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.
0812 GMT - Bitcoin remains weaker after hitting a two-and-a-half-week low earlier following falls in U.S. stocks overnight triggered by renewed concerns about the disruption of artificial intelligence. These fears were partly driven by a report from Citrini Research which warned of the potential economic impact of AI, including higher unemployment. Risk sentiment is also dampened by fears of a potential U.S. strike on Iran and uncertainty over U.S. trade policy. A 10% U.S. tariff has come into effect after the Supreme Court overturned most of President Trump's tariffs. Bitcoin drops 2.3% to $63,083 after hitting a low of $62,734 earlier, LSEG data show. Ether tracks its moves, falling 2.1% to $1,824 after reaching a two-and-a-half-week low of $1,1813 overnight. (renae.dyer@wsj.com)
0025 GMT - Megaport's bull at Macquarie thinks the pace of the connectivity service provider's growth means its stock looks cheap at 13 times earnings. A note from one of the investment bank's analysts acknowledges concerns over reinvestment-driven cost growth but points to what they say is a structural growth story in a large and fast-growing market. Capital allocation to date has been validated with strong unit economics, the note says. There are also synergies from acquisitions and strong potential cross-selling opportunities, the analyst adds. Macquarie keeps an outperform rating on the stock and lifts its target price 7.4% to A$23.30. Shares are down 3.8% at A$7.66.(stuart.condie@wsj.com)
2400 GMT - Aussie Broadband's bull sees the Australian telecommunications challenger becoming the third-largest provider of services on the country's national broadband network by the year's end. Jefferies analyst John Campbell tells clients in a note that Aussie Broadband's M&A activity is materially embellishing momentum that nonetheless remains intact on an underlying organic basis. 1H underlying net profit fell short of Jefferies' forecasts, but Campbell says that this is offset by strong guidance for the full fiscal year. Jefferies keeps a buy rating on the stock and cuts its target price 3.1% to A$6.20. Shares are down 1.0% at A$5.04. (stuart.condie@wsj.com)
1854 GMT - Benchmark analysts are confident in GoDaddy's transition into an AI flywheel, but have still cut their price target to $210 from $240. The reduction reflects a higher weighted average cost of capital and reduced out-year estimates, Benchmark analysts say in a research note. While shares face pressure over AI's impact on long-term terminal value, the analysts say investors are overlooking GoDaddy's proprietary data and its imminent shift into an AI infrastructure provider. The analysts see internal development of Airo.ai and the Agent Name Service positioning GoDaddy to meet demand for agentic data-driven business management tools. GoDaddy shares are down 3.9% at $87.07. (amira.mckee@wsj.com)
1729 GMT - Anthropic's release of Claude Code Security has triggered a sell-off of security software stocks, with investors taking a "sell first, ask questions later" approach to AI disruption, according to JPMorgan in a note. But the analysts see a range of firms more insulated from AI displacement, highlighting CrowdStrike, Palo Alto Networks, ZScaler, and Okta among others. AI-native firms will likely lag established vendors in product development, access to data, and network effects, the analysts say. Incumbent vendors also have platforms that have established trust with their customers and benefit from potential risks and costs from switching vendors. Demand is also picking up as AI accelerates and amplifies cybersecurity threats, and existing vendors are able to leverage AI to speed their own product development, according to the analysts.(elias.schisgall@wsj.com)
1742 GMT - ASML Holding's improvement of its extreme ultraviolet lithography machines shows that the Dutch chip-making equipment supplier has a significant technological lead over competitors, Citi analysts write in a note to clients. ASML found a method to boost the light source power in EUV systems to 1,000 watts from 600 watts now and enable clients to produce more silicon wafers, the analysts note. ASML classified this as a research milestone, not a commercial one. The company is now looking at the industrialization of that method to bring the technological advancement to its customers in a process that will take years. (mauro.orru@wsj.com)
1603 GMT - Nvidia's increasing chip shipments are likely to drive strong results and guidance in its upcoming quarterly report, Keybanc analysts say. The analysts anticipate Blackwell Ultra shipments will increase, as well as rack shipments, as Nvidia is on track to ship just under 30,000 racks this year. Nvidia will also likely record meaningful revenue contributions from H200 shipments to China, the analysts say, guiding for $3.5 billion to $4 billion in fourth-quarter contributions. (katherine.hamilton@wsj.com)
1529 GMT - AI will lead to slowing growth for software companies but is unlikely to completely replace all software applications, say UBS analysts. "Coding has become the first domain where AI demonstrably outperforms humans at scale," the analysts say. "We think enterprise software companies see growth moderate, as they lose incremental growth from competitors." Large enterprises could use AI models to build custom tools in-house, but large-language models are unlikely to recreate all software applications. Still, "many software business models are priced per user, and as AI reduces headcount needs, pricing frameworks will need to evolve," the analysts say. (nicholas.miller@wsj.com)
1330 GMT - Nvidia earnings later in the week and U.S.-Iran developments are likely to be key factors moving cryptocurrencies, IG analyst Chris Beauchamp says in a note. While the Supreme Court's ruling to overturn most of President Trump's tariffs stole the show Friday, Nvidia and the geopolitical situation should drive markets, he says. Trump's decision to replace one set of tariffs with a 15% global flat rate has had little impact on markets, he says. Instead, "we wait to see if the U.S. will continue talking to Iran." Tech stocks have been under pressure lately and hopes are being invested in the idea that Nvidia earnings Wednesday could restore confidence in the sector, he says. That leaves cryptocurrencies vulnerable, he says. (renae.dyer@wsj.com)
1106 GMT - Shares in Netflix slip 0.4% premarket, while Paramount Skydance gains 0.8% as Paramount approaches a deadline to place a best and final offer for Warner Bros. Discovery. The two streaming companies are locked in competition over the media giant, with Warner rejecting a previous $30 a share Paramount bid after accepting an all-cash Netflix offer for its streaming and studios businesses. President Trump said Netflix would "pay the consequences" if it didn't remove Democrat Susan Rice from its board, in a move that deal-watchers consider significant given the need for the Trump administration to approve any potential transaction. Warner Bros. Discovery shares rise 0.2%.(josephmichael.stonor@wsj.com)
0949 GMT - Although Mony Group's earnings highlight solid revenue and strong adjusted Ebitda, it doesn't directly address market concerns around artificial-intelligence disruption, UBS analysts say. The price-comparison website is proactively neutralizing AI-disruption risks through the strategic launch of its ChatGPT app, showing not only technical ability but also a strategic hedge, the analysts say in a note. This helps future-proof the business model against possible shifts in how consumers search for financial services, they say. "We expect to see the stock reacting positively on the back of that, albeit small in comparison to the recent selloff," the analysts say. Shares are up 3.9% at 158.80 pence and are down 22% over the past 12 months. (anthony.orunagoriainoff@dowjones.com)
0932 GMT - Mony Group's shares rise after a double-beat on results and news of a 25 million-pound buyback program, but that hasn't offset yet the stock's 14.25% year-to-date decline, Interactive Investor's Victoria Scholar says in a note. Investors can snap up shares at a discounted price, after recent results have signaled the business can continue to perform well in the current environment, Scholar says. Despite this, the jury is out in terms of how AI will affect the sector. "Predicting how AI will play out for various industries longer term is proving to be an extremely difficult task that no doubt will come alongside significant bouts of market volatility," she says. Shares are up 3.1% at 157.60 pence. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
February 24, 2026 04:20 ET (09:20 GMT)
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