Tech, Media & Telecom Roundup: Market Talk

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.

0749 GMT - European chip stocks open sharply lower, tracking declines in Asia, after the leaders of some of the biggest AI companies said that they needed to slow development of the technology. Shares in Dutch supplier of chip-making equipment ASML Holding fall 4.2%, while those of smaller peers ASM International and BE Semiconductor Industries both shed more than 6%. German chipmaker Infineon Technologies drops 6.2%, and Milan-listed shares in STMicroelectronics are down 4%. Other suppliers to the chip industry, such as France's Soitec and Germany's Aixtron, fall 12% and 7.6%, respectively. While the AI lab leaders fell short of calling for a pause in development, their comments represent one of the clearest acknowledgements yet from within the industry that there might be limits to how fast capabilities can responsibly advance, strategists at Deutsche Bank say in a note.(adria.calatayud@wsj.com)

0443 GMT - Venture Corp.'s lifestyle and consumer products, as well as life sciences segments are likely to recover in 2027, supporting its earnings, says DBS Group Research's Lee Keng Ling in a note. The Singapore technology company is expected to launch a product in 4Q under its lifestyle and consumer products division, which should support the business's volume recovery and higher product value, the analyst says. Meanwhile, its life sciences segment is stabilizing from a recent downturn and should turn into a growth avenue around 2027, she says. DBS raises its 2026-2028 earnings estimates by 4%-5%. It raises its target price to 22.90 Singapore dollars from S$21.80 and maintains a buy rating. Shares rise 0.7% to S$16.78. (megan.cheah@wsj.com)Luxshare Precision Industry is likely to be one of the biggest beneficiaries as Apple's iPhone 18 upgrade cycle unfolds, Morgan Stanley says. "Apple's iPhone 18 Upgrade Cycle Likely to Boost Some Suppliers -- Market Talk," at 0255 GMT, incorrectly said Luxshare Precision Technology.

0217 GMT - Malaysian mobile network operators' share prices are expected to be increasingly driven by earnings and 5G dual network developments, Kenanga IB analyst Kylie Chan Sze Zan says in a note. CelcomDigi is preferred over Maxis, with greater scope for earnings to improve as merger-related cost savings aren't fully reflected in forecasts, she says. Both operators have sufficient balance-sheet capacity to absorb potential near-term funding needs for Malaysia's state-backed 5G infrastructure firm Digital Nasional without materially affecting dividends, she adds. The bigger risk would be recurring funding until Digital Nasional reaches sustainable cash-flow breakeven, Chan says. Kenanga maintains a neutral rating on Malaysia's telco sector, rates CelcomDigi at outperform. (yingxian.wong@wsj.com)

0202 GMT - Recent calls by Anthropic to pace frontier artificial-intelligence development, alongside similar caution from Sam Altman and Elon Musk, don't necessarily imply a slowdown in AI capex or a bearish outlook for hardware players, says James Ooi of Tiger Brokers. Spending could shift from training the next model toward expanding inference capacity and improving reliability, the market strategist says in a note. That shift could also broaden the set of AI beneficiaries beyond hardware vendors and hyperscalers to cybersecurity and observability providers, which could see greater demand. If regulation and safety requirements become more important, compliance costs could rise, favoring well-capitalized players such as OpenAI, Anthropic and Google, while making it more difficult for smaller frontier labs to compete on the same footing. (monica.gupta@wsj.com)

(END) Dow Jones Newswires

September 14, 2026 04:20 ET (08:20 GMT)