Building Winnipeg's AI future
Building Winnipeg's AI future
Professor Qian Liu shares how her team is using AI to tackle big challenges like Alzheimer's and why Winnipeg could be Canada's next AI hub.
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Globe and Mail
15 minutes ago
- Globe and Mail
With a $3.8 Trillion Market Cap, Does Nvidia Really Still Have Room to Grow?
Nvidia (NASDAQ: NVDA) is the largest publicly traded company, with a market cap of about $3.8 trillion on Friday afternoon, and a stock price that's just below its all-time high. Nvidia's growth story has been nothing short of extraordinary. Revenue has grown by nearly 400% over the past two years as AI investment activity has exploded, and that's after an already extremely impressive multidecade history. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » If you don't already own Nvidia, is it too late to invest? With an estimated 95% share of its most important end markets and nearly $150 billion in revenue over the past four quarters, it's easy to understand why Nvidia's upside from here might appear limited. But I'd argue the opposite. Not only do I think Nvidia's revenue could get much larger from here, but the stock could produce market-beating returns for many years to come. Nvidia has more growth potential than you might think Nvidia has four main business segments: data center, gaming, professional visualization, and automotive. The data center segment is by far the most important. In simple terms, AI-focused applications require a tremendous amount of data processing ability, and Nvidia's data center accelerator products are widely considered to be the gold standard. As mentioned, the company has a dominant (estimated) 95% market share. And the industry itself is growing rapidly. Over the past year, Nvidia's data center segment sales tripled, and the $120 billion global market for data center accelerators is expected to roughly double over the next five years. Data center capital spending -- mostly by large tech companies -- is expected to reach $1 trillion annually in just three years, compared to $500 billion today. In other words, if Nvidia simply maintains its dominant market share, the largest and most critical part of its business could double or more in size by 2030. The company's other segments have lots of room to grow as well. The automotive segment is a big opportunity, as advanced autonomous vehicle technology is still in the early stages of evolution, and Nvidia already has 20 of the top 30 EV manufacturers on its customer roster. In fact, GPUs for automotive applications is expected to be a $45 billion market by 2030, and Nvidia also develops software systems, safety systems, and more for automotive applications. Capital allocation and a reasonable valuation Nvidia's free cash flow hasn't been anywhere near the current level for long, but now that the company is generating boatloads of cash, management is allocating it in shareholder-friendly ways. The company does pay a quarterly dividend, but it's a minuscule one (0.03% yield), at least for now. But buybacks are becoming an increasingly large focus of management. In the first quarter, Nvidia spent more than $14 billion on stock buybacks, which was more than half of the company's free cash flow. However, keep in mind that Nvidia's free cash flow grew by 75% year over year, and is expected to grow rapidly for at least the next few years, so it wouldn't be surprising to see buybacks expand along with it. Finally, Nvidia is not a cheap stock, trading at 48 times trailing 12-month earnings and about 34 times sales. But it isn't necessarily an expensive one. Nvidia's revenue growth (both past and projected) clearly justifies a higher P/E ratio. Analyst estimates call for 44% year-over-year earnings growth in the current fiscal year (ending January 2026) and another 34% in the following year. Plus, the combination of this growth rate and Nvidia's stellar margins (net margin over 50%) warrant an elevated price-to-sales multiple. In fact, by some popular metrics, such as the price/earnings-to-growth (PEG) ratio, Nvidia stock looks rather attractive right now. The bottom line is that a combination of a growing market opportunity, shareholder-friendly capital allocation, and a reasonable valuation could allow Nvidia to continue to grow and produce excellent returns for years to come. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor 's total average return is1,062% — a market-crushing outperformance compared to177%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 23, 2025
CTV News
22 minutes ago
- CTV News
B.C. nurse suspended 12 months for sexual relationship with client
A B.C. nurse's registration has been suspended for 12 months as discipline for a sexual relationship the worker had with a client, according to the regulatory body. The B.C. College of Nurses and Midwives described the relationship, which happened between July and September of 2023, as 'personal and sexual.' The nurse, who is not named in the consent agreement reached with the college earlier this week due to privacy regulations, 'documented that at the time of the conduct, they suffered from a health condition that was a factor in their conduct,' reads an online summary. 'Intimate' relationships between nurses and clients are prohibited, even if they are consensual, the college said, adding that a breach of professional boundaries can harm the patient. 'The nurse-client relationship is the foundation of nursing practice across all populations and cultures and in all practice settings. It is therapeutic and focuses on the needs of the client. It is based on trust, respect and professional intimacy, and it requires the appropriate use of authority,' the summary reads. According to the college, the nurse agreed to have their registration suspended for 12 months and a six-month ban on working in community nursing. If they return to the job, the nurse will be required to be 'followed by' a counsellor for a year. 'The inquiry committee is satisfied that the terms will address the professional and practice concerns that arose and will protect the public,' the BCCNM wrote.
