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

The TSX is up 0.23%, while the TSX Venture Index is ahead 1.15%, as Canadian markets extend their strength after the TSX hit a record high on hopes of progress toward a U.S.–Iran deal. U.S. markets are also firmer, with the Dow up 0.04% and the Nasdaq gaining 0.80% as technology leads early trading and chip stocks rebound. London’s FTSE 100 is nearly flat, down just 0.01%, as investors digest CPI data and shifting currency moves.

Commodities are mixed. Gold is up 1.17%, while copper is also higher as investors maintain exposure to metals. Oil is lower, with WTI down 0.75%, even as broader energy and geopolitical headlines remain active. Natural gas is up more than 1%. Bitcoin is also higher in Canadian-dollar terms, gaining 0.62%, while the loonie strengthens against the U.S. dollar but weakens against the yen and Australian dollar.

Market numbers

TSX: Up (+0.23%) 36,558.82

TSXV: Up (+1.15%) 977.72

DOW: Up (+0.04%) 53,824.0

NASDAQ: Up (+0.80%) 29,778.7

FTSE 100: Down (‑0.01%) 10,815.94

In the headlines

  • CoreWeave surges as AI demand accelerates: CoreWeave (NDAQ:CRWV), the AI cloud infrastructure company focused on high-performance compute, jumped as demand for AI capacity continues to explode. Investors are also watching rising spending levels, as the company races to expand infrastructure for large-scale AI workloads.
  • CodeRabbit reaches $1.5B valuation: CodeRabbit, the Nvidia-backed AI code review startup, was valued at $1.5 billion in a new funding round. The company is benefiting from demand for tools that help identify flaws in AI-generated software code as adoption of AI coding tools accelerates.

Currencies

USD: Up (+0.07%) $0.7182

GBP: Flat (0.00%) $0.5312

EUR: Up (+0.03%) $0.62236

JPY: Down (‑0.10%) ¥114.279

AUD: Down (‑0.24%) $1.0144

Bitcoin (BTC/CAD): Up (+0.62%) 89,005.7

(Conversion to C$1)

Commodities

Copper: Up (+0.37%) 6.72451

Gold: Up (+1.17%) 4,419.26

WTI: Down (‑0.75%) 81.24

Natural Gas: Up (+1.08%) 2.802

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