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.

0810 GMT - Shares of European semiconductor companies are in the red following a selloff in Asian chip stocks. South Korea's SK Hynix closed nearly 5.1% lower, while Samsung Electronics shed 5.4%. In Europe, shares of Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International are down 1% and 1.4%, respectively. BE Semiconductor Industries, the Dutch supplier of semiconductor assembly equipment, is down 1.7%. German chip maker Infineon Technologies stock loses 1.3%. STMicroelectronics shares are down 0.1%. Meanwhile, the E-mini Nasdaq 100 futures contract edged 0.8% lower, pointing to a weak opening for tech stocks in the U.S. (mauro.orru@wsj.com)

0801 GMT - SK Hynix shares appear undervalued given accelerating memory-chip price increases amid intensified competition among chip buyers, says Daishin Securities' Ryu Hyung-keun. The South Korean chip maker, which started shipping its high bandwidth memory 4 products--the most advanced type of DRAM chips used in artificial-intelligence applications--in 3Q, is likely to post stronger-than-expected overall DRAM sales in 4Q, the analyst says. "The current stock price does not fully reflect the strength of the business conditions," Ryu writes in a note. He expects HBM4 to account for 40% of the company's total 3Q revenue and 50% of its annual revenue in 2027. Daishin maintains its buy rating and 3,200,000 won target price for the stock. Shares fell 5.0% to close at 1,768,000 won. (kwanwoo.jun@wsj.com)

0752 GMT - BT Group's approach to debt reduction supports the case for future dividends and buybacks, Bernstein analysts write in a note. The U.K. telecommunications company is nearing the end of its fiber investment cycle, which could lead to higher free cash flow as capital expenditures return to normal, they say. Additionally, BT is shifting from a phase of decline to one of stabilization as Openreach line losses seem to be plateauing. "Openreach's [which is owned by BT] scale advantages should support a more rational competitive environment in U.K. broadband over time," they say. Shares are up 0.1% at 1.97 pounds. (najat.kantouar@wsj.com)

0521 GMT - The DRAM shortage will likely keep memory prices high through 2028, but the momentum could ease as device leaders push back, Morningstar analyst Phelix Lee says in a note. Long-term agreements restrict South Korean memory suppliers from aggressively raising prices, he notes. Meanwhile, China's CXMT has locked in competitive prices despite its lagged technology, thanks to looser contract terms, the analyst says. Price hikes for conventional DRAM could slow further as device makers like Apple face sharp margin compression and increasingly push back on further rises, he adds. Lee expects memory makers to continue experiencing robust margins over the next two years, but further upside is limited. (sherry.qin@wsj.com)

0328 GMT - Telekom Malaysia's medium- to longer-term outlook appears upbeat, supported by resilient demand across business segments and rising data-center activity, Public Investment Bank analyst Ng Bei Shan says in a note. Strong demand could accelerate data-center capacityexpansion, with full completion of its TM Nxera facility potentially fast-forwarding to 2029 from 2032, she says. TM could also pursue partnerships, acquisitions or new facilities to capture growing demand, she reckons. Its enterprise business could benefit from wider offerings in cloud, cybersecurity and artificial intelligence, while fiber customer base should remain broadly stable. Lower manpower costs from 2027 and additional debt capacity could provide room for further investment, she adds. Public IB maintains its outperform rating and keeps target price at 9.12 ringgit. Shares are 1.0% lower at 7.86 ringgit. (yingxian.wong@wsj.com)

0313 GMT - Tencent's shares are still very undervalued, Morningstar analyst Ivan Su says in a research note. Tencent's shares have gained some momentum recently after Meta's artificial-intelligence agent app Muse gained traction, the analyst says. Investors have viewed Muse's popularity as a positive sign for Tencent, which is testing a similar AI agent, Xiaowei, within WeChat, Su says. He thinks Xiaowei has a structural advantage over Muse as it sits within WeChat, China's most-used app, while Muse is a standalone download. Still, Tencent's shares are at roughly a 40% discount to Morningstar's 780 Hong Kong dollar target price. "A successful AI agent launch, likely later this year, could be a catalyst for the shares," he adds. Shares are last at HK$442.00.