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.
1452 ET - Corning's expansion strategy is increasingly centered on optical communications, which the company is positioning as a long‑term growth driver. Mizuho's John Roberts says Corning is pushing to accelerate free cash flow by striking risk-sharing arrangements with customers. "Recent expansions have focused on lower capital intensity cabling (using more Corning glass fiber internally), but we expect more capital-intensive glass fiber draw capacity to be needed as demand continues to absorb available capacity," Roberts says. The analyst believes that Corning will continue to highlight innovation at its May 6th investor event. "Replacing copper within data centers appears the most significant new product area. This is initially expected to be connecting racks, servers & GPUs, and possibly material co-packaged optics content by 2030." Corning is off 7.7% despite better-than-expected quarterly results. (adriano.marchese@wsj.com)
1324 ET - A two week streak of positive net inflows into bitcoin spot ETFs ended Monday, according to data from CoinGlass. The firm says ETFs recorded a total net outflow of $263.2 million yesterday. But that figure only represents a fraction of the money that's come in over the past two weeks. Bitcoin is lower today and appears to be stabilizing around the $76,000-mark. That's ahead of tomorrow's decision from the Federal Reserve, which is expected to keep interest rates unchanged while also providing guidance into the second half of the year. Bitcoin is currently down 1.2% to $76,015. (kirk.maltais@wsj.com)
1223 ET - Despite bitcoin's recent run-up to levels last seen in early February, investors are holding onto bets that bitcoin's price will soon fall. According to Cex.io, "bears have been paying an average of 11% interest in April to hold their bets against bitcoin, briefly hitting 19%, the highest rate since January 2023." The appetite of investors to bet against bitcoin is meeting what the firm calls "one of the largest single-week accumulation moves in bitcoin's history," meaning that short holders are paying a large premium to maintain their positions. "One of these two groups is about to be proven very wrong, potentially leading to a massive price action," says Cex.io. Bitcoin is down 1.6% to $75,754 today. (kirk.maltais@wsj.com)
1149 ET--Roku users now have access to another streaming service - NBCUniversal's Peacock Premium Plus service. That service, which includes live NBA games, blockbuster movies and television franchises like "Law & Order," is available to customers as a Premium Subscription offering on their Roku account. Roku and NBCU recently collaborated on a 2026 Winter Olympics viewing hub that featured the Milan Cortina Winter Games in the Roku home page with special features. Roku's recent push into advertising and subscription services enabled the platform to return to full-year profitability for 2025 for the first time in three years, The Wall Street Journal has reported. Roku said it is close to having 100 million streaming households as users globally, The Journal reported.(chris.kuo@wsj.com)
0937 ET - Cryptocurrency investors are locking in recent gains ahead of whatever guidance the Fed produces following its two day FOMC meeting that began today. "Forward guidance will be critical, especially as global central banks navigate inflation risks linked to geopolitical developments in the Middle East," says Konstantinos Chrysikos of Kudotrade in a note. "A more cautious monetary policy stance could drive Treasury yields up and weigh on non-yielding assets like bitcoin." Roughly $93 billion in long positions in bitcoin have been liquidated in the past 24 hours, according to data from CoinGlass. Bitcoin is down 1% to $76,212, while ethereum falls 0.8% to $2,274, according to LSEG data. (kirk.maltais@wsj.com)
0645 ET - Shares of SoftBank and other OpenAI-linked companies slumped after a WSJ report said the ChatGPT maker had missed key revenue and user targets. The Japanese company finished nearly 10% lower, while Arm, AMD and Oracle were lower pre-market, falling around 6.6%, 3.7% and 4.7%, respectively. For Swissquote's Ipek Ozkardeskaya, it's worrying that the artificial-intelligence house of cards is building on two names--OpenAI and Anthropic--due to the circular deals forming around them. OpenAI missing targets when competition from Anthropic is heating up is disquieting not just for OpenAI but for the web of companies heavily invested in it that have seen their valuations skyrocket despite the revenue-liability gap. "SoftBank, Oracle and leading chipmakers are closely tied to OpenAI's success story, so the domino effect is straightforward." (fabiana.negrinochoa@wsj.com; kimberley.kao@wsj.com)
0558 ET - MiniMax's stock price has further upside, Morgan Stanley says in a research note. MS believes the market is underestimating MiniMax's near-term annual recurring revenue growth, which the bank thinks is in line with, or even stronger than, peers. This is supported by the company's multimodal capabilities, global exposure and infrastructure advantages. MS sees multiple catalysts over the next two to three months, including product launches, model upgrades, price hikes and the stock's potential addition to the Hang Seng Tech Index. MS raises the target price for MiniMax by 18% to HK$1,100. Shares closed at HK$723.50. (tracy.qu@wsj.com)
0541 ET - Telecom Italia is likely to have a weak start to the year, Equita's Domenico Ghilotti writes in a note. The Italian telecommunications company should have a gradual recovery over the year due to the end of mobile virtual network operator contracts with Fastweb and CoopVoce, he says. Meanwhile, a rebound in the domestic market is expected in the second half, in line with the company's prior guidance, he adds. Despite a heavier-than-expected initial impact from MVNOs, full-year guidance remains achievable, he says. Shares are up 1.3% at 67 European cents. (najat.kantouar@wsj.com)
0422 ET - Zhipu AI and MiniMax are expected to be added to the Hang Seng Tech Index in June, with a combined index weighting of 5%-7%, Morgan Stanley says. Had the stocks been included upon listing, they would have lifted the index's year-to-date performance by 5 percentage points, the U.S. bank adds in a research note. On the fund-flow side, MS forecasts the Hang Seng Tech rebalancing to bring $1.25 billion to $1.75 billion in passive inflows into Zhipu AI and MiniMax. Both stocks are also likely to be available to Chinese mainland investors soon through their inclusion in the Southbound Stock Connect program, MS says. (tracy.qu@wsj.com)
0406 ET - Telenor's results highlight that the company is making efforts to maintain Ebitda growth, ING's Jan Frederik Slijkerman writes in a note. The Norwegian telecommunications provider reported lower revenue for the first quarter and cut its full-year guidance. Despite the lowered guidance, the Dutch bank remains positive on Telenor's credit quality. Shares fall 7.3% to 150.30 Norwegian kroner.(najat.kantouar@wsj.com)
0336 ET - Artificial intelligence-related names will likely become a much bigger driver of Hong Kong's equities market, say Morgan Stanley analysts in a research note. They will reshape index composition, performance, liquidity, and fund flows, the analysts say. "Foundation models continue to scale, driven by U.S. compute and China's engineering efficiency," the analysts say. MS says companies like MiniMax, Zhipu, and Alibaba could see their revenue and valuations rise sharply. (tracy.qu@wsj.com)
0002 ET - Singapore's manufacturing performance will likely remain supported by artificial intelligence-driven demand amid global volatility, CGS International economists say in a note. Electronics manufacturing was still the key driver of the country's industrial performance in March, thanks to AI-related chip demand. Singapore's semiconductor system is expected to strengthen due to the country's stepped-up efforts to scale its talent pipeline and deepen its role in the global chip value chain, among other recent developments. "We believe this is significant given the industry-wide shift toward advanced chips, where AI-driven applications are accelerating demand for cutting-edge fabrication capacity globally," the economists say. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
April 28, 2026 16:50 ET (20:50 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments