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.

1059 ET - Christopher Nolan's "The Odyssey" has been a game changer for IMAX, Benchmark analyst Mike Hickey says in a research note. The film's IMAX cumulative total box office gross has reached nearly $450 million, an unprecedented figure that will likely continue to climb after the movie is released in Japan next month, he continues. "'The Odyssey' should support what we expect to be an exceptionally strong 3Q26 for IMAX," Hickey says. "More importantly, we believe the film's success could rewire filmmaker and studio behavior by demonstrating the commercial value of designing and shooting major event films for IMAX." The movie's IMAX performance could be transformative to the company's long-term positioning and growth potential, especially after WSJ reported in May that IMAX was exploring a sale. IMAX is up 77% over the past 12 months. (connor.hart@wsj.com)

0509 ET - Telenor's current share price represents an attractive buying opportunity, despite competition concerns in the Nordics that have seen the stock lose 25% of its value this year, AlphaValue analyst Jean-Michel Salvador writes. The Norwegian telecommunications provider's share price halved in 2022 due to rising interest rates affecting the sector and investor concerns about its Asian strategy and the sustainability of dividends from those operations, he says. However, the stock rebounded over the subsequent three years, reaching new highs by the end of 2025. This recovery was driven by smart moves in Asia and the consolidation of Nordic operations, which alone should now be able to cover the dividend, he adds. AlphaValue rates Telenor at add and has a 154 Norwegian kroner target price. Shares rise 0.2% to 136.90 kroner. (dominic.chopping@wsj.com)

0340 ET - Apple and Samsung are expected to help sustain demand for smartphone displays through 2026, cushioning the market from a broader slowdown, according to TrendForce. The research firm says rising memory prices and supply shortages are increasing costs across the smartphone supply chain, prompting brands to take a more cautious approach to shipment planning. TrendForce forecasts global smartphone panel shipments to decline 2.5% to 2.25 billion units in 2026. Steady demand from Apple and Samsung devices, along with continued orders from repair and secondary markets, is helping support shipments. In 2Q, Chinese display giant BOE remained the top supplier with a 26.1% market share, ahead of Samsung Display and TCL CSOT. (jie.yang@wsj.com)

0340 ET - Meituan's food delivery business is likely to continue to improve, according to HSBC analysts in a research note. "The pace at which Meituan's food delivery loss has improved in 2Q surprised on the upside," they note. While order growth could turn negative year-over-year in 3Q on a high base of comparison, continued average order value improvement can drive better unit economics as Meituan continues to rein in user subsidies, the bank says. HSBC keeps a buy rating and raises its target price for Meituan to 110.00 Hong Kong dollars from HK$104.00. Shares last traded at HK$79.05. (tracy.qu@wsj.com)

0319 ET - Toyota Motor has the characteristics required to establish a meaningful presence in robotics, Goldman Sachs says in a note. Those include urgency in addressing supply-chain pressures associated with the shift to electric vehicles, hardware and software technology and management's positioning of robotics as a growth strategy. Continuous advancements in physical artificial intelligence are accelerating the development of humanoid robots, the U.S. bank says. The automotive industry is uniquely positioned to support the mass production of humanoid robots, the bank says. Toyota could produce about 190,000 to 540,000 humanoid robot units in 2035, implying a global market share of about 3%-8%, Goldman Sachs says. (kosaku.narioka@wsj.com; @kosakunarioka)

0133 ET - Hana Microelectronics' earnings visibility looks improved, ttb wealth securities' Pattadol Bunnak says in a research report. It started production in 3Q for two artificial-intelligence data-center-based orders, the analyst says. According to the electronics manufacturing services provider, its clients have recently increased order sizes after securing more contracts with U.S. hyperscalers. The Thai company expects two AI clients to be its top five customers in 2027, says the brokerage, which lifts its assumptions for AI orders to account for 12% and 13% of the company's sales in 2027 and 2028, respectively, from 7% earlier. The brokerage raises the stock's target price to 55.00 baht from 48.00 baht, with unchanged buy rating. Shares are 1.6% higher at 47.50 baht. (ronnie.harui@wsj.com)

0106 ET - Fed Chair Kevin Warsh's comments complicate the AI trade, Tiger Brokers market strategist James Ooi says in a note. Warsh said at the Jackson Hole symposium that the Fed policy remains unrestrictive given rapid business capex growth, much of it AI-related. Investors now have to weigh whether capex growth could increase the odds of tighter monetary policy, Ooi says. Higher interest rates raise discount rates, weighing on AI hardware valuations, he adds. Asian tech hardware stocks fall after U.S. semiconductor shares declined following Warsh's hawkish speech on Friday. SK Hynix falls 2.5%, Samsung Electronics drops 1.95% and TSMC loses 1.45%. (sherry.qin@wsj.com)

0012 ET - Tencent's latest AI model arrives early than expected, Bernstein analysts say in a note. They had expected Tencent's next upgrade, with around 750 billion parameters, to arrive by end-2026. "Hy4-preview feels significant in the sense that it's probably the first Tencent model that's a serious near-frontier release," they say. The upgrade should benefit WorkBuddy, Tencent's broader ecosystems, and internal productivity in areas such as video game development and ad recommendations. While debate over capex growth and depreciation costs is likely to continue, Tencent's model-development efforts deserve more recognition, Bernstein says. Shares are last at HK$449.00. (sherry.qin@wsj.com)

2330 ET - Tencent's latest AI model has further stepped up its task completion capability, Citi analysts say in a research note. Tencent released its Hy4 preview on Friday, more than doubling the previous generation's parameters, although still smaller than those by peers such as Alibaba's Qwen3.8-Max and Moonshot's Kimi K3. Despite being a smaller model, Hy4 preview's benchmark rankings are comparable with or exceed peers on certain AI evaluation benchmarks such as long-horizon task execution, they note. Once the Hy4 official version releases in coming months, Tencent could further improve Hy4 within the Tencent ecosystem as well as external enterprises' work productivity environments, they add. Shares are 1.3% lower at HK$449.00. (sherry.qin@wsj.com)

2146 ET - Megaport's bull at Citi thinks the Australia-listed tech-service provider could benefit from any move by Nvidia to pause revenue-share deals with AI cloud providers. Pointing to Wall Street Journal reporting, analyst Siraj Ahmed writes in a note that a pause in Nvidia's credit support to so-called neocloud companies could be incrementally positive for Megaport's compute-as-a-service business. It could potentially reduce some competition for Megaport, he explains. Citi has a last-published buy rating on the stock and a target price of 22.10 Australian dollars. Shares are down 1.5% at A$16.60.