The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

1137 ET - T-Mobile has launched a new artificial intelligence-enabled tool that aims to quell service slowdowns in massive crowds. Dubbed "Dynamic CX," the new capability helps the network automatically adapt to demand shifts in real time. Dynamic CX is able to identify potential mass gatherings, like sporting events and music festivals, by analyzing publicly available event information and online activity to better prepare the network in advance. Once the event is underway, the capability can monitor for where the crowd is moving and shift network power accordingly. The rollout of the new tool is well-timed as soccer fans prepare to swarm host cities for this summer's World Cup. (dean.seal@wsj.com)

1111 ET - Hedge funds top the list of AI adopters among buy-side institutions, the Barclays' AI in Fixed Income survey conducted in May shows. A total of 72% of hedge funds reported that "AI is embedded in daily workflows," compared with 49% of long-only asset managers and 38% of asset owners, Barclays' Andrea Lafuente and Zornitsa Todorova say in a note. "Hedge funds stand out as the most advanced adopters, with only 8% reporting that AI plays a limited role today." (miriam.mukuru@wsj.com)

1038 ET - California's high utility-scale battery storage capacity is limiting the state's call on natural-gas fired electricity to meet demand when solar generation falls off, East Daley Analytics says in a note. "California's battery component is proving particularly effective at displacing gas load," the energy intelligence firm says. "Early trends in the 2026 summer suggest the transition to solar and batteries continues to eat away at gas use." Although battery storage initially manages the evening rise in electricity demand, gas-fired generation remains critical to maintain reliability after battery discharge tapers later in the night, East Daley adds. (anthony.harrup@wsj.com)

1036 ET - Descartes Systems continues to demonstrate a defensible competitive position as AI adoption accelerates across logistics, according to William Blair in a note. Analyst Dylan Becker says management emphasized that customers rely on Descartes to solve "complex problems across enterprise that they cannot address on their own," a dynamic strengthened by the company's proprietary data and workflow expertise. Becker also says management noted that Descartes' MacroPoint AI agent has lifted tracked shipment rates to 93% from 87% and draws more carriers onto the network. "We believe Descartes remains well positioned to continue delivering innovative solutions powered by AI," Becker says. (adriano.marchese@wsj.com)

1019 ET - CrowdStrike's 1Q was an expectations miss, UBS analysts say in a research note. With net new annual recurring revenue of $256 million coming in below investor hopes "and 2% beat coming in well below the fairly steady cadence of 10%+ beats over the past few quarters," the analysts say the main debate from here will be around "beat cadence" going forward. That said, management spoke about a record pipeline and significantly increased the 2Q/FY NNARR outlook, according to the analysts. They add that they expect Anthropic's Mythos to ultimately be a tailwind to cybersecurity spend. UBS maintains its buy rating and raises its price target to $790 from $525. CrowdStrike is off 7% to $693.97. (connor.hart@wsj.com)

0947 ET - CrowdStrike is sharply lower despite 1Q earnings and revenue beats, and Wedbush says "we would be buyers of weakness in shares." The firms says the 1Q readout reflects an expansive pipeline for its cyber-AI product portfolio, which remains a significant driver of its bookings pipeline. "We continue to believe that CrowdStrike's position as the gold standard of cybersecurity remains firmly unchanged with the company's innovative, best-in-class Falcon platform becoming increasingly important in the new modern AI threat landscape," the analysts say in a note. Wedbush maintains its outperform rating and raises its price target to $720 from $700. CrowdStrike sinks 8.4% to $684.44. Shares are up 47% year-to-date. (connor.hart@wsj.com)

0921 ET - The elevated expectations for Broadcom's F2Q results were hard to live up to, according to D.A. Davidson in a note. The chip maker's F3Q guidance was ahead of Wall Street consensus estimates, but still failed to impress, analyst Gil Luria says. More ambitious estimators were already pricing in an accelerated pace of AI revenue growth, he says. One area of the F3Q outlook that fell short of consensus was AI semiconductor revenue, which came in about $400 million below estimates. Luria believe the outlook represents a conservative stance and is more a function of the timing of shipments and managing expectations. Broadcom plunges 14% premarket. (katherine.hamilton@wsj.com)

0917 ET - Broadcom is now only selling chip solutions to its customers, resulting in a more moderate outlook for AI-related sales, according to Susquehanna in a note. The analysts had been expecting that Broadcom would no longer sell racks to Anthropic in FY26, and the company confirmed Wednesday it would start solely selling chip solutions to customers. The move explains "the tepid guidance" for AI revenue, the analysts say. "Nonetheless, broader demand here remains 'insatiable' as AI semis bookings in the quarter reached >$30B," Susquehanna says. Broadcom slides 15% premarket. (katherine.hamilton@wsj.com)

0840 ET - Global share buyback announcements set a two-month record in April and May, totalling $533 billion, say JPMorgan analysts in a note. Tech buybacks accounted for most of this increase, which appears puzzling given concerns about the amount tech is spending on AI capital expenditures. But the past few quarters have seen more favorable news in terms of the financing needs of the tech sector, the analysts say, with a stronger trajectory for cash flow vs. capital expenditure growth, "thus helping to increase its financing surplus and bolster its buybacks." (nicholas.miller@wsj.com)

0813 ET - Strategy's next announcement regarding its bitcoin holdings will play a key role in determining whether the cryptocurrency extends its losses, Standard Chartered's Geoff Kendrick says in a note. On Monday, the bitcoin treasury company said it sold 32 bitcoin last week for about $2.5 million, its first sale of the cryptocurrency since 2022. The news has contributed to bitcoin's sharp falls this week. When Strategy last sold bitcoin it bought back more than it sold just two days later, Kendrick says. "This time I suspect the buying following the selling will be more aggressive." That would curtail bitcoin's falls, he says. Bitcoin falls 4.2% to $62,207 after reaching a four-month low of $61,344 overnight, LSEG data show. (renae.dyer@wsj.com)

0741 ET - U.K. antitrust regulator's conduct requirement imposed on Google appears to be a positive step for all publishers and particularly owners of proprietary content, Panmure Liberum's Johnathan Barrett writes in a note. The Competition and Markets Authority said publishers should be allowed to opt out of feeding their content to power artificial-intelligence features in Google's online searches. The analyst says the conduct requirement recognises the asymmetry between Google and publishers and the need for transparency. "More importantly [the conduct requirement] provides a dynamic arrangement that can adjust to the AI market/Google's evolution and its behaviour," he adds. RELX and Informa shares are up 3.3% and 1.3%, respectively. (najat.kantouar@wsj.com)

0611 ET - Infineon Technologies is expected to benefit from the expansion of its Dresden facility as demand from AI customers is materially above the German chip maker's current capacity, Bank of America's Didier Scemama writes in a research note. Scemama reiterates a buy rating for the stock, but raises the price objective to 108 euros from 95 euros. Infineon expects to start production in the fourth module building of the Dresden plant in the summer. Scemama raises BofA's AI revenue estimates for Infineon to 3 billion euros in fiscal 2027 and 4.5 billion euros in fiscal 2028 from 2.65 billion euros and 4 billion euros, respectively. Infineon shares trade 4.3% lower at 84.22 euros. (mauro.orru@wsj.com)

(END) Dow Jones Newswires

June 04, 2026 12:20 ET (16:20 GMT)

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