CTV News
2 hours ago
- CTV News
‘We're on the side of kids': Alberta premier pushes back on court injunction against law banning doctors from providing gender-affirming care to youth
Danielle Smith said she welcomes a debate in court after an Alberta judge put a hold on a provincial law that bans doctors from providing gender-affirming care to youth on Friday. On her Saturday radio show, Your Province, Your Premier, Danielle Smith said she believed her government's case was solid, measured, evidence-based – and on the side of young patients that Justice Allison Kuntz said faced 'irreparable harm' if she didn't issue a temporary injunction against the law before it fully came into effect. 'The evidence shows that singling out health care for gender diverse youth and making it subject to government control will cause irreparable harm to gender diverse youth by reinforcing the discrimination and prejudice they are already subjected to,' Kuntz wrote in the judgment. The law, passed late last year but not fully in effect, would have prevented doctors from providing treatment such as puberty blockers and hormone therapy to those under 16. 'I think the court was in error,' Smith said. 'That's part of the reason why we're taking it to court. The court had said there will be irreparable harm if the law goes ahead. I feel the reverse. I feel there will be irreparable harm to children who get sterilized at the age of 10 years old – and so we want those kids to have their day in court. 'We want those who were counselled to have sex change operations prematurely who now feel like they weren't protected to be able to be witnesses so we don't make these kinds of mistakes.' Kuntz wrote that denying access to this care not only risks causing youth emotional harm but also exposes them to permanent physical changes that don't match their gender identity. 'Intentionally or not, the ban will signal that there is something wrong with or suspect about having a gender identity that is different than the sex you were assigned at birth,' Kuntz wrote. 'Gender diverse youth will bear the entire burden of that speculation.' Smith said there's a long history of governments making decisions that have caused harm. 'We had a sterilization of those who were committed to mental institutions that we had to do a major payout on,' she said. 'There are Indigenous women who are challenging their sterilization that happened at the hands of doctors that they want to make a criminal code provision on that–we shouldn't be capricious in taking away a person's right to have children. 'So we want to battle this out,' she added.' And the way you do that is you go to the higher levels of court.' Last month, the Canadian Medical Association and three Alberta-based doctors launched a legal case challenging the constitutionality of the bill, arguing it violates their Charter right to freedom of conscience. Alberta's other two pieces of transgender legislation — banning transgender women from competing in women's sports and preventing youth under 16 from changing their name or pronouns in the school system without parental consent — have yet to be challenged in court. The education bill also requires parents to opt in for their children to receive lessons in school on sexuality, sexual orientation and gender identity. 'Demonizing vulnerable kids': Nenshi Opposition NDP Leader Naheed Nenshi said in a statement that his party was pleased to see the court decision, calling it a 'great day for young Albertans who simply want to live authentically and safely.' 'The court has determined what we already knew that this ban could cause irreparable harm to gender diverse young Albertans,' Nenshi said. 'This was never about doing the right thing: it was always about demonizing vulnerable kids to boost Danielle Smith's political fortunes.' LGBTQ+ advocacy groups Egale Canada and the Skipping Stone Foundation took the case to court, and in a statement Egale said the decision was a 'historic win.' Also listed as applicants in the case are five transgender youth who will be directly affected. Egale's legal director Bennett Jensen said Friday that the decision was a 'huge relief' for the youth involved. '(The legislation) does not solve any real issues in the medical system,' Jensen said in an interview. 'It simply creates them and targets an already very vulnerable, small group of young people with further discrimination, and that's what the judge found.' Despite the Friday decision, Smith expressed confidence moving forward. 'We actually think we've got a very solid case,' she said. 'We think we've been measured, we think we've been evidence-based, and we think we're on the side of kids. 'So we want to see how long that process will play out, but we think it's really important for these issues to be debated in court.' With files from The Canadian Press and Aaron Sousa
