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TADAWUL:1120.SR 1 March 2026

Saudi stocks week ahead: Tadawul braces for Iran fallout, Hormuz risk and OPEC+ decision

Saudi stocks week ahead: Tadawul braces for Iran fallout, Hormuz risk and OPEC+ decision

Saudi stocks face volatility after U.S. and Israeli strikes on Iran, with oil prices jumping and analysts warning of further gains if conflict disrupts energy flows. The Tadawul All Share Index last closed down 1.28%, while Saudi Aramco fell 3.03%. Several shippers have suspended transits through the Strait of Hormuz after Iran said it closed navigation. OPEC+ meets Sunday to discuss a possible output hike.
1 March 2026
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Stock Market Today

  • Palantir CEO Criticizes AI Spending of Anthropic and OpenAI Amid Rising Corporate AI Costs
    June 10, 2026, 12:38 PM EDT. Palantir CEO Alex Karp criticized major AI firms Anthropic and OpenAI for high enterprise AI spending and limited client satisfaction. Karp highlighted Palantir's role in supporting Anthropic projects and urged companies to move beyond costly token-based billing, a model charging users per text processed by AI. As corporate buyers set firm AI budgets, many face "sticker shock" with modest cost savings, per Bain data. Karp called out "token maxing," where usage inflates without real business impact, and promoted Palantir's steadier, operational AI approach. Meanwhile, Anthropic launched Claude Fable 5 to lower costs and add security features. Analysts like Wedbush reaffirm Palantir's strong position thanks to its integrated software and on-site engineers.

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