What is the estimated total cost for damage caused by the Jasper wildfire? Take our business quiz for the week of Aug. 30. Join us each week to test your knowledge of the stories making the headlines. Our business reporters come up with the questions, and you can show us what you know.It’s the last days of summer – and bank earnings season. Canada’s biggest banks report their third-quarter earnings this week, covering the three months that ended July 31.
But investors worldwide were focused on Nvidia’s results, which are treated as a proxy for the strength of the AI boom. The chip maker forecast revenue of US$32.5-billion, plus or minus two per cent, for its coming quarter, compared with analysts’ estimates of US$31.8-billion. Yet, despite outpacing analyst expectations, the company’s stock still dropped after the earnings were released. There’s no pleasing some people – investors in particular.
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