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.
0900 ET - Walt Disney's new chief executive, Josh D'Amaro, wants to focus on investing in intellectual property, reaching more consumers and using new technology to increase monetization. These are the three pillars D'Amaro mentions in his shareholder letter, outlining his vision for the company after taking the helm in March. D'Amaro thinks original IP is the way to drive box office and streaming engagement. He is focused on making Disney+ more engaging and personalized, while also investing more in live sports to gain customers. He also wants to monetize relationships with fans through subscriptions, advertising, content licensing and consumer products. (katherine.hamilton@wsj.com)
0858 ET - Walt Disney sees live sports as an opportunity to bring more customers onto its streaming platform. In a shareholder letter, CEO Josh D'Amaro says live sports help attract new subscribers and offers marketers engaged audiences. D'Amaro thinks live sports consumption will continue to migrate to streaming platforms over time, and he sees ESPN as best positioned to benefit from that shift. Disney's strategy for ESPN includes product innovation, adding content partners and distributing the product through both direct and wholesale channels. (katherine.hamilton@wsj.com)
0701 ET - Profits of Disney's ESPN continue to feel pressure from surging costs for sports TV rights. In the second quarter, the business reported a 5% drop in operating income to $652 million. For the third quarter, Disney expects sports segment operating income to decline by 14% from the prior-year quarter, driven by a double-digit percentage increase in programming expenses, which includes the timing of new rights agreements. But Disney says that ESPN's content rights are key to driving additional monetization. "Advertisers are particularly attracted to the live, engaged audiences on ESPN," executives say in a letter to shareholders. (nicholas.miller@wsj.com)
0548 ET - Super Micro Computer investors are focusing on the company's strong profitability and looking past its revenue miss, Swissquote analyst Ipek Ozkardeskaya writes. Shares are up 17% in premarket trading at $32.64. The investor reaction came after renewed upbeat guidance from the company for the current quarter hinting that artificial-intelligence infrastructure spending remains robust. "Given the market's resilience to bad news and enthusiasm around good news, I certainly don't see the bears taking the upper hand for now. But selloffs happen suddenly." (julia.nasser@wsj.com)
0534 ET - CSE Global closed 12% higher at S$1.52, its highest closing level since 2007, after disclosing a 75% on-year growth in 1Q new orders. The strong gain in new orders reflects robust demand for the systems integrator, which provides electrification, communications and automation solutions, its chief executive and group managing director Lim Boon Kheng says in a news release. The company has a healthy order book and tender pipeline, but remains cautiously optimistic about maintaining momentum as macroeconomic and geopolitical headwinds evolve, he adds. (megan.cheah@wsj.com)
0532 ET - Vodafone Group secured a fair price in its deal with CK Hutchison, ING's Jan Frederik Slijkerman writes in a note. The U.K. telecommunications company will buy out CK Hutchison's stake in their joint venture VodafoneThree for more than $5 billion. While expected, the transaction took place sooner than anticipated, he says. "It will be easier for VodafoneThree to execute strategic transactions, once it has a single owner, Vodafone," he adds. VodafoneThree might change its wholesale fibre strategy and reevaluate its partnership with full fibre network operator CityFibre, he says. Vodafone shares are up 0.9% at 1.17 pounds. ( najat.kantouar@wsj.com)
0418 ET - Wolters Kluwer's first-quarter update is in line with expectations, with guidance reiterated, ING Research analyst Thymen Rundberg says in a note. The Dutch information-services company posted organic revenue growth in line with the prior year, which Rundberg views as a solid result. At the divisional level, guidance for organic growth has changed modestly and reads more cautious, the analyst says. Wolters is now more explicitly highlighting macroeconomic and geopolitical uncertainty, with softening second-half momentum and lengthening sales cycles, he adds. "We expect minimal changes to full-year consensus estimates and continue to see good stability," he says. Shares trade 7.4% lower at 63.4 euros. (nina.kienle@wsj.com)
0409 ET - Infineon Technologies should continue to benefit from continuing momentum in AI-data centers, automotive and industrial equipment, Jefferies analysts write in a research note. The German chip maker expects revenue for the year to the end of September to grow significantly from the 14.66 billion euros it reported for fiscal 2025, raising its guidance from a prior forecast of a moderate increase in sales. 'Significant' implies on-year growth starting from around 10%, analysts say. Infineon shares trade 1% lower at 59.88 euros. (mauro.orru@wsj.com)
0342 ET - Infineon Technologies' upgraded sales guidance suggests the German chip maker could log year-on-year growth of about 10%, Citi analysts write in a research note. Infineon says revenue for the year through September should grow significantly from the 14.66 billion euros it reported for fiscal 2025, compared with a prior forecast of a moderate increase. Analysts say Infineon's revenue could grow to roughly 16.2 billion euros, plus or minus 500 million euros. Infineon's result margin--a closely watched profitability metric--is expected to climb to around 20% from 17.5% last year, compared with previous guidance of a margin in a high-teens percentage range. Infineon shares trade 0.3% lower at 60.29 euros. (mauro.orru@wsj.com)
0341 ET - Investor interest in Xiaomi is likely to remain muted until clearer evidence emerges of memory pricing peaking or stabilizing, say Bernstein analysts in a note. The company faces weaker Internet-of-Things revenue growth due to tapering subsidies, they say. Xiaomi's 1Q deliveries also fell short of guidance on the back of production switchover to the new SU7 model and softer YU7 sales momentum, they say. That said, gross margins are proving more resilient than expected. Its 1Q smartphone gross margin is estimated between 9.5% and 10%, up from 8.3% in 4Q, despite higher memory costs, supported by product mix optimization, they add. Bernstein cuts the target price to HK$43.00 from HK$46.00 but keeps an outperform rating. Shares last at HK$30.72(jiahui.huang@wsj.com; @ivy_jiahuihuang)
0323 ET - Infineon Technologies investors could sell the stock on Wednesday despite the German chip maker raising its sales and margin guidance for the fiscal year through September, Citi analysts write in a note to clients. They attribute potential profit-taking to Infineon's strong performance in recent weeks: The stock is up more than 55% since January and has nearly doubled over the past 12 months. Infineon shares in Frankfurt gained more than 1% at market open, but then veered into negative territory. Shares are trading 1.9% lower at 59.34 euros. (mauro.orru@wsj.com)
0323 ET - Wolters Kluwer posted solid first-quarter results, with its guidance reiterated, Citi analysts say in a research note. The Dutch information-services company's commentary about the rollout of the clinical-decision support tool, UpToDate Expert AI, being on track to reach 70% by midyear is important, Citi says. Management's ability to demonstrate product innovation is going to be important in addressing the debate of whether Wolter's competitiveness remains robust in the AI era, they add. Shares trade 8.2% lower at 62.82 euros. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
May 06, 2026 12:20 ET (16:20 GMT)
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