Swiss sports footwear and apparel producer On Holding AG recorded the largest growth last week among companies with at least $10 billion in capitalization. The company’s shares grew by 21.14% in one week—the price per share: $42.40. Next is Albemarle Corporation, engaged in the production of lithium and non-metallic chemical materials, with an 18.48% increase to $115.14 per share. This top three is completed by Tower Semiconductor Ltd., which produces semiconductor chips, with an 18.07% increase to $99.26 per share.

The trio of large-capitalization companies that posted the biggest losses last week is led by IREN Limited, engaged in bitcoin mining and data-processing infrastructure, whose shares fell by 25.67% in one week to $46.37 per share. Next is CoreWeave, Inc., which provides artificial intelligence (AI) computing power, with a 25.62% decline to $77.36 per share. This top three is completed by Nebius Group N.V., a developer of cloud technology solutions, with a 24.93% decline to $83.54 per share.

US stock markets ended the past week with mixed results: the S&P 500 closed the week up 0.1%, the Dow Jones up 0.3%, while the Nasdaq fell 0.5%. The decline in the Nasdaq is mainly due to investors showing caution as they await the release of financial results from AI sector leader Nvidia. Those results will either confirm or dispel investor concerns about AI sector companies being overvalued.

Global markets declined on Friday: the MSCI world stocks index fell by 0.44%, Europe’s STOXX 600 and FTSEurofirst 300 indices each fell by around 1%, and Asian stocks outside Japan closed with a 1.5% decline, as statements by US Federal Reserve officials lowered expectations of a refinancing rate cut in December.

Berkshire Hathaway, owned by the world’s most successful investor Warren Buffett, has announced an additional $4.3 billion investment in Alphabet, Google’s parent company. At the same time, the company continues to reduce its Apple shareholdings. Following this announcement, Alphabet’s shares rose by 1.7%.

US President Donald Trump purchased at least $82 million in corporate and municipal bonds during the August–October period. According to data published by the US Office of Government Ethics, Trump has invested particularly in sectors that benefit from his policies: technology, banking, and chip manufacturing.

Bitcoin reached its lowest level in the past six months on Friday, hitting about $95,885. Analysts note that bitcoin has entered a downward phase, losing more than 20% in one month.

Interest in US stock funds weakened significantly during the week ending November 12. The reason is skepticism about the AI sector being overvalued and signs of weakening in the labor market. During the week, US stock funds attracted $1.15 billion, the lowest figure in the past month. Outflows from mid- and small-capitalization funds reached billions of dollars. Meanwhile, inflows into bond funds increased to $8.96 billion, whereas $4.8 billion were withdrawn from money-market funds.

Cisco Systems’ shares rose by about 6% after the company raised its annual revenue and profit forecasts due to high demand for its cloud services and AI infrastructure. CEO Chuck Robbins announced that more than $2 billion in AI-sector orders have already been received for the 2025 financial year.

AMD’s shares recorded a 7% increase when the company announced that it expects to generate $100 billion in annual revenue from its data-center business and expand its presence in the AI market.

SoftBank’s shares fell by 10% after the company sold its $5.8-billion shares in Nvidia, directing the freed-up funds to major investments in OpenAI, chipmaker Ampere, and ABB’s robotics business. According to analysts, SoftBank has taken on around $41 billion in new financial obligations, while the company’s cash reserves total about $27.9 billion.

On Monday, 5 billion drams worth of government bonds were placed on Armenia’s stock market, and they will be redeemed on August 31, 2026. The public auction had four participants, with total submitted bids amounting to 19.7 billion drams. The average weighted price of the government bonds placed was 94.2779 drams, and the yield was 7.6%.

As expected, the Eurozone economy grew by 0.2% in the third quarter compared to the previous quarter, and annual growth amounted to 1.4%. This “resilience” of the Eurozone under conditions of global trade tensions is mainly explained by stable indicators in Spain and France, which have compensated for Germany's three-year stagnation.

According to a Reuters poll, 80% of surveyed economists predict that the US Federal Reserve will again reduce the refinancing rate by 0.25 percentage points on December 10. However, if data show that labor-market risks are not as considerable, the December cut may be called into question. Respondents believe that unemployment will reach 4.5% next year.

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