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

The TSX is up 0.08%, while the TSX Venture Index is higher by 1.46%, as Canadian markets open with a modestly positive tone while investors prepare for a busy week of Big Tech earnings and the latest Fed rate decision. In the U.S., the Dow is surging 1.13%, while the Nasdaq is down 0.60% as traders rotate beneath the surface, balancing AI enthusiasm with questions around capital spending and earnings quality. London’s FTSE 100 is also higher, up 0.82%, as global equities benefit from easing war jitters.

Commodities are mixed as Middle East risk cools. Oil is down more than 5% after reports that crude prices sank as U.S.–Iran tensions eased, while gold and copper are both higher as traders maintain exposure to defensive and industrial assets. Natural gas is lower, and Bitcoin is up nearly half a percent in Canadian-dollar terms, holding steady near 92,600 as traders await the Fed decision and fresh tech earnings catalysts.

Market numbers

TSX: Up (+0.08%) 35,395.84

TSXV: Up (+1.46%) 881.30

DOW: Up (+1.13%) 52,487.3

NASDAQ: Down (‑0.60%) 28,280.8

FTSE 100: Up (+0.82%) 10,800.91

In the headlines

  • La Caisse and Cinven to acquire Optio Group: La Caisse, the Quebec-based institutional investment manager, is partnering with private equity firm Cinven to acquire Optio Group, a U.K.-based specialty insurance underwriting platform. The deal expands La Caisse’s exposure to complex insurance markets and private equity opportunities in Europe.
  • Nvidia gains on OpenAI financing reports: Nvidia (TSX:NVDA), the dominant AI chipmaker and data-centre infrastructure supplier, gained after reports of a potential $250-billion OpenAI financing plan. The move keeps Nvidia at the center of the AI buildout narrative as investors watch whether the capital cycle can support continued demand for GPUs and infrastructure.
  • D-Wave leads quantum stocks higher: D-Wave Quantum (NYSE:QBTS), a quantum computing company focused on optimization and enterprise applications, led quantum names higher after AT&T expanded its computing partnership. The move highlights rising interest in quantum infrastructure as telecom and enterprise customers test next-generation computing tools.

Currencies

USD: Down (‑0.07%) $0.7086

GBP: Flat (0.00%) $0.5321

EUR: Down (‑0.11%) $0.62321

JPY: Down (‑0.15%) ¥116.080

AUD: Down (‑0.31%) $1.0127

Bitcoin (BTC/CAD): Up (+0.49%) 92,590.9

(Conversion to C$1)

Commodities

Copper: Up (+0.93%) 6.44067

Gold: Up (+0.82%) 4,086.28

WTI: Down (‑5.20%) 80.80

Natural Gas: Down (‑0.75%) 2.796

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