Synthetic intelligence (AI) is quick changing 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 fast tempo. And the dimensions of funding going into this shift is huge. Based on a current 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 huge the chance has develop into. However it additionally reveals that actual worth is being constructed behind the scenes — via information centres, computing energy, and platforms that allow AI to operate at scale.
On this article, let’s take a better take a look at two Canadian shares which are 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 house. The corporate has undergone a significant transformation these days, shifting away from Bitcoin mining to focus completely on high-performance computing (HPC) and AI infrastructure. This main change aligns carefully 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 at the moment commerce at $3.91 per share with a market cap of $2.4 billion, reflecting rising investor curiosity in its new route.
From a monetary standpoint, the corporate reported US$229 million in income in 2025, marking a 72% year-over-year (YoY) improve. 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 complete income, exhibiting underlying operational energy.
In the meantime, its stability sheet stays robust. With $520 million in liquidity, together with money and unencumbered Bitcoin, Keel has the assets to proceed increasing its footprint.
Its growth 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 aspect of the AI story, utility is the opposite. And that’s the place Shopify (TSX:SHOP) is strengthening its presence. As a worldwide 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 changing into an much more worthwhile platform.
After leaping 59% within the final yr, SHOP inventory is at the moment 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 the whole lot 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 put money into AI-powered innovation, its inventory could proceed to learn from this quickly rising pattern.
Why these shares may benefit from the AI growth
The AI alternative isn’t restricted to at least one sort of enterprise. It spans infrastructure, software program, and platforms – and each of those firms are tapping into totally different elements of that ecosystem.
Keel Infrastructure affords publicity to the rising demand for computing energy, which is crucial for coaching and operating AI fashions. On the identical time, Shopify advantages from the rising use of AI in commerce, serving to companies function extra effectively and scale quicker.
For long-term traders, having publicity to either side of this pattern might be a wise technique to seize the complete potential of the AI growth.
