Welcome to The Globe and Mail’s business and investing news quiz. Join us each week to test your knowledge of the stories making the headlines. Our business reporters come up with the questions, and you can show us what you know.
This week: Stocks rallied after Nvidia, a leading manufacturer of AI-related computer chips forecast a 233-per-cent growth in revenue in its current quarter, above market expectations of a 208-per-cent rise. Nvidia revealed its forecast after markets closed on Wednesday; the following morning, the company’s stock accounted for over a quarter of all trading in S&P 500 stocks.
Also: Loblaw Cos. Ltd announced fourth-quarter revenue of $14.5-billion, an increase of 3.7 per cent compared to the same period in 2022. The company said consumers feeling the pressure from rising food costs were flocking to its discount brands and private labels. And former TC Energy chief executive officer Russ Girling was announced as chairman at Suncor Energy.
1Stocks are roaring! Even the long-depressed Japanese stock market hit a record high this week. When was its previous record set?
a. 1989
b. 1994
c. 1999
d. 2007
a. 1989. The Nikkei 225 index of the biggest Japanese companies has rallied strongly in recent months and has finally surpassed the record it set 34 years ago at the height of the country’s stock market bubble.
2Talking about euphoria, chip maker Nvidia sent stocks flying this week when it beat earnings expectations for the fourth quarter by a couple of billion bucks. What does Goldman Sachs call Nvidia?
a. “The most overvalued stock in our universe”
b. “The most important stock on planet Earth”
c. “The most underappreciated stock in the world”
d. “The poster child for AI euphoria”
b. “The most important stock on planet Earth.” Nvidia is now worth