UBS: Power and Grid Constraints Are the Next Phase of the AI Trade

Luxury equities have been a safe-haven growth trade amid global uncertainty, often correlated with high-end consumer spending and emerging market wealth. A downgrade of the sector's bellwether could trigger a rotation out of consumer discretionary into tech or defensive sectors, especially as the market is in 'Greed' territory (Fear & Greed: 73) and BTC dominance is high, indicating a risk-on but selective environment.

Hermès International SCA

Goldman Sachs and UBS analysts issued sell ratings on Hermès International SCA, warning that the company's era of impressive growth is ending.

Goldman Sachs and UBS Slap Hermès With First Sell Ratings in Over a Year

Hermès Sell Ratings Signal Luxury Slowdown, Triggering a Rotation from Luxury-Backed NFTs to Utility Tokens

UBS Raises Bitcoin ETF Stake to $90 Million in SEC Filing

European Stock ETFs Post First Monthly Inflows Since February as Earnings Surge

UBS Turns Bullish on Equities After Unusual July Market

Chainlink, Swift, UBS, Euroclear Team Up to Tackle $58B AI Risk in Corporate Actions

Gold-Silver Ratio Nears 70 as Silver ETFs See Heavy Outflows

Bitcoin Tops $64,000 as Traders Eye Fed Decision

Big Tech Hyperscalers Issue $121 Billion in New Debt for AI Infrastructure

UBS: Micron Could Generate $400B+ in Free Cash Flow, Buy Back Over 40% of Shares by 2028

UBS Fund Manager Plans Short on US Treasuries as Economy Dims Bond Appeal

UBS Raises NVIDIA Price Target to $275 on AI Chip Demand

UBS and Nethermind Complete Ethereum Compliance PoCs, Eyeing Institutional Use

UBS Flags Softer Risk Tone as Long-Only Buyers Exit Equities

Swiss Lawmakers Mull UBS Capital Rules Overhaul to Save Billions