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.

1058 ET - After declining from the Fed rate hike and the failure of the Clarity Act, altcoins are bouncing back. Some of the strongest gainers include Hyperliquid, which is up 6% to $82.97, and Zcash, which is rising 6.3% to $1,421. Derisking was seen after this week's news, says Nicolai Sondergaard of Nansen in a note, but that appears to be subsiding. Other altcoins--crypto tokens outside of bitcoin and stablecoins--have rebounds outpacing bitcoin. Ethereum rises 2.6% to $2,472, solana climbs 3.1% to $101.68, and dogecoin is up 1.8% to 8.2 cents. Bitcoin rises 0.8% to $76,741. (kirk.maltais@wsj.com)

0609 ET - Infineon Technologies' deal to sell its NOR Flash and F-RAM business to Taiwan-based Winbond Electronics Corp. for $1.12 billion is positive for the German chip maker, Bank of America's Didier Scemama writes in a research note. The business Infineon is selling includes a portfolio of flash memory and products for customers across the automotive, industrial and infrastructure end-markets. "In our view, the divestment removes a business with no direct participation in structural AI/data center growth, supports further deleveraging and has a negligible impact on EPS," Scemama says. Infineon shares trade 1.7% lower at 54.05 euros. (mauro.orru@wsj.com)

0602 ET - Market expectations for Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International remain too low, Bank of America's Didier Scemama writes in a research note. He says consensus expectations are for ASML sales and earnings per share to grow 28% and 41%, respectively, over the next three years. Still, he notes ASML's capacity is essentially sold out for the next 18 months and that competition from China and U.S. startups remains distant at best. Meanwhile, consensus expectations for ASM International's gross margin are essentially flat at around 51% over the next three years. Scemama says consensus might prove to be too conservative given improving mix and pricing. ASML shares trade 2% higher at 1,423.60 euros, while ASM International trades 1.5% higher at 783 euros. (mauro.orru@wsj.com)

0345 ET - LG Display is likely to face earnings pressure from a stronger won and higher input costs, Daishin Securities' Kangho Park says. The analyst lowers his operating-profit forecasts for the South Korean flat-panel display maker by about 25% for 2026 and 11% for 2027. The dollar has weakened nearly 13% against the won since late June, weighing on the company's profitability, Park notes. Higher prices for semiconductors and other raw materials have pushed up the prices of information-technology devices, dampening demand, he says. Still, he expects the company's earnings to gradually improve on likely higher shipments of organic light-emitting diode panels. Daishin cuts its target price for the stock to 12,000 won from 17,000 won and keeps a buy rating. Shares fall 0.8% to close at 8,400 won. (kwanwoo.jun@wsj.com)

0051 ET - Westpac's belief in the support that artificial intelligence offers the Australian bank represents one view of the future: Jefferies analysts have another. The analysts acknowledge the argument that incumbent banks should be able to harness new tech to streamline processes, redesign value chains, improve controls, and speed up decision making. "If well executed and appropriately funded, owners and customers will share in the returns of this opportunity," they write in a note. However, they also see a scenario in which bots disrupt banks' engagement with customers, scanning for products and executing transactions. "A bank customer may never again open their bank app, contact a call centre, or visit a branch," the Jarden analysts warn. Jarden keeps a sell rating on the stock and target price of 31.00 Australian dollars. Shares are up 1.5% at A$34.955. (stuart.condie@wsj.com)

1341 ET - Bitcoin's decline after the crypto-friendly Clarity Act's defeat in Congress has been relatively shallow, analysts at Glassnode say in a report. "Given the news, the fall is small," they say. It appears that new buyers have gone quiet, cutting off the flow of money that had been driving up Bitcoin in the last month, but holders aren't rushing to sell either, they say. Coins are being taken off of exchanges, a move that happens when traders aren't looking to sell their holdings, the analysts say. There is also a wall of "buy" orders sitting within 10% of the current price, which would be triggered if the price drops further and prevent further drawdowns, they say. (dean.seal@wsj.com)

1320 ET - Anthony Moisant, chief information and security officer at Indeed, says humans still need to be in the loop when it comes to AI. Companies need to have people as part of the process when making consequential decisions around AI systems, because if left unchecked, those decisions can create unintended downstream effects, Moisant said at the WSJ Technology Council Summit. In Indeed's case, an example of an unintended downstream effect would be a decision that inadvertently closes a door for a job seeker: "Preventing somebody from getting a job because we made a bad experimentation decision would be pretty horrendous," Moisant says. The key to avoiding such a case, he continues, is education. "We've got to have the guard-rails in place. We've got to have that rigor around cost transparency, around security, around privacy, around education." (connor.hart@wsj.com)

1316 ET - A cybersecurity workflow that would have taken months in the days before AI can now be executed within five to eight minutes using AI agents, Galina Antova, CEO of cybersecurity firm Kai, said at The WSJ Technology Council Summit. "So when the attackers are executing at machine speed, defense can do that at the same time," Antova said. Of course, most large enterprises have to incrementally revamp their cybersecurity stacks over time to arrive at an end-to-end, AI-powered cybersecurity solution. "You're flying the plane as you're rebuilding it," she said. "But the horizon is few months. The horizon is not three years, because we don't have that kind of time." (elias.schisgall@wsj.com)

1251 ET - The crypto-friendly Clarity Act is officially dead in Congress after falling short yesterday on a vote to push the bill to a floor debate, StoneX analyst Mark Palmer says in a note. That means the uncertainty that has lingered over much of the crypto space isn't going away, he says. Altcoins and decentralized finance protocols, which got hit the hardest under the previous SEC administration, are going to be impacted by the bill's defeat the most, Palmer says. But that doesn't mean the industry's growth will grind to a halt, he says. The work that Congress didn't finish now falls to the SEC and CFTC to sort out, which they have been preparing for, Palmer says.