How quickly can Carney approve 'nation-building' projects with the premiers?
The Power & Politics panel of party insiders discusses Prime Minister Mark Carney's busy week — from a truly royal throne speech to a first question period — before he heads off to Saskatoon to talk about 'nation-building' projects with Canada's premiers on Monday.
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Globe and Mail
6 minutes ago
- Globe and Mail
3 Stocks Set to Ride the Artificial Intelligence (AI) Wave to New Heights
Artificial intelligence (AI) is this decade's most prominent investing theme so far. As AI-powered applications took the world by storm, Wall Street fell in love with AI stocks. With the AI wave far from cresting, three Motley Fool contributors take a closer look at three of their favorite AI stocks: Amazon (NASDAQ: AMZN), Qualcomm (NASDAQ: QCOM), and Nvidia (NASDAQ: NVDA). 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 » Amazon's cloud leadership makes the stock a no-brainer for the AI wave Justin Pope (Amazon): Artificial intelligence will change the game for Amazon, a company that's already wildly successful by any measure. Amazon Web Services, or AWS for short, is the world's leading cloud platform, with a 30% share of the global cloud infrastructure market. AWS generated more than 58% of the company's total operating income over the past four quarters, but only 17% of total net revenue. Many artificial intelligence (AI) applications, which are software at their core, will run on cloud computing platforms. Amazon and other cloud companies continually invested billions of dollars to build data centers to expand their cloud capacity to accommodate all this demand. Research from Goldman Sachs estimates that AI will drive sustained cloud growth, boosting global cloud computing revenue at a 22% annualized pace, to $2 trillion by 2030. It seems likely that AWS, which grew revenue by 17% year over year in the first quarter, will sustain healthy growth for the foreseeable future as long as AI momentum continues. Amazon is building out an AI ecosystem on AWS, including Bedrock, a platform for developing generative AI applications such as virtual agents. Amazon's market leadership should help it upsell its cloud customers and retain them on AWS for their AI needs. Analysts estimate Amazon will grow earnings by an average of 17% annually over the long term. I think those are fair growth expectations given Amazon's AI opportunities, as well as its continued growth potential in e-commerce, digital advertising, streaming, and Prime subscription service. It makes the stock a buy at its current price-to-earnings ratio of 33, a reasonable valuation for such a growing, world-class company. Low-cost AI could stoke demand for this company's products Will Healy (Qualcomm): Admittedly, investors may not necessarily think of Qualcomm when looking at stocks that will take AI to new heights. Its longtime client, Apple, appears poised to stop using its smartphone chipsets in the iPhone. Additionally, Qualcomm's ties to China could put pressure on the stock should U.S.-China relations continue to deteriorate. Nonetheless, DeepSeek's breakthrough dramatically lowered the cost of developing AI models. Qualcomm's chipset business, which made up 64% of the company's revenue in the first half of fiscal 2025 (ended March 30), relies on an AI-driven upgrade cycle that presumably benefits from low-cost AI. Moreover, Qualcomm applied its technical capabilities to the automotive and Internet of Things (IoT) industries in recent years. Over the last year, these segments grew revenue by 60% and 31%, respectively, and such successes are likely to put a brighter spotlight on its AI. Qualcomm may have already begun to benefit. It generated $22.6 billion in revenue in the first two quarters of fiscal 2025, 17% higher than year-ago levels. Costs and expenses grew 13% over the same period, and thanks to lower investment income and higher income taxes, the $6 billion in net income increased by 18% over the last year. When considering that growth, one must also assume Qualcomm stock prices in its challenges. It sells at a P/E ratio of 15, even after bouncing off the 52-week lows reached in early April. Low valuations are not necessarily a reason to buy a stock. However, considering Qualcomm's potential to transform parts of the AI industry, investors may want to buy this semiconductor stock while it is still inexpensive. Jake Lerch (Nvidia): When it comes to AI stocks, it's impossible to ignore Nvidia. Simply put, Nvidia remains the king of AI stocks. Since January 2020, Nvidia shares gained more than 2,200% -- meaning a $5,000 investment made on Jan. 1, 2020, would now be worth nearly $120,000. Yet, even after this magnificent run, Nvidia is showing no signs of slowing down. Indeed, the company just notched another fantastic quarterly report (for the three months ending on April 30, 2025), beating expectations for both revenue and earnings. Highlights included: Revenue of $44.1 billion, up 69% from a year earlier. Net income of $18.8 billion, up 26% year over year. Share repurchases totaling $14.1 billion during the quarter. While the report was a stunning success for the company, there was one fly in the ointment: Nvidia's gross margin fell from 78% to 61% over the last year. However, management attributed most of the drop to a write-off due to export restrictions to China. In effect, Nvidia's AI chips are so powerful that the U.S. government restricted their delivery to geopolitical rivals like China. Consequently, Nvidia couldn't deliver products that were earmarked for sale to the Chinese market and was forced to write off the inventory this quarter. Going forward, management noted that gross margin should rebound back into the 70% to 75% range later this year. At any rate, Nvidia continues to show why it is riding the AI wave as well as -- if not better than -- any other company. Its AI chips remain the go-to product for AI developers. Demand remains strong, and the company continues to deliver the red-hot growth that has powered its stock to an eye-popping market cap of more than $3 trillion. For investors looking for an AI stock with staying power, Nvidia is a name to consider. 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 $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor 's total average return is979% — a market-crushing outperformance compared to171%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 May 19, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Jake Lerch has positions in Amazon and Nvidia. Justin Pope has no position in any of the stocks mentioned. Will Healy has positions in Qualcomm. The Motley Fool has positions in and recommends Amazon, Apple, Goldman Sachs Group, Nvidia, and Qualcomm. The Motley Fool has a disclosure policy.
