Here are five things you need to know this morning.
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during a news conference in Taipei, Taiwan, on Tuesday, June 4, 2024.Nvidia shares slump:
Imagine that you’re a company that more than doubled its quarterly revenue to US$30 billion. Your profit almost tripled to nearly $17 billion, your revenue forecast for the current quarter is for 80 per cent growth, and your gross profit margin is a mouth-watering 75 per cent. Pretty good quarter, right? Wrong, if markets are to be believed, because those are the main takeaways fromreleased Thursday afternoon, when the stock was at one point down by eight per cent in after-hours trading.
. The company announced Wednesday it was seeking CCAA protection while it restructures, but plans to emerge stronger than ever, with 167 locations across the country. The chain used to belong to Canopy Growth, but the business was sold in 2022 to OEG, a holding company for Daryl Katz, the owner of the Edmonton Oilers who built the Rexall pharmacy chain.Shares in U.S.
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