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SWX:UBSN 24 November 2025

Swiss Stock Market Today, November 24, 2025: SMI Edges Higher as Tech Stocks Rally and UBS Legal Cases Weigh on Banks

Swiss Stock Market Today, November 24, 2025: SMI Edges Higher as Tech Stocks Rally and UBS Legal Cases Weigh on Banks

The Swiss Market Index rose about 0.4% to 0.5% to near 12,680 on Monday, buoyed by global rate-cut hopes despite legal headlines around UBS and weak macro data. Logitech led blue-chip gains, up 3.6%, while ABB and Richemont also advanced. Defensive stocks like Roche and Swiss Re lagged. The SMI remains up roughly 8–9% for the year.
24 November 2025
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Stock Market Today

  • Billionaires Shift from Amazon to Shopify on TSX Amid Portfolio Rebalance
    April 23, 2026, 7:14 PM EDT. Billionaire investors are trimming their stakes in Amazon (NASDAQ:AMZN) as its value plateaus and cloud segment matures. This profit-taking strategy aims to balance portfolios heavily weighted in tech stocks. Capital is flowing into Shopify (TSX:SHOP), Canada's growing e-commerce platform, noted for its disciplined growth and improving margins after streamlining operations. Shopify's focus on a scalable, capital-light software model contrasts with Amazon's vast, capital-intensive retail and cloud empire. Shopify's merchant ecosystem and subscription revenue add a competitive moat, attracting institutional interest. With Shopify positioned for expansion globally and offering predictable cash flows, investors see more potential for long-term growth than from Amazon's mature business segments.

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Newmont earnings today: Gold miner beats Q1 profit, adds $6 billion buyback but warns on Q2 costs

Newmont earnings today: Gold miner beats Q1 profit, adds $6 billion buyback but warns on Q2 costs

24 April 2026
Newmont reported adjusted first-quarter earnings of $2.90 per share on $7.31 billion in sales, beating estimates as realized gold prices surged to $4,900 an ounce. Attributable gold output fell to 1.30 million ounces from 1.54 million a year earlier. The miner declared a $0.26 dividend and authorized a new $6 billion share buyback. Newmont expects higher costs and lower output in the second quarter.
SAP Q1 Earnings Beat Forecasts as Cloud Revenue Climbs 27% in Constant Currencies, Outlook Holds

SAP Q1 Earnings Beat Forecasts as Cloud Revenue Climbs 27% in Constant Currencies, Outlook Holds

24 April 2026
SAP reported a 17% rise in first-quarter operating profit to 2.74 billion euros and a 19% jump in cloud revenue to 5.96 billion euros, beating forecasts. The company kept its 2026 targets and full-year outlook unchanged. SAP’s U.S. shares reversed losses after the results, climbing nearly 7% in after-hours trading. Management warned cloud revenue growth will slow in the second quarter.
MaxLinear Stock Surges as AI Data-Center Chip Demand Drives Big Q2 Outlook

MaxLinear Stock Surges as AI Data-Center Chip Demand Drives Big Q2 Outlook

24 April 2026
MaxLinear forecast second-quarter revenue of $160 million to $170 million, well above Wall Street’s estimate of $137.1 million. First-quarter revenue rose 43% to $137.2 million, driven by demand for optical products in AI data centers. Shares surged over 23% to $42.47 in after-hours trading. Infrastructure revenue jumped 136% from a year earlier, becoming the company’s largest segment.
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