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.

0738 GMT - Contemporary Amperex Technology looks well positioned to ride the global electrification trend, Macquarie analysts say, pointing to the battery maker's scale and R&D advantages as key barriers for rivals. Its 4Q gross margin of 28% beat expectations due to better capacity utilization and expanded scale, suggesting profitability could continue strengthening over the next 12 to 18 months despite input cost risks and geopolitical uncertainty, Macquarie says. The brokerage maintains an outperform rating on the stock and lowers its target price by 7% to 400 yuan. Shares last closed at 396.80 yuan. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

0504 GMT - Both Lenovo's smart devices and infrastructure service segments risk being hurt by surging memory prices, according to Citi analysts. The world's largest PC maker will prioritize the supply of memory chips for its smart device business, but it won't sacrifice profitability, the analysts say in a note after attending the company's investor meeting. Meanwhile, its infrastructure service business may have more room than expected to increase server margins, given the memory supply shortage, they say, citing management. The analysts note that the PC maker currently expects a limited, temporary impact from the Middle East conflict, as revenue from the region accounts for a low-single-digit share of overall revenue. Shares are 2.85% higher at HK$9.73. (sherry.qin@wsj.com)

0249 GMT - Gold Circuit Electronics stands to benefit from some tailwinds including supply-demand gap for printed circuit boards, Daiwa Capital Markets analysts say in a report. Given tight supply for multi-layer boards and a more cautious strategy of PCB vendors to ramp-up new capacity, supply of these boards for AI servers is expected to fall short of demand in 2026 and 2027, the analysts say. As such, the Taiwanese PCB vendor plans to expand MLB production capacity and lease new plants in Taiwan to mitigate the supply-demand gap. The brokerage raises the stock's target price to NT$1,100.00 from NT$730.00 with an unchanged buy rating. Shares are 9.9% higher at NT$898.00. (ronnie.harui@wsj.com)

0205 GMT - The impact of the Middle East conflict on TSMC should be manageable, Bernstein analysts say in a research note. TSMC's operations haven't been disrupted so far, the analysts say after a meeting with a senior TSMC executive. TSMC has good margins to absorb the incremental cost from higher energy prices and the ability to pass on higher costs to customers, they say. "Even in the extreme cases in which supply turns difficult in Taiwan, we believe TSMC will enjoy a priority access to energy," they say. TSMC has also been enhancing its supply-chain resilience with multiple resources for key supplies such as gas and chemicals, they add. Shares are last 2.4% higher at NT$1,895.00. (sherry.qin@wsj.com)

0119 GMT - Macquarie analysts see further earnings risks for Australian classifieds providers given the backdrop of rising local interest rates. They worry that interest-rate hikes in response to inflationary pressures including from fuel could put pressure on listings volumes at employment marketplace Seek and News Corp-controlled real-estate advertiser REA. They add that a stronger Australian dollar would also be a headwind for vehicle advertiser CAR Group, which has operations in the U.S., South Korea and Brazil. Looking to the broader debate over the potential impacts of artificial intelligence, they warn against expecting near-term cost reductions from automation. Any savings will probably be reinvested, they add. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com)

0106 GMT - Prolonged higher crude prices could pose a near-term risk to global chip makers such as TSMC, Samsung Electronics and SK Hynix, Morningstar's Phelix Lee says in a report. Sustained energy-price increases could raise cost pressures, slow artificial-intelligence infrastructure buildout and weaken demand for AI chips, the analyst notes. AI data centers consume three to five times more power than conventional data centers, he says. Morningstar estimates energy costs for TSMC, Samsung Electronics and SK Hynix accounted for 3%-6% of 2025 revenue and could rise materially if the Iran war persists. It expects those AI chip makers to pass on higher energy costs to customers. (kwanwoo.jun@wsj.com)

AeroVironment is seeing strong demand for its drones, bolstering its confidence in the current quarter and next fiscal year, Chief Executive Wahid Nawabi says during a call with analysts. "The demand for cost-efficient, artificial intelligence-enabled autonomous non-lethal and lethal drones and counter-drones are unprecedented," Nawabi says. "AV is well-positioned to capitalize on this generational opportunity that is in front of us." The defense contractor is working to scale up its production to stay on top of the demand, including with a new manufacturing facility in Salt Lake City, he says. He expects the facility will be operational in about a year, and produce more than $2 billion in products annually. (kelly.cloonan@wsj.com)

2235 GMT - Oracle's third-quarter earnings and outlook likely come as a "huge relief" to investors, Wedbush analysts say. Oracle's outlook for 2026 and 2027 point to the start of the company monetizing its AI businesses, the analysts say. Investors, who were watching Oracle's release closely for clues about the state of software and tech, will see this report as a vote of confidence for continued AI growth, the analysts say. Oracle also said it raised $30 billion of its anticipated $50 billion of investment financing. The analysts say this will alleviate concerns about Oracle's ability to finance its data center deals. Shares gain 8% after hours. (katherine.hamilton@wsj.com)

2034 GMT - Oracle says it is building more software in less time and with fewer people. AI models for generating computer code have become more efficient, prompting the cloud-computing company to restructure product development teams into smaller groups, Oracle says in its 3Q earnings report. As a result, Oracle is building more software-as-a-service applications for more industries at a lower cost, it says. "AI code generation is making our SaaS applications suites more competitive and more profitable," Oracle says. Shares gain 7.9% after hours. (katherine.hamilton@wsj.com)

1936 GMT - Palantir and TWG AI announce a partnership with Polymarket to monitor sports prediction markets for anomalous or suspicious activity. The partnership will use the Vergence AI engine, built by Palantir and TWG AI, to monitor trades, detect anomalies or potentially prohibited traders, and generate alerts and documentation for compliance and enforcement. The partnership comes amid high scrutiny about the potential for insider trading on Polymarket and its rival prediction markets company, Kalshi. The National Collegiate Athletic Association has expressed concerns about betting on college games, The Wall Street Journal reported last week. Polymarket has a data partnership with Dow Jones, the publisher of the Journal.(elias.schisgall@wsj.com)

1802 GMT - Meta continues to rapidly build up its AI talent and capabilities as it races to keep up with its rivals. The company says its acquiring Moltbook, a social platform built for AI agents to post and comment while human users observe. Moltbook's team will join Meta's Superintelligence Labs division, Meta says. The Instagram and Facebook owner has been working to scale up its AI-related business lately, including with its recent acquisition of Singapore-based AI startup Manus for more than $2 billion. The company has also forecast a big increase in spending for this year as it looks to build data centers, release new AI models and further infuse its core advertising business with AI. (kelly.cloonan@wsj.com)

1201 GMT - Constellation Software might accelerate its acquisition pace as sentiment in the software sector weakens. TD Cowen analyst David Kwan notes that M&A activity is already picking up, with more than $800 million in closed or pending deals so far in the first quarter, helped by falling public company valuations. He adds that Constellation is increasingly targeting public firms because valuations in the private market haven't yet declined to the same extent, and competition for attractive assets remains high. If private valuations eventually adjust downward, Kwan believes this could further support a stronger acquisition pipeline. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

March 11, 2026 04:20 ET (08:20 GMT)

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