Nvidia eclipses Microsoft as world's most valuable company

A sign for a Nvidia building is shown in Santa Clara, Calif., May 31, 2023. Nvidia became the world's most valuable company on Tuesday, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a race to dominate a surge in artificial intelligence technology.

Nvidia commands more than 80 per cent of the market share for AI chips, making it a major winner from surging AI development. Since its blowout forecast about a year ago, the company has consistently breezed past Wall Street's lofty expectations for revenue and profit, with demand for its graphics processors far outstripping supply as companies rush to embed AI applications.

Nvidia is trading at 44 times expected earnings, down from over 84 times expected earnings about a year ago, LSEG data showed.With just a few days standing between MPs and summertime in their ridings, the pressure is on the federal Liberals clear their legislative priority list. Meanwhile, the Conservatives are pushing for House of Commons committees to keep working through the summer.A smartphone made for kids has launched in Canada.

McGill University says it is ending negotiations with pro-Palestinian activists who are occupying the lower field of its downtown Montreal campus.Now that repairs are complete on a catastrophic water main break in Calgary and work is underway on multiple other locations, Calgary's mayor says a third-party review will be launched into what happened.Police remain on scene this morning following a triple fatal shooting inside an office space in North York on Monday afternoon.

The federal government is dodging questions about whether artificial intelligence companies should be paying Canadian news publishers for content their chatbots are openly using.Gordon Ramsay says he's 'lucky' to be alive, shows off severe bruising after cycling accidentKevin Costner wants you to know that his new film, the first part of 'Horizon: An American Saga,' is not three hours long.

Since 2008, Ralph Lauren has outfitted Team USA at nine consecutive Olympics and Paralympics, designing uniforms for athletes to wear at opening and closing ceremonies as well as a broader capsule wardrobe for their use during and after the Games.J.J. Rice, a United States-born kitefoiler who was hopeful of one day competing for Tonga at an Olympics, has died in a diving accident at the age of 18.Stellantis is recalling nearly 1.2 million vehicles in the U.S.

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