From Yahoo Finance: 2025-03-25 09:29:00

Shopify Inc. is transferring its US-listed shares from the NYSE to the Nasdaq, potentially leading to inclusion in the Nasdaq 100 Index. Inclusion in benchmarks is crucial for companies, as passive funds are required to buy shares of member companies. Shopify’s move represents a step up for Canadian stocks in major indexes.

Shopify’s revenue primarily comes from the US, prompting speculation about a possible domicile change for S&P 500 membership. Despite potential changes, Shopify may remain in the S&P/TSX Composite Index for Toronto-listed stocks. The move is significant amidst Canadian concerns about trade with the US and potential tariffs. Shopify’s decision could impact the broader market over time.

German software giant SAP SE becomes Europe’s most valuable public company, overtaking Novo Nordisk A/S. Tesla’s sales have fallen in Europe, but Cathie Wood’s Ark Investment remains bullish on the stock, predicting significant growth. Alibaba’s Chairman warns of a potential bubble in datacenter construction, while DeepSeek and Samsung Electronics announce updates and tragic news of the passing of its co-CEO.



Read more at Yahoo Finance: Shopify Takes Steps to Pull In Billions From Passive Funds