks.

Investor attention remains focused on Tech stocks today: All eyes on Nvidia as Meta trial resumes, while Wall Street drifts ahead of a big week that could swing stocks and bonds highlights the cautious tone across global markets. Bitcoin continues its powerful rally after a volatile week, while the Canadian dollar remains under pressure amid growing trade tensions and renewed tariff concerns. Canadian Dollar Tumbles as Trade Rift Threatens Growth Outlook underscores the pressure facing Canadian assets as trade negotiations remain in focus.

Market numbers

TSX: Up (+0.02%) 36,628.18

TSXV: Up (+1.02%) 998.47

DOW: Up (+0.28%) 53,405.3

NASDAQ: Down (‑1.38%) 28,906.1

FTSE 100: Up (+0.34%) 10,840.66

In the headlines

  • Nvidia earnings take centre stage: Nvidia (TSX:NVDA), the world’s dominant AI-chip manufacturer, is entering earnings week with a market valuation approaching $5.2 trillion. Investors are looking for continued strength in AI infrastructure spending, data-centre demand, and forward guidance capable of justifying its historic valuation.
  • Agnico Eagle invests in Radisson Mining: Agnico Eagle (TSX:AEM) is investing $57 million into Radisson Mining Resources, expanding its exposure to exploration assets in Quebec and reinforcing confidence in long-term Canadian gold development.
  • Canada tariffs set for September 8: Prime Minister Mark Carney confirmed new retaliatory tariffs on certain U.S. goods are scheduled to begin September 8, escalating trade tensions and renewing calls from eastern premiers to support locally produced goods.

Currencies

USD: Down (‑0.50%) $0.7225

GBP: Down (‑0.45%) $0.5296

EUR: Down (‑0.38%) $0.61975

JPY: Down (‑0.38%) ¥115.055

AUD: Down (‑0.37%) $1.0088

Bitcoin (BTC/CAD): Up (+0.99%) 107,352.3

(Conversion to C$1)

Commodities

Copper: Up (+0.74%) 6.72074

Gold: Up (+1.41%) 4,668.75

WTI: Down (‑1.33%) 85.50

Natural Gas: Up (+2.93%) 2.813

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Join the discussion: Find out what everybody’s saying about Nvidia and Agnico Eagle on August 24th, 2026, on Stockhouse’s stock forums and message boards.


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