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Nvidia's forward PE ratio tumbles to lowest in eight months

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Increased analysts' estimates since Nvidia's strong quarterly report last week have left the world's most valuable chipmaker trading at its lowest forward earnings multiple in eight months. Nvidia's stock added nearly 2% to $468 on Monday, leaving it down almost 1% since last Wednesday, when the Santa Clara, California company far exceeded expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for its chips. At that price, Nvidia shares are trading at the equivalent of around 33 times expected earnings over the next 12 months, according to Refinitiv data.

Diesel fuel prices are rising. That could pose a problem for retailers going into the the fall months.FREDERICTON — The attempt by the New Brunswick government to protect private property owners from a major land claim by a First Nation is "irresponsible," say the chiefs who are advancing the claim for title to a large part of the province.

Reports that X's downloads decreased after Elon Musk's rebranding of the microblogging social network only tell part of the story. Twitter's renaming also saw its weekly active users drop 4% over the following weeks after the rebrand , while the X app fell four spots in the Overall category rankings to No. 36, according to a new analysis from app intelligence firm Sensor Tower.

 

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