‘Good news for the consumers': Retail analyst on Couche-Tard withdrawing ownership bid for 7-Eleven
Retail analyst Doug Stephens on why Couche-Tard withdrawing bid to own 7-Eleven will benefit consumers and the market.
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CTV News
3 hours ago
- CTV News
‘No farmers, no food': Canadian dairy farmers warn politicians amidst trade war
Watch Amidst Canada's on-going trade war with the U.S., Canadian Dairy farmers are making it clear they're not a bargaining tool. CTV's Mike Le Couteur reports.
Globe and Mail
5 hours ago
- Globe and Mail
Better Artificial Intelligence (AI) Stock: CoreWeave vs. Nebius
Key Points Nebius and CoreWeave have been in red-hot form on the stock market this year thanks to the terrific demand for their cloud infrastructure solutions. Both companies seem to be able to sustain their impressive growth in the long run, thanks to the lucrative AI-related market that they are serving. 10 stocks we like better than CoreWeave › CoreWeave (NASDAQ: CRWV) and Nebius Group (NASDAQ: NBIS) have witnessed a rapid jump in their share prices this year. Investors have been buying these stocks hand over fist because they are benefiting big time from the growing demand for cloud-based artificial intelligence (AI) infrastructure. CoreWeave stock has shot up a remarkable 224% in just four months since going public in March this year, and Nebius has clocked healthy gains of 84% so far in 2025. Both companies are in the business of renting out data centers powered by graphics processing units (GPUs), which their customers use to train AI models, build applications, and scale up those applications in the cloud. 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 » But if you have to choose one of these two stocks for your portfolio right now, which one should it be? Let's find out. The case for CoreWeave CoreWeave's rally since its initial public offering (IPO) can be attributed to the terrific growth in the company's revenue and backlog. Its top line jumped by more than fivefold in the first quarter to $981 million, and it's on track to sustain its outstanding momentum. That's because the cloud infrastructure-as-a-service market in which CoreWeave operates is growing at an incredible pace. Grand View Research estimates that the cloud AI market could generate $650 billion in annual revenue in 2030, nearly 7.5 times the size of this market last year. CoreWeave is capitalizing on this lucrative opportunity by offering access to the top-of-the-line GPUs from Nvidia along with server processors from AMD. The company claims that customers using its cloud AI infrastructure enjoy significant cost and performance advantages. It says its infrastructure is "purpose-built for compute-intensive workloads, and everything from our servers to our storage and networking solutions are designed to deliver best-in-class performance." The demand for the company's AI infrastructure is outpacing supply, so it is focused on scaling up its capacity quickly to satisfy the strong demand. Management said on its May earnings conference call that it has raised over $21 billion to expand infrastructure and data center capacity. The company recently announced the upcoming $9 billion acquisition of Core Scientific, which could bring another 1 gigawatt (GW) of data center capacity and help lower its costs from its existing leases with Core Scientific. CoreWeave forecasts a reduction of over $10 billion in future lease liabilities once the acquisition is complete, followed by annual run-rate cost savings of $500 million by the end of 2027. Before this acquisition was announced, CoreWeave was projecting a fourfold increase in its data center capacity under its existing capacity contracts. This focus on enhancing data center capacity should pave the way for outstanding growth for CoreWeave since it was sitting on a revenue backlog of almost $26 billion at the end of the first quarter -- 63% higher from the year-ago period. As such, analysts are expecting its revenue to continue increasing at a strong pace. CRWV Revenue Estimates for Current Fiscal Year; data by YCharts. CoreWeave is likely to remain a top AI stock since it is serving a fast-growing market and is investing aggressively to capture a share of it. The case for Nebius Nebius shot up impressively last week after Goldman Sachs put a 12-month price target of $68 on the stock. The investment bank said that the company's full-stack AI infrastructure, which includes hardware and software tools, allows it to make the most of the impressive opportunity in this space. Goldman's price target calls for a 31% jump in the stock in the coming year. And there is a good chance that the company could surpass that given its 385% revenue jump year over year in the first quarter to $55 million. More importantly, the growth in its annual revenue run rate was much faster at 684% year over year to $249 million. That improved to $310 million in April, and the company forecasts an annual revenue run rate of $750 million to $1 billion by the end of the year, driven by the new data center capacity it is planning. In a letter to shareholders, CEO Arkady Volozh said: We are rapidly expanding our capacity footprint. In just three quarters, we've gone from one location in Finland to five locations across Europe, the U.S., and now the Middle East. We are actively exploring new sites in the U.S. and around the world, and we expect to provide more news on this soon. Unlike CoreWeave, Nebius provides more than just AI hardware infrastructure to customers. Its cloud platform also offers developer tools and services that customers can employ to refine their AI models, run inference tasks, and develop custom solutions. This is why Goldman believes that Nebius could be a leader in the cloud AI space. The company's balance sheet -- with $1.45 billion in cash and $188 million in debt -- allows it to continue putting more money into its cloud infrastructure. This explains the healthy top-line growth it is projected to deliver. NBIS Revenue Estimates for Current Fiscal Year; data by YCharts. So, like CoreWeave, Nebius is likely to remain a high-growth company. But is it a better buy than its larger peer at this point? The verdict Both CoreWeave and Nebius are growing