Technology 26 April 2026 - 28 April 2026

Broadcom Stock Just Hit $2 Trillion. Google’s AI Chip Bet May Decide What Comes Next
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Broadcom Stock Just Hit $2 Trillion. Google’s AI Chip Bet May Decide What Comes Next

Broadcom shares slipped in premarket trading Tuesday as chip stocks fell on concerns AI spending may be outpacing demand. The company remains near a $2 trillion valuation after hitting an all-time high April 22. Broadcom reported Q1 revenue of $19.31 billion, with AI revenue up 106% year-over-year. It recently signed long-term AI chip supply deals with Google and Anthropic.
April 28, 2026
Oracle Stock Falls as OpenAI Growth Worries Put $300 Billion AI Cloud Bet Under Scrutiny
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Oracle Stock Falls as OpenAI Growth Worries Put $300 Billion AI Cloud Bet Under Scrutiny

Oracle shares dropped 7.7% in premarket trading Tuesday after a Wall Street Journal report said OpenAI missed recent user and revenue targets, raising concerns about its ability to fund large AI contracts. CoreWeave fell 7.4%, and SoftBank closed nearly 10% lower in Tokyo. OpenAI reportedly generated $13 billion in 2025 revenue but operated at a loss with over $600 billion in future cloud commitments.
April 28, 2026
National Australia Bank’s New AI Science Team Puts NAB Jobs and May Results in Focus
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National Australia Bank’s New AI Science Team Puts NAB Jobs and May Results in Focus

National Australia Bank has launched its first AI Science team, led by George Mathews and reporting to Chief AI Officer Mahya Knox. The move comes ahead of NAB’s May 4 half-year results, as investors focus on credit quality and tech spending. NAB recently warned first-half credit impairment charges would double to A$706 million. The bank is also restructuring, with a net loss of about 170 jobs in Australia and new roles offshore.
April 28, 2026
PLS Group Limited’s A$38.1 Million Lithium Trial Tests Australia’s Battery-Materials Ambition
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PLS Group Limited’s A$38.1 Million Lithium Trial Tests Australia’s Battery-Materials Ambition

PLS Group Limited has started commissioning a lithium-processing demonstration plant at Pilgangoora, backed by up to A$38.1 million in Australian government funding. The plant will use Calix’s electric-kiln technology and is expected to produce first lithium phosphate in the September quarter of 2026. PLS reported record March-quarter production and revenue, with lithium prices and sales both rising.
April 27, 2026
Why Ceres Power Shares Jumped Again as AI Data Centres Scramble for Power
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Why Ceres Power Shares Jumped Again as AI Data Centres Scramble for Power

Ceres Power shares jumped 10% to 555.50 pence in London Monday, leading FTSE 250 risers and bringing gains to 81% over the past month. The move follows the launch of its Endura solid oxide platform aimed at data centres facing grid delays. Ceres reported 2025 revenue down 37% to £32.6 million but booked its first royalties and £45 million in contracted 2026 revenue. The company licenses its technology to partners including Doosan and Shell.
April 27, 2026
IQE’s £81 Million Funding Deal: MACOM Investment Ends Sale Review and Targets AI Chip-Wafer Demand
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IQE’s £81 Million Funding Deal: MACOM Investment Ends Sale Review and Targets AI Chip-Wafer Demand

IQE said Monday it will raise £81 million from MACOM and existing investors, ending its strategic review and keeping the company independent. MACOM will invest £45 million, taking shares at a 58% discount and secured convertible notes. The deal requires shareholder and national security approval. IQE shares closed up 3.8% in London before the announcement.
April 27, 2026
Sage Stock Edges Up as Buyback and AI Push Set Up a May Test
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Sage Stock Edges Up as Buyback and AI Push Set Up a May Test

Sage shares rose 0.2% to 904.60p in late London trading after disclosing a 421,226-share buyback worth about £3.8 million. The purchase is part of a £300 million programme running through June. Interim results are due May 21, with investors watching growth, margins, and AI spending. Sage recently launched its HCM product for North America, featuring an AI payroll tool.
April 27, 2026
China Blocks Meta’s $2 Billion Manus AI Deal as U.S. Tech Money Comes Under Fire
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China Blocks Meta’s $2 Billion Manus AI Deal as U.S. Tech Money Comes Under Fire

