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ASX:WES.AX 16 January 2026 - 24 February 2026

Wesfarmers share price drops on ex-dividend day — what investors watch next

Wesfarmers share price drops on ex-dividend day — what investors watch next

Wesfarmers shares fell 1.8% to A$81.09 on Tuesday, extending a week-long slide as the stock traded ex-dividend for its A$1.02 interim payout. The record date for the fully franked dividend is Wednesday. The S&P/ASX 200 closed down 0.04%, with consumer discretionary stocks weaker. Wesfarmers has faced pressure since reporting higher profit but warning on costs last week.
24 February 2026
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Stock Market Today

  • Palantir Shares Plunge 7.3% on Michael Burry's Warning Over Anthropic Competition
    April 9, 2026, 6:10 PM EDT. Palantir Technologies (PLTR) shares fell 7.3% to $130.49 after investor Michael Burry criticized the company, citing intense competition from AI startup Anthropic. Burry highlighted Anthropic's rapid annual recurring revenue (ARR) growth from $9 billion to $30 billion, signaling a shift towards more cost-effective and user-friendly AI solutions. Thursday's trading volume surged 82% above the three-month average, reflecting heightened investor caution. Despite Palantir's IPO surge since 2020, concerns linger over its valuation and ability to sustain AI revenue growth and government contracts. Meanwhile, the S&P 500 and Nasdaq gained modestly, with software peers Microsoft and Oracle posting declines amid sector scrutiny. Burry's comments emphasize the increasing pressure on Palantir to justify its premium price amid evolving AI market dynamics.

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MARA Holdings Stock Rises Even After Target Cut as Bitcoin Miner Leans Harder Into AI

MARA Holdings Stock Rises Even After Target Cut as Bitcoin Miner Leans Harder Into AI

9 April 2026
MARA Holdings shares rose 1.7% to $9.67 Thursday despite Cantor Fitzgerald cutting its price target to $10. The company recently sold 15,133 bitcoin for $1.1 billion and agreed to repurchase $1 billion in convertible notes at a discount. MARA is expanding into AI and cloud infrastructure, but fourth-quarter revenue fell 6% and it posted a $1.7 billion net loss.
CoreWeave secures fresh $21 billion Meta AI deal as debt push raises stakes

CoreWeave secures fresh $21 billion Meta AI deal as debt push raises stakes

9 April 2026
Meta Platforms signed a new $21 billion deal with CoreWeave for AI cloud computing capacity through 2032, according to a securities filing. CoreWeave shares rose 3.4% in after-hours trading. The agreement adds to a $14.2 billion commitment disclosed last September. CoreWeave also launched $3 billion in convertible notes and upsized a senior-notes deal to $1.75 billion.
Tesla Revives Cheaper EV Push With New Compact SUV as Sales Pressure Builds

Tesla Revives Cheaper EV Push With New Compact SUV as Sales Pressure Builds

9 April 2026
Tesla is developing a lower-cost compact SUV, with initial production planned for Shanghai, Reuters reported Thursday. The company built 408,386 vehicles and delivered 358,023 in the first quarter, leaving its widest gap in at least four years. Reuters said the new SUV likely will not reach production this year. Tesla did not respond to questions about the project.
NIO ES9 Price Starts at 528,000 Yuan as Flagship SUV Bet Faces China EV Slump

NIO ES9 Price Starts at 528,000 Yuan as Flagship SUV Bet Faces China EV Slump

9 April 2026
NIO opened pre-orders for its ES9 flagship SUV Thursday, pricing it at 528,000 yuan with battery or 420,000 yuan under its Battery-as-a-Service plan. March deliveries rose 136% year-on-year, but NIO’s U.S. shares fell 4.9% after the announcement. The ES9 enters a shrinking premium SUV market in China, competing with Li Auto and Aito. CEO William Li warned chip shortages could add up to 10,000 yuan per vehicle.
Plug Power Stock Climbs After 2026 Profit Push, Up to $200M Cost-Cut Plan

Plug Power Stock Climbs After 2026 Profit Push, Up to $200M Cost-Cut Plan

9 April 2026
Plug Power shares rose 2.5% to $2.715 Thursday after the company reaffirmed its target of positive EBITDAS by end-2026 and projected up to $200 million in savings from Project Quantum Leap. The update followed a major electrolyzer project win in Quebec and investor meetings in Toronto and Montreal. Plug reported 2025 revenue of $710 million and a fourth-quarter gross profit of $5.5 million.
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