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.
0904 GMT - Europe is missing a digital union, SAP's Chief Executive Christian Klein tells CNBC at the World Economic Forum in Davos, Switzerland. "In a world where AI is moving so fast, you need speed and you need a digital union to gain that speed," the head of the German business-software group says. While the big tech companies can cope, the smaller companies, especially in Europe, are really going to struggle, Klein says. Europe must work a lot harder to give them protection while they are in a very embryonic state, he adds. One tech company alone can't solve the problem of the adoption of AI, Klein says. "It's all about working together also in the tech space to really sort out the challenges of our customers." (nina.kienle@wsj.com)
0902 GMT - Franklin Templeton holds a constructive outlook for global equities, which may see mid-teens earnings growth in 2026, says Manraj Sekhon in a note. The chief investment officer of Templeton Global Investments expects higher earnings growth driven by lower oil prices, continued monetary easing, particularly from the Fed, and a significant reduction in long-term geopolitical risks to support risk assets. A broadening in earnings growth beyond the tech sector is also likely, most notably in the materials, industrials and consumer-discretionary sectors, he adds. The asset manager sees AI supply-chain opportunities in emerging Asian markets, including high-bandwidth memory, power-supply units and printed-circuit-board companies. Some Chinese internet companies focused on AI integration should post incremental growth, with the major cloud service providers among them benefiting from rising AI work demands. (jason.chau@wsj.com)
0647 GMT - The intersection between geopolitics and artificial intelligence is now stronger than ever, says Hewlett Packard Enterprise CEO Antonio Neri. "Governments are all thinking about how to use AI to protect themselves and also to create sovereignty," he tells the WSJ Leadership Institute at Davos, Switzerland, where he has spent days talking with various governments about how to build sovereign AI clouds. Everyone wants to invest in owning parts of the technology stack, which is essential for sovereignty, but at the same time, they don't want to rely on others like China or the U.S., says Neri. "Understandably, they need to work with both at some point, but the reality is that over time, we're going to see more investment locally to own their own destiny." (fabiana.negrinochoa@wsj.com)
0612 GMT - Bloomberry Resorts is expected to face some headwinds to its earnings, Maybank Securities' Raffy Mendoza says in a research report. These include challenges at its Solaire Resort & Casino in Manila's Entertainment City and elevated operating expenditure from the launch of its e-gaming platform, the analyst says. Solaire's gross gaming revenue fell 22% on year during the first nine months of 2025 from lower VIP and electronic gaming machine GGR, the analyst notes. The Philippine integrated resort operator is expected to swing to a core net loss in both 2025 and 2026 from a core net profit previously forecast, the analyst adds. The brokerage lowers the stock's target price to PHP2.80 from PHP5.00, with an unchanged hold rating. Shares are 2.3% higher at PHP2.69. (ronnie.harui@wsj.com)
1743 GMT - Teledyne Technologies' Executive Chairman sees a whole range of acquisitions coming, and is "more encouraged than we were in 2025." Robert Mehrabian, making the comments on a analyst call, says Teledyne likes "to buy what we call the 'string of pearls,' small acquisitions that we can tuck-in like the one we just announced, DD-Scientific in the UK." Mehrabian adds, "On the larger acquisitions, we have a pretty good list of what's coming up, both from private equity people who bought a range of products and businesses and combine them. And we don't mind paying a reasonably good price for an acquisition, as long as the quality of the mix of the businesses we're getting is there." (adriano.marchese@wsj.com)
1741 GMT - Oklo's agreement with Meta to develop an advanced nuclear campus "signals a meaningful step forward," BofA Securities' Dimple Gosai says in a note. "Investors are increasingly looking for tangible evidence advanced nuclear is moving from concept to execution, and we think this agreement provides exactly that," Gosai says. Meta's willingness to commit capital years ahead of delivery also underscores the importance of nuclear as artificial intelligence and datacenter demand accelerate, she says. The deal also de-risks Oklo's power business, she notes. BofA Securities upgrades Oklo to buy from neutral and raises its price target to $127 from $111. (kelly.cloonan@wsj.com)
