A sign for a Nvidia office building is shown in Santa Clara, Calif., Wednesday, Aug. 7, 2024. Nvidia shares pared some losses in premarket trading on Thursday, shaking off an earlier decline as investors stayed confident about the chip giant's growth prospects despite a forecast that fell short of lofty expectations.
Shares of other chip companies also recovered some losses and were last trading down between 0.2 per cent and 1 per cent. U.S.-listed shares of TSMC, Nvidia's chip manufacturing partner, were last down marginally. Analysts on average forecast second-quarter per-share profit of 64 cents, with 71 cents apiece being the highest estimate. Nvidia reported earnings of 68 cents per share.
Nvidia delaying the production ramp-up of its next-generation Blackwell chips until the fourth quarter was not much of a concern, analysts said, with the company seeing strong demand for its current-generation Hopper chips. Optimism about AI technology, in part due to Nvidia's explosive growth, has fuelled gains on Wall Street over the past year.
Nvidia's stock dropped 2.1 per cent in Wednesday's session, ahead of its report. It remains up about 150% so far in 2024, making it the biggest winner in Wall Street's AI rally. Many of the exhibits at the Ontario Science Centre that delighted visitors until this summer are now wrapped in plastic as the facility prepares to move them into storage.A “mega den” of hundreds of rattlesnakes in Colorado is getting even bigger now that late summer is here and babies are being born.
Just weeks after hosting the Olympics, the summer of sports in Paris begins its final chapter Wednesday with the opening ceremony of the Paralympic Games.Jarren Duran led off with a homer, Masataka Yoshida added a two-run single in a three-run first inning, and the Boston Red Sox ended a four-game losing streak with a 6-3 win over the Toronto Blue Jays on Tuesday night.With the average cost of a new car in Canada sitting at around $68,000, according to Autotrader.
Alberta's doctors and nurses say they have questions and concerns about the government's plan to off-load underperforming hospitals to third-party operators.The last time Amy Lamontagne saw her friend Jennifer Edmonds-Zabarylo was at her wedding held just hours before the mother of two was allegedly killed by her husband in what Ottawa police have called a femicide.
Tractors made their way through downtown Kitchener on Wednesday, a slow-moving protest of Waterloo Region’s handling of the Wilmot land acquisition and assembly process.EV owners shocked by charging rate at Waterloo, Ont. condo
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