The S&P 500 (SPY) and Nasdaq’s (QQQ) weak performance last week will worry investors holding AI-related stocks. Valuations are wildly stretched for AMD (AMD), Nvidia (NVDA), and Super Computer Micro (SMCI). Markets justify their rise on expectations that growth will accelerate this year.Assuming the market does not suddenly panic about valuations, all three stocks should fall only slightly from here.AMD has the most bearish momentum today. The stock peaked at over $220 before falling heavily intraday on March 8. Since then, the stock fell sharply, closing at $170.42. Investors prefer to hold…
Category: Canada
Many Canadians still feeling squeezed even as debt worries ease: insolvency firm
Some Canadians are feeling a little more optimistic about their debt with the prospect of interest rate cuts on the horizon, said MNP Ltd.
Four-vehicle pile-up injures two in Saint-Hyacinthe
A multi-vehicle collision in Saint-Hyacinthe has left two people injured.
Prefects in the Laurentians denounce postponement of electoral map revision
The CAQ government’s decision to postpone reform of the provincial electoral map has raised the ire of prefects in the Laurentians.
Canada has yet to reunite a single family with relatives trying to escape Sudan
Canada has yet to reunite a single family with relatives who are trying to escape conflict-racked Sudan, while diaspora groups are demanding the federal government do more to end a yearlong civil war.
Man arrested at hospital after gunfire in Rosemont-La Petite-Patrie
A man has been arrested in connection with gunfire that occurred in Montreal’s Rosemont-La Petite-Patrie borough.
Spring housing market surge unlikely as affordability, cost of living weigh on buyers
After five straight holds of the Bank of Canada’s key interest rate that followed its hiking cycle of more than a year, economists say a rebound awaits the national housing market — but don’t expect a big surge just yet.
Man accused of killing Toronto cop expected to testify at murder trial today
A man accused of running over a Toronto police officer nearly three years ago is expected to take the stand today at his murder trial.
Celestial event: What you need to know about today’s total solar eclipse
Here are the answers to some key questions about the total solar eclipse that will make its way across much of eastern and central Canada today.
Montreal-area teen visits Kenya to see wells he helped build from home
A teenager from Dorval, Que. has returned from a trip to Kenya, where he was able to see the three wells that he fundraised for over the past decade.
