Synthetic intelligence (AI) will nonetheless be the “in” factor in know-how in 2026, although the outlook is extra mature. The early adoption section or the deal with coaching and constructing fashions is over, in accordance with Jamie Murray, President of The Murray Wealth Group. AI is now within the interference section or the manufacturing stage of its lifecycle.
In Canada, buyers ought to be careful for AI-powered tech shares. Shopify (TSX: SHOP) and OpenText (TSX:OTEX) might dominate this 12 months. Pc Modelling Group (TSX: CMG) flies underneath the radar however is a robust contender.
Agentic commerce
Shopify made a robust comeback in 2025, aided by the aggressive adoption of AI brokers. The e-commerce big, with its market cap of $247.5 billion, is Canada’s second-largest publicly listed firm. As an AI commerce infrastructure supplier, Shopify is rebuilding commerce.
The corporate captures retailers of all sizes, grows with them, and empowers the companies to thrive in right this moment’s digital-first economic system. Shopify has huge information, given the thousands and thousands of retailers and billions of transactions. Sidekick, its AI-enabled commerce assistant, performs task-consuming duties and improves retailer high quality.
Shopify has reclaimed its tech famous person standing. It rewarded buyers with a 44% optimistic return in 2025. Additionally, in Q3 2025, complete income, working earnings, and free money movement (FCF) elevated 32%, 21%, and 20% year-over-year to US$2.8 billion, US$343 million, and US$507 million, respectively. For those who make investments right this moment, SHOP trades at $189.04 per share.
Enterprise reminiscence
Institutional information, particularly Enterprise Info Administration (EIM), is OpenText’s area. The $9.9 billion Cloud and AI firm serves the highest world corporations and acts as a custodian of HR information and provide chain contracts. Different main use circumstances are authorized compliance and personal AI coaching.
OTEX additionally appeals to income-focused buyers. At $39.52 per share, this AI inventory pays a horny 3.8% dividend. The Q1 fiscal 2026 (three months ending September 30, 2025) outcomes affirm that the payouts are sustainable. Internet earnings (GAAP) climbed 73.8% year-over-year to $147 million, whereas FCF reached $101 million in comparison with -$117 million in Q1 fiscal 2025.
Its Interim CEO, James McGourlay, mentioned the power of OTEX’s working mannequin and the Content material Administration cloud enterprise are the drivers of progress.
Reservoir simulation
Pc Modelling Group supplies reservoir simulation software program for the oil and fuel trade. The $416 million software program and consulting know-how firm makes use of AI for oil restoration and carbon seize. CMG’s reservoir simulation options function a scalable, extensible workflow.
The tech inventory flies underneath the radar however has seen progress potential. CMG trades at $5.03 per share and pays a modest 0.8% dividend. Primarily based on market analysts’ 12-month worth targets, the upside potential is between 37% (common) and 99% (excessive).
Within the first half of fiscal 2026 (six months ending September 30, 2025), recurring income rose 10% year-over-year to $41.6 million, whereas web earnings declined 22% to $6 million from a 12 months in the past. Pramod Jain, CEO of CMG, mentioned the outcomes mirrored trade headwinds. Nonetheless, he’s assured that reservoir simulation progress has floor to get well.
Robust buys and watchlisted
Shopify and OpenText are well-positioned to dominate the AI panorama in world commerce and EIM, respectively. Pc Modelling faces challenges however has a robust basis in a distinct segment market.