CTV News
15 minutes ago
- CTV News
Man in his 60s seriously injured after being struck by vehicle in North York
Police investigating after a man in his 60s was taken to hospital with serious, non-life-threatening injuries on Saturday May 31, 2025 (CP24 photo). A man in his 60s was taken to hospital with serious, non-life-threatening injuries after allegedly being struck by a vehicle late Saturday night. In an email to CTV News Toronto, Toronto police say they were called to the area of Victoria Park Avenue and Eglinton Square shortly after 10 p.m. TPS Toronto police officers on scene of a collision on Saturday May 31, 2025 (CP24 photo). The driver involved did remain on scene, police say. The investigation is ongoing. Police are asking any witnesses to come forward.
CBC
23 minutes ago
- CBC
'Leading and dividing New Brunswick': New book explores Blaine Higgs's legacy
Blaine Higgs "broke an all-time record" for low levels of support in New Brunswick's francophone ridings in both 2020 and 2024, says Gabriel Arsenault, a Université de Moncton political science professor. Though it may have worked in the short term — Higgs was re-elected premier in 2020 — "in the long term that's not a winnable strategy," said Arsenault, editor of a new book of scholarship on Higgs's legacy. Higgs led the Progressive Conservatives to defeat and lost his own seat in October 2024, when Susan Holt and the Liberals won a majority in the legislature. Arsenault is the editor of The Higgs Years: Leading and Dividing New Brunswick, a collection of 15 essays by academics across Canada who looked back at Higgs's time as premier and his leadership. Arsenault said that the book can also shed light on the most recent federal election because many of the things that led to Higgs downfall were paralleled federally. The book is not only important to New Brunswickers but also to people across the country, Arsenault said, since "New Brunswick is in many ways a microcosm of Canada." New Brunswick is in many ways a microcosm of Canada. - Gabriel Arsenault In the most recent federal election, the Conservative Party would also have won "if it weren't for Quebec," according to Arsenault, because "Quebecers massively voted for the Liberal Party and that really cost him the election." When he was first elected premier, in 2019, Higgs's main promise was to balance the books, Arsenault said: "He was very motivated about that issue and he arguably won the election in 2018 because of that issue." On this front, Higgs was successful every year, even during the pandemic. "It was the only jurisdiction in Canada to do so and, even abroad, I would be hard-pressed to find another jurisdiction who managed to do a surplus during the COVID years." One of Higgs's biggest problems, Arsenault said, was that he tried to appease both sides of a coin but actually remained highly divisive. To manage the province's response to the pandemic, Higgs put together a committee that included the leaders of all parties in the legislature, including those with political views quite different from his own. At the time, Higgs's approval rating "was around 90 per cent," Arsenault said, "which is absolutely phenomenal in a democracy.", This flipped entirely in his second term, when Higgs began to face opposition from his own caucus, and eight of his cabinet ministers stepped down. Arsenault also said that the financial surplus during COVID was not completely due to policy decisions because huge numbers of people were immigrating to New Brunswick from urban centres at the time. "Housing is cheaper in New Brunswick and a lot of people from Ontario moved to New Brunswick, bringing with them their income, their money," Arsenault said. But even if he could claim progress with the province's finances and economy, Higgs was divisive in many ways, said Arsenault, pointing to a French-English divide, the government's relationship with Indigenous peoples, and Policy 713, the province's gender-identity policy for schools. This divisiveness was one of Higgs's biggest problems, and it even caused instability within his own party. Higgs underestimated the number of party members who "are 'small c' conservatives," and "think they have a responsibility to defend minorities." Arsenault said the book is a balanced look at Higgs's legacy. He also said that to form a majority government, the Progressive Conservative Party usually needs to be more moderate or centrist than the Higgs government was.
