Synthetic intelligence (AI) is quick turning into a core a part of how companies function and develop. From automating workflows to enhancing decision-making, AI is continuous to reshape industries at a speedy tempo. And the size of funding going into this shift is huge. Based on a latest CNBC report, main tech giants like Amazon, Microsoft, Alphabet, and Meta are anticipated to collectively spend near US$700 billion on AI infrastructure in 2026 alone.
For traders, this highlights simply how large the chance has turn out to be. But it surely additionally reveals that actual worth is being constructed behind the scenes — by means of information centres, computing energy, and platforms that allow AI to perform at scale.
On this article, let’s take a better have a look at two Canadian shares which might be positioning themselves to learn from this highly effective pattern.
Supply: Getty Pictures
Keel Infrastructure inventory: A shift towards AI infrastructure
As AI adoption accelerates, the demand for computing energy and information infrastructure is rising simply as shortly. That is the place Keel Infrastructure (TSX:KEEL) is carving out its area. The corporate has undergone a serious transformation these days, shifting away from Bitcoin mining to focus fully on high-performance computing (HPC) and AI infrastructure. This main change aligns intently with the place the business is heading.
To place it merely, Keel generates income by offering energy-backed information centre websites designed for AI workloads. Its inventory has gained 237% during the last yr to presently commerce at $3.91 per share with a market cap of $2.4 billion, reflecting rising investor curiosity in its new path.
From a monetary standpoint, the corporate reported US$229 million in income in 2025, marking a 72% year-over-year (YoY) enhance. Whereas it posted an working lack of US$150 million, its adjusted EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization) got here in at US$29 million, which was about 13% of whole income, displaying underlying operational power.
In the meantime, its steadiness sheet stays sturdy. With $520 million in liquidity, together with money and unencumbered Bitcoin, Keel has the sources to proceed increasing its footprint.
Its improvement pipeline of round 2.2 gigawatts throughout key North American areas like Pennsylvania, Washington, and Québec positions it nicely to fulfill rising demand for AI infrastructure within the coming years.
Shopify inventory: A confirmed platform benefiting from AI-driven commerce
Whereas infrastructure is one facet of the AI story, software is the opposite. And that’s the place Shopify (TSX:SHOP) is strengthening its presence. As a world commerce platform, it permits companies to promote throughout on-line, in-store, and digital channels. As extra retailers undertake AI instruments to optimize operations, personalize buyer experiences, and enhance effectivity, Shopify is turning into an much more priceless platform.
After leaping 59% within the final yr, SHOP inventory is presently buying and selling at round $184.53 per share with a market cap of about $240 billion.
Its platform integrates a number of gross sales channels into one system, permitting retailers to handle all the pieces from stock to funds in a single place. This unified method makes it simpler to include AI-driven instruments and options, that are anticipated to additional improve its worth proposition. As Shopify continues to spend money on AI-powered innovation, its inventory might proceed to learn from this quickly rising pattern.
Why these shares may gain advantage from the AI increase
The AI alternative isn’t restricted to at least one kind of enterprise. It spans infrastructure, software program, and platforms – and each of those firms are tapping into completely different elements of that ecosystem.
Keel Infrastructure affords publicity to the rising demand for computing energy, which is crucial for coaching and working AI fashions. On the similar time, Shopify advantages from the rising use of AI in commerce, serving to companies function extra effectively and scale sooner.
For long-term traders, having publicity to each side of this pattern may very well be a wise method to seize the complete potential of the AI increase.