China on Monday ordered Meta to unwind its $2 billion-plus acquisition of AI startup Manus, citing foreign investment restrictions. Manus, founded in Beijing and later moved to Singapore, had already integrated staff into Meta’s Singapore offices. The National Development and Reform Commission did not publicly name Meta or provide detailed reasons. Meta said the deal complied with all applicable laws.
April 27, 2026
DroneShield (ASX:DRO) Faces Monday Test After $155 Million Revenue Update and CEO Shift
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DroneShield (ASX:DRO) Faces Monday Test After $155 Million Revenue Update and CEO Shift

DroneShield reported first-quarter revenue of A$74.1 million, up 121% from a year earlier, and posted A$222.8 million in cash with no debt. The company’s shares last traded at A$3.72, recovering after a 20% drop earlier this month following CEO Oleg Vornik’s resignation and share sales by top executives. New CEO Angus Bean said the business is focusing on recurring software revenue and a diverse contract mix.
April 26, 2026
Lynas Rare Earths Becomes the Pentagon’s China Hedge as Malaysia Plant Takes Center Stage
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Lynas Rare Earths Becomes the Pentagon’s China Hedge as Malaysia Plant Takes Center Stage

Lynas Rare Earths has begun processing heavy rare earths like samarium, terbium, and dysprosium at its Malaysian plant, breaking China’s near-monopoly on these materials, The Wall Street Journal reported. The company started samarium oxide production in March, aiming for 400 tonnes annual output. Lynas signed a four-year U.S. supply deal and reported quarterly sales revenue more than doubling to A$265 million.
April 26, 2026
Xero Shares Hold A$80 Before Results as Melio and AI Bets Face Their Test
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Xero Shares Hold A$80 Before Results as Melio and AI Bets Face Their Test

Xero shares closed at A$81.51 on Friday, up 0.3%, valuing the company at about A$13.9 billion. The stock remains down 28.65% in 2026 ahead of its May 14 full-year results, which will detail progress on its $2.5 billion Melio acquisition and U.S. payments push. Xero last updated the market on April 16. Over two million subscribers use its AI features, according to the company.
April 26, 2026
PLS Group’s $38.1 Million Lithium Bet Tests Australia’s Battery Ambition
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PLS Group’s $38.1 Million Lithium Bet Tests Australia’s Battery Ambition

PLS Group has begun commissioning a lithium processing demonstration plant at Pilgangoora after securing up to A$38.1 million in ARENA funding and an offtake deal with Ningbo Ronbay. March-quarter revenue rose 52% to A$567 million as realised lithium prices jumped. Production increased 12% to 232,400 tonnes, while sales fell 16%. The company’s cash balance reached A$1.46 billion.
April 26, 2026
ANZ’s First AI Chief Hire Puts Its Turnaround on a Bigger Clock
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ANZ’s First AI Chief Hire Puts Its Turnaround on a Bigger Clock

ANZ has appointed Kai Yang from HSBC as its first chief data and artificial intelligence officer, with Yang set to start in Sydney in July. The hire comes days before ANZ’s May 1 half-year results, a key moment for CEO Nuno Matos’ restructuring efforts. Yang will report to Chief Information Officer Donald Patra. ANZ is the last of Australia’s big four banks to create a senior AI oversight role.
April 26, 2026
Fortescue Ltd’s $680 Million Pilbara Power Bet Draws an Early Test From Miners and Data Centres
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Fortescue Ltd’s $680 Million Pilbara Power Bet Draws an Early Test From Miners and Data Centres

Fortescue shares fell 5.67% to A$19.78 on Friday after the company approved a US$680 million expansion of its Pilbara renewable energy project. Pilbara Minerals indicated willingness to collaborate on green power, as Fortescue targets industrial users including data centres. Fortescue shipped 48.4 million tonnes of iron ore in the March quarter, up 5% year-on-year. Full-year shipment guidance was maintained.
April 26, 2026
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