1707 GMT - Teledyne Technologies sees its Space Development Agency wins as a foothold and a springboard into broader missile defense opportunities in the U.S. CEO George Bobb says on an analyst call that the latest awards "continues our very strong participation across each of SDA's tracking layer programs, and positions us well for future Golden Dome related contracts," referring to the Trump administration's proposed homeland missile defense system. In 4Q the company was selected to supply space-based infrared detectors to the majority of prime contractors on the newly awarded U.S. Space Development Agency Tranche 3 Tracking Layer program. Bobb says the program is expected to scale, and could support its inclusion into future missile-defense work. (adriano.marchese@wsj.com)
1655 GMT - Teledyne Technologies' unmanned business is a growing, which Executive Chairman Robert Mehrabian says will continue in 2026. On an analyst call, Mehrabian says 2025 unmanned combined revenue was about $500 million, and he expects this to grow by about 10% in 2026. Mehrabian also points to rising demand across the portfolio, noting the company now offers "about 10-12 underwater autonomous vehicles" and is winning new contracts in both the U.S. and Europe, particularly for harbor security. He also notes recurring Navy SEAL contracts for manned vehicles and increased use of gliders for environmental sensing ahead of naval operations. Teledyne surges 8.2%. (adriano.marchese@wsj.com)
1642 GMT - American AI businesses remain a focus at Davos even as attendees huddle over escalating U.S.-Europe tensions, Wedbush analysts write in a note. Despite geopolitical worries, "the one thing that is clear from Davos is the US tech world is dominating the AI Revolution with China a distant second," they write. After conversations with tech executives in Davos, the analysts write that investors are both excited about the U.S.' AI lead and jittery about the capital spending needing to get there. "We believe both sides can be right at the same time," they write, adding that they expect to see tech firms doubling down on AI capital spending as 4Q results come in. (elias.schisgall@wsj.com)
1548 GMT - Netflix appears set up for success, regardless of the outcome of its pending acquisition of Warner Bros., UBS analysts say in a note. "Warner Bros deal uncertainty has weighed on shares but we still believe Netflix looks well positioned deal or no deal," the analysts say. The analysts expect sentiment around Netflix to improve as the streaming platform's growth prospects, opportunity to boost monetization and competitive moat come back into focus, they say. Still, they cut their price target on the stock to $130 from $150, factoring in their lower revenue and operating income estimates for Netflix in 2026. Shares slip 4.6% to $83.22. (kelly.cloonan@wsj.com)
1537 GMT - Netflix's efforts to offer new types of content and more live events should boost engagement, paving the way for further growth, UBS analysts say in a note. The analysts forecast Netflix will spend $19.7 billion on content this year, up from $17.7 billion in 2025. Additionally, Netflix's price per hour of viewership still sits at the lower end of peers, which helps its ability to improve monetization, they say. "We believe a wider range of content and investments in live events will support engagement," they say, noting engagement rose 2% year over year in the second half of 2025, accelerating from 1% growth in the first half of the year. (kelly.cloonan@wsj.com)
1511 GMT - OpenAI expects to see a more even mix between its consumer and enterprise businesses by the end of the year, CFO Sarah Friar says in a CNBC interview at Davos. A year ago, she says, she would have said OpenAI's balance was 70% consumer to 30% enterprise. "Today, that number's 60/40. I think we'll end the year closer to 50/50," she says, noting that OpenAI currently has 1 million enterprise customers. Underneath the explosive growth of OpenAI's consumer platform, she says, "our enterprise business is also the fastest and largest in AI the world has ever seen." (elias.schisgall@wsj.com)
(END) Dow Jones Newswires
January 22, 2026 04:20 ET (09:20 GMT)
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