The Weekly Brief (As of April 16)
- Meta (META) and CoreWeave (CRWV) recently announced an expansion of their deal to $21 billion.
- Amazon (AMZN) released its annual shareholder letter outlining the company’s approach to AI and indicated that it is considering selling its own AI processors to third parties, increasing competition with Nvidia (NVDA) and AMD (AMD).
- Anthropic and CoreWeave (CRWV) announced that the two have entered into a multiyear agreement under which the AI cloud company will provide Anthropic with computing capabilities to build and power its AI models.
- GFL Environmental (GFL) announced it will acquire Secure Waste Infrastructure (SES) in a CAD$6.4 billion deal.
- Amazon (AMZN) signed an $11.57 billion deal with satellite firm Globalstar (GSAT) to challenge Musk’s Starlink.
- ASML Holding N.V. (ASML) reported earnings for its first quarter of 2026, with revenue coming in at €8.8 billion compared to €8.5 billion expected, while raising 2026 net sales guidance to between €36 billion and €40 billion from the previous forecast of €34 billion to €39 billion.
*Analysts of 5i Research responsible for this report have a financial or other interest in ASML, AMZN, NVDA, CRWV and META. The i2i Fund does not have a financial or other interest in securities mentioned. Clients of i2i Capital Managements Private Investment Counsel service (i2i PIC) may hold a financial interest in any companies discussed and the views of i2i PIC may differ from the views of 5i Research.
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Report Updates
We have posted report updates on TVK Industries (TVK) and MTY Food Group (MTY). TVK is a diversified industrial conglomerate serving energy, agriculture, mining, transportation, and data centre end markets - and one of Canada's most disciplined serial acquirers over the past decade. MTY is one of Canada's largest multi-brand restaurant franchisors, running 80+ QSR and casual dining concepts across 7,000+ locations in Canada and the US through an asset-light royalty model. One company just completed its largest-ever acquisition and is navigating the integration complexity that comes with growing into a mid-cap, while the other is leaning on buybacks and dividend hikes as organic growth remains elusive.
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