Technology 23 April 2026 - 26 April 2026

Palantir Stock Just Got a $200 Wake-Up Call as PLTR’s AI Bet Faces Its Next Test
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Palantir Stock Just Got a $200 Wake-Up Call as PLTR’s AI Bet Faces Its Next Test

Palantir closed Friday at $143.09, up 1.1%, with a market value of $367.9 billion, but remains down about 20% for the year. The company reports first-quarter results May 4, after securing a $300 million USDA agreement and as the Pentagon formalizes Maven. Analyst John McPeake maintained a Buy rating and $200 target, citing Palantir’s enterprise AI revenue growth. Shares are still 31% below their November 2025 high.
April 25, 2026
RELX PLC Says AI Is Driving Growth. The Market Is Still Asking One Big Question
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RELX PLC Says AI Is Driving Growth. The Market Is Still Asking One Big Question

RELX shares rose 0.45% to 2,703p Friday after the company reaffirmed its 2026 outlook and launched a new £350 million buyback. The update came as Freshfields and Anthropic announced a multi-year legal AI deal, intensifying competition in legal data. RELX reported strong starts across all divisions, with double-digit legal growth from its AI-enabled Lexis+ platform.
April 25, 2026
PLS Group Limited Starts A$38.1 Million-Backed Lithium Plant Trial as Battery Supply Chain Shifts
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PLS Group Limited Starts A$38.1 Million-Backed Lithium Plant Trial as Battery Supply Chain Shifts

PLS Group has begun commissioning a lithium processing demonstration plant at Pilgangoora, backed by A$38.1 million in government funding and an offtake deal with China’s Ningbo Ronbay. The plant aims to process 27,000 tonnes of spodumene concentrate into 3,000 tonnes of lithium phosphate annually. PLS reported record March-quarter production and closed a US$600 million bond issue. The project remains in validation, not full commercial phase.
April 25, 2026
Telstra Group Limited’s AI Bet Has a New Number: 30% of Customer Queries
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Telstra Group Limited’s AI Bet Has a New Number: 30% of Customer Queries

Telstra CEO Vicki Brady said AI now handles 30% of customer queries on the company’s website and app, following the rollout of a generative AI assistant last November. Brady told Microsoft’s AI Tour in Sydney that 75% of Telstra teams use AI tools weekly, with a target of 85% this year. Microsoft separately announced a A$25 billion Australian investment in AI infrastructure and cloud services by 2029.
April 25, 2026
ANZ Group Holdings Hires First AI Chief From HSBC as Australia’s Bank Tech Race Tightens
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ANZ Group Holdings Hires First AI Chief From HSBC as Australia’s Bank Tech Race Tightens

ANZ Group has appointed Kai Yang, formerly HSBC’s chief data and analytics officer for Asia and the Middle East, as its first chief data and AI officer. Yang will start in Sydney in July, reporting to group CIO Donald Patra. The move comes days before ANZ’s half-year results and follows CEO Nuno Matos’ efforts to overhaul technology and risk management. HSBC confirmed Yang’s departure was for family reasons.
April 25, 2026
Google’s $40 Billion Anthropic Bet Sharpens the AI Compute Race
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Google’s $40 Billion Anthropic Bet Sharpens the AI Compute Race

Google will invest up to $40 billion in Anthropic, starting with $10 billion at a $350 billion valuation and up to $30 billion more tied to performance. Anthropic’s annualized revenue has surpassed $30 billion, up from $9 billion at the end of 2025. Google and Anthropic have a five-year data-center deal that could reach $200 billion. Amazon separately announced up to $25 billion in new investment in Anthropic this week.
April 24, 2026
Commonwealth Bank Job Cuts: Why CBA’s AI Push Is Hitting Bankwest Now
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Commonwealth Bank Job Cuts: Why CBA’s AI Push Is Hitting Bankwest Now

Commonwealth Bank of Australia plans to cut about 119 jobs, including 43 at Bankwest, amid increased use of automation and artificial intelligence. The Finance Sector Union said six roles were directly impacted by automation and warned of further job losses. CBA has not formally announced the cuts but said its workforce grew by 2,500 in 2025. The bank recently deployed an AI system to detect payment fraud.
April 24, 2026
Nvidia Stock Is Back Near a Record, But the $300 Path Just Got Harder
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Nvidia Stock Is Back Near a Record, But the $300 Path Just Got Harder

Nvidia shares rose 4.8% to $209.15 Friday morning, nearing their 52-week high ahead of the company’s May 20 earnings report. The chipmaker has guided for $78 billion in quarterly revenue, excluding China data-center sales. Rival chipmakers and cloud firms, including Google and Broadcom, have posted stronger gains this year as investors diversify AI bets. Nvidia’s Vera Rubin system remains a focus for future demand.
April 24, 2026
BAE Systems’ Norway Frigate Win Hits a UK Navy Bottleneck as Shares Slip
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BAE Systems’ Norway Frigate Win Hits a UK Navy Bottleneck as Shares Slip