at healthy rates and are expected to sustain that. So, investors should look at their valuations to decide which is the better buy. The two companies aren't profitable right now considering their aggressive infrastructure investments, so we need to compare their price-to-sales ratios (P/S). NBIS PS Ratio (Forward); data by YCharts. Nebius stock is way more expensive than CoreWeave when comparing sales multiples, indicating that the latter is a better buy even after its strong rally this year. Moreover, CoreWeave is growing faster, has a huge backlog, and is sitting on ample resources to continue expanding its data center footprint, making it the easy choice for investors considering which of these two AI stocks is worth adding to their portfolios right now. Should you invest $1,000 in CoreWeave right now? Before you buy stock in CoreWeave, 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 CoreWeave 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 $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% 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 July 21, 2025
CBC
6 hours ago
- CBC
MLS commissioner says B.C. Place not 'viable' for the Whitecaps, reigniting debate over team's future
The debate over the Vancouver Whitecaps' future has been reignited following comments by Major League Soccer Commissioner Don Garber, who says the team's current home at B.C. Place is no longer a viable long-term solution. Speaking to reporters at the MLS All-Star Game in Austin, Texas this week, Garber said the Whitecaps urgently need a new stadium not only to resolve scheduling conflicts but also to help secure the team's future in Vancouver as its ownership group prepares to sell the football club. "We have no plans to move the Vancouver Whitecaps," Garber told reporters. "But right now they don't have a viable stadium situation and they need one." Garber pointed to scheduling problems, including the team being forced to play a home playoff match in Portland, Ore. last year and the limited availability of B.C. Place during preparations for the 2026 FIFA World Cup. "We get 17 days where we can play our games and that's it?" Garber said. "We don't have any flexibility, including what happened with their playoff game last year." But B.C. Place's owner and operator Pavillion Corporation (PavCo) — a Crown corporation — is pushing back, calling Garber's claims a "misrepresentation." PavCo says it offers alternate dates for consideration when scheduling conflicts arise, but those options must be approved by both the team and the league. According to PavCo, when conflict arose last year with the booking during the playoffs, it accommodated a revised date that would have allowed the match to take place just one day earlier. "Unfortunately, the proposed solution was not approved by MLS, and the Whitecaps were required to play the match on the road," the operator said in a statement to CBC News. "On average, 40+ days are made available each year for the Whitecaps," the statement said, adding that in addition to the team's 17 regular-season matches, the club receives 15 to 20 further calendar holds to support playoffs, tournaments, and other events. WATCH | Whitecaps owners to sell club: Vancouver Whitecaps FC owners prepare to sell club 7 months ago That figure does not include practice sessions or media activities, which often take place the day before games. B.C. Place says the Whitecaps have played 23 to 24 matches per year at the stadium over the last three seasons. Whitecaps confirm discussions over new stadium The comment comes as the club's ownership group — Greg Kerfoot, Steve Luczo, Jeff Mallett and Steve Nash — prepares to sell the city's Major League Soccer team, Whitecaps says a proposed new team-owned stadium is part of a long-term plan to keep the city's professional soccer team based in Vancouver. A new stadium is widely seen as a potential draw for prospective buyers, and a key factor in securing the club's long-term financial stability. In a statement to CBC News, the Whitecaps say they are in active discussions with the City of Vancouver about developing a new stadium at the Pacific National Exhibition (PNE) fairgrounds — a site with deep historical significance for the club. When the team first formed under the North American Soccer League in the 1970s, they played right next to the fairgrounds at what was then Empire Stadium. The space later became Empire Fields, where the team debuted in Major League Soccer in 2011. Today, the site is home to community turf fields. "While the club is taking all necessary action to keep moving this process forward, it is a complex undertaking that can take considerable time," said Nathan Vanstone, the club's vice-president of broadcast and communications. The team currently plays at B.C. Place and trains at the University of British Columbia, but their lease at the downtown stadium is set to expire at the end of 2025. For now, the club says it's "business as usual." "We remain focused on extending the great momentum of the season and continuing to invest in and grow the club and Canadian soccer." City and province voice support Vancouver Mayor Ken Sim says the city is committed to keeping the team. "[They] are an integral part of our city's sport and cultural identity," Sim said in a statement. "While we cannot disclose specific information regarding potential land-use matters, we are continuing to explore ways to ensure the Whitecaps can remain in Vancouver for generations to come." B.C. Minister of Jobs and Economic Development Ravi Kahlon said the province has not been formally asked to support a stadium project but conversations have taken place with both the club and city. "Vancouver White Caps are B.C.'s team, not just Vancouver's team," Kahlon told CBC News. "Not only does it help young athletes aspire to rise and play at that level, but also because they are important economic drivers." He drew parallels to the departure of the Vancouver Grizzlies NBA team in 2001. "When we lost the Vancouver Grizzlies, we've been waiting years with the hope of maybe getting a basketball team back," said Kahlon. "But we know when a team leaves, it's very difficult to get a professional team back. That's why it's important to do what we can to keep the Whitecaps."
