The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.

1626 ET - Dell Technologies shares trade higher after-hours, as the company reports revenue reaching a record high of $46.97 billion and lifts its full-year revenue outlook by $25 billion at the midpoint. The results were driven by demand for both traditional servers and networking and servers optimized for artificial-intelligence. Dell now forecasts AI-optimized server revenue hitting $74 billion in the current fiscal year, up from a previous view of $60 billion. Shares gain 10% to $468 after the close of regular trading. (elias.schisgall@wsj.com)

1456 ET - Bombardier's agreement to acquire MHI Canada Aerospace's Mississauga footprint eliminates tier-1 supply chain friction across its flagship Global and Challenger lines. By absorbing 340,000 square feet of manufacturing and logistics capabilities alongside their roughly 750 specialized workers, Bombardier is bringing in-house wing and fuselage production, taking some of the pressure off multi-year assembly schedules and lead times that constrain the broader aerospace sector. The move positions Bombardier to more efficiently convert its $21.8 billion backlog into deliveries, capitalizing on steady business jet demand and an expanding defense segment without relying on overstretched external suppliers. (adriano.marchese@wsj.com)

1429 ET - Each of Canada's big bank's beat consensus expectations for fiscal 3Q, yet most stocks traded lower. TD Cowen suggests valuation played a role, as did poor earnings quality and a growing awareness that topline growth could slow materially as trading conditions normalize. TD says it doesn't support the narrative that credit was an issue for the banks, since impaired provisions for credit losses fell and consumer delinquencies improved in the important unsecured category. That said, TD reckons Bank of Nova Scotia appears to be on the mend, with the resumption of balance sheet growth the key indicator it needed to see to support moving to a buy call from hold with a target of C$141 from C$124 previously. (robb.stewart@wsj.com)

1311 ET - As Apple enters a new era under CEO John Ternus, new hardware will be the key to the next 5 years, according to D.A. Davidson in a note. Ternus is expected to unveil a foldable iPhone at Apple's launch event next week. That, coupled with recent price hikes across the company's portfolio, will likely drum up enough excitement and revenue to get Ternus' tenure off to a good start, analyst Gil Luria says. Looking ahead, though, investors and consumers will want more hardware innovations, such as a glass iPhone, AirPods with cameras and--potentially--smart glasses, he adds. "At the same time, AI may be starting to drive a new opportunity for Apple as an orchestrator and harness for AI models," Luria says.(connor.hart@wsj.com)

1306 ET - Robinhood Markets' expansion of its product capabilities is paying off in the company's economics, Morgan Stanley analysts say, upgrading the stock to overweight. They say Robinhood is creating more ways to grow revenue, rather than just relying on stronger retail trading. Robinhood now has 13 business lines generating more than $100 million a year, including retirement, banking, credit cards and prediction markets. The broader array of offerings give customers more reasons to consolidate their assets onto Robinhood, the analysts say. Shares are up 33% over the past six months. (katherine.hamilton@wsj.com)

1238 ET - Gulf stocks end mixed as geopolitical uncertainty and expectations of tighter U.S. monetary policy keep investors cautious and selective, despite higher oil prices offering some support, says Milad Azar of XTB MENA. Domestic fundamentals and individual stocks are playing a greater role in determining daily moves across regional markets, he says. Qatar's QE Index rises 0.5%, while Abu Dhabi's benchmark index falls 0.3% and Saudi Arabia's Tadawul All Share Index drops 0.2%. Qatar's outperformance appears broader than QNB's gains, with the country's strong energy exposure and resilient fiscal position also helping attract investors, Azar says. (farhan.rafid@wsj.com)

1226 ET - Recent pullbacks across Canadian industrial and tech names like Bird Construction, Toromont and Finning International stem from a broader market unwinding of "AI-exposed" trade, says Maxim Sytchev of National Bank of Canada. He points to macro equity position and valuation pullback as data center construction and power requirements pulled heavy equipment operators and contractors into the broader AI supply chain basket, their valuations expanded rapidly alongside tech names. "You are seeing this in the (under)performance of tech names, neoclouds, construction and equipment names, concurrently, today," he says. While infrastructure jobs are likely safe, the key question going forward will be the companies' valuations in the current environment. (adriano.marchese@wsj.com)

1203 ET - Venture capital firm Andreessen Horowitz raised an additional $1.75 billion for its fifth growth fund, bringing the total raised for that fund to $8.5 billion. That mammoth haul comes as the median pre-money valuation of growth-stage venture-backed companies in the U.S. jumped to $620.2 million in the first half of this year, according to data from PitchBook, up from $245.5 million in 2025. The firm described the current investing environment as unprecedented, and said it is watching half a dozen "megatrends," including consumer and enterprise AI adoption, robotics and AI infrastructure. (sarah.klearman@wsj.com)

1146 ET - After a brief break last week, bitcoin ETFs are back to attracting capital from other assets. Bitcoin ETFs recorded a net inflow of $216.7 million Monday, resuming a multi-week streak of inflows that were only interrupted on Friday, according to data from CoinGlass. The uptick in Treasury yields should be a factor pressuring bitcoin, but analysts say that indicators coming later this week look to establish the likelihood of an interest rate hike coming this month -- which may then impact the direction for bitcoin and other cryptocurrencies. "The cryptocurrency could remain at risk as expectations of a more restrictive monetary policy in the United States continued to lift Treasury yields," says Milad Azar of XTB MENA in a note. (kirk.maltais@wsj.com)

1131 ET - Canada's planned nuclear buildout hinges on lowering its cost of capital through structural policy support rather than contractually shifting risk onto project developers, says CIBC's Krista Friesen. Pointing to a Canadian Nuclear Association report, Friesen says that "transferring risk contractually does not eliminate it," but that "assigning excessive risk to project participants can increase costs, weaken counterparties and ultimately undermine delivery." The report suggests financing frameworks must provide "cost-effective capital through predictable policy and market structures that reduce project risk and financing costs." She notes that by April 2027, the federal government is expected to release a draft policy on financing new nuclear projects and should "support further CANDU [a Canadian-designed reactor] deployment in Canada." (adriano.marchese@wsj.com)

1056 ET - The euro will be driven largely by relative growth considerations and interest-rate expectations, which should provide support for the currency going forward, MUFG currency analysts say in a note. "Recent signs of economic resilience and the continued willingness of the European Central Bank to respond to upside inflation risks will continue to provide support for euro/dollar," they say. These factors will be more important than political risks, including German state elections in September and the French presidential election in April 2027, they say. MUFG forecasts the euro to rise to $1.1800 by end-2026 and then $1.2000 by the end of the first quarter of 2027, compared with $1.1602 currently. (jessica.fleetham@wsj.com)

1047 ET - For software-as-a-service providers like Thomson Reuters battered by fears of AI displacement, teaming up with frontier AI developers could be a path to staying relevant. In a TD Cowen report, analyst Vince Valentini points to the new partnership between Salesforce and Claude developer Anthropic. "We believe that events like these will help change the narrative around SaaS names like TRI that will be ultimate AI beneficiaries," he says. Moreover, these "deep partner ecosystems make sense for AI labs who want to monetize their products," he says, especially those that face "an uphill battle if they are trying to both take on incumbents while gaining scores of new customer relationships."