A UK defence minister confirmed Royal Navy frigate build slots were ceded to Norway under a £10 billion deal with BAE Systems, with no new UK orders yet to fill the gap. BAE shares fell 1.8% Friday as concerns grew over delays in replacing older Type 23 ships. The first new UK Type 26 frigate is expected in 2028, with production stretching into the mid-2030s. Norway plans to buy at least five Type 26 ships.
April 24, 2026
London Stock Exchange Group’s Record Q1 Puts AI Doubts on the Back Foot
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London Stock Exchange Group’s Record Q1 Puts AI Doubts on the Back Foot

London Stock Exchange Group reported a 9.8% rise in first-quarter total income excluding recoveries to £2.42 billion, beating analyst expectations. The company raised its 2026 revenue-growth outlook after strong trading volumes and continued data business growth. LSEG shares rose up to 4% on Thursday but remain down about 12% over the past year. The group bought back £1.1 billion in shares during the quarter.
April 24, 2026
Lynas Rare Earths Revenue Jumps 115% as U.S., Japan Lock In Non-China Supply
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Lynas Rare Earths Revenue Jumps 115% as U.S., Japan Lock In Non-China Supply

Lynas Rare Earths reported March-quarter sales of A$265 million, up 115% year-on-year, as buyers sought supply outside China. Average selling price reached A$84.60 per kg, with NdPr prices up 25% from the prior quarter. The company produced 3,233 metric tons of rare earth oxides and signed new supply deals with Japan and the U.S. Rising input costs remain a concern.
April 24, 2026
S&P 500, Nasdaq Records Face $105 Oil Test as AI Rally Meets Iran War Risk
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S&P 500, Nasdaq Records Face $105 Oil Test as AI Rally Meets Iran War Risk

U.S. stocks fell Thursday, with the Dow down 180.70 points to 49,309.33, the S&P 500 off 0.41%, and the Nasdaq dropping 0.89%, as Brent crude settled at $105.07 and investors reacted to renewed U.S.-Iran tensions. ServiceNow shares plunged 17.7%, IBM lost 8.3%, and Tesla slid 3.6% after announcing higher capital spending. Japan’s Nikkei briefly topped 60,000 before closing lower.
April 24, 2026
Cochlear Shares Extend Rout After FY26 Profit Cut, Weak Demand Warning
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Cochlear Shares Extend Rout After FY26 Profit Cut, Weak Demand Warning

Cochlear slashed its fiscal 2026 profit forecast to A$290 million–A$330 million, down from A$435 million–A$460 million, citing weaker implant demand and Middle East conflict uncertainty. Shares plunged 40.7% Wednesday and fell another 4.6% Thursday to A$95.00. The company warned of flat developed-market revenue and possible order cancellations. Analysts called the downgrade “far worse than anticipated.”
April 23, 2026
Tesla Earnings: Profit Beat Faces a $25 Billion AI and Robotaxi Test
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Tesla Earnings: Profit Beat Faces a $25 Billion AI and Robotaxi Test

Tesla raised its 2026 capital spending plan to over $25 billion, citing investments in AI, robotaxi, and Optimus robot projects. First-quarter net income rose 17% to $477 million on revenue of $22.39 billion. Deliveries climbed 6% to 358,023 vehicles, while capital expenditure jumped to $2.49 billion from $1.49 billion a year earlier. Tesla shares fell 3.5% despite higher profit and free cash flow.
April 23, 2026
Self-Checkout Crackdown Spreads Across U.S. With 15-Item Caps, New Staffing Rules
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Self-Checkout Crackdown Spreads Across U.S. With 15-Item Caps, New Staffing Rules

U.S. cities and states are advancing limits on self-checkout, with Long Beach and Costa Mesa enforcing new rules and measures pending in New York City, Massachusetts, Rhode Island, and Ohio. Connecticut’s bill failed last week. Target now restricts self-checkout to 10 items at most stores, reporting faster transactions. Proposed laws include item caps, staffing ratios, and fines for violations.
April 23, 2026
RELX PLC Reaffirms 2026 Outlook, Starts £350 Million Buyback as Legal AI Growth Holds Up
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RELX PLC Reaffirms 2026 Outlook, Starts £350 Million Buyback as Legal AI Growth Holds Up

RELX Plc launched a new £350 million share buyback after shareholders approved repurchase authority at its annual meeting Thursday. The company maintained its 2026 outlook, citing strong revenue and profit growth across all divisions. All 21 AGM resolutions, including a 48 pence dividend, passed with over 99% support. The buyback will run from April 23 to May 22, managed by J.P. Morgan.
April 23, 2026
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