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.
1228 ET - Cash App unveils Cash App Mobile, an unlimited 5G phone plan running on AT&T's network and using technology from telecommunications company Gigs. The $40-a-month plan, the Block-owned business says, is targeted toward "Modern Earners - the young adults, underbanked consumers, and gig workers who depend on connectivity to manage daily life." The phone plan will be connected with Cash App's financial services, and the company says it "plans to deepen how Mobile connects to the rest of its ecosystem through Cash App Green and Families." (elias.schisgall@wsj.com)
1059 ET - Oracle's 12% slide is seen by UBS as an overreaction. The analysts say in a note that the stock move is "overly punitive given in-line or better 4Q/May numbers, 1Q/Aug revs guidance well above our estimates, a reaffirm of the 4-year revs/EPS guide and the new CFO offering candor and guidance that came across as very shareholder-friendly." They believe the reaction is rooted in Oracle's guidance for capital expenditures, which was above consensus estimates. Oracle also essentially reaffirmed its full-year guidance despite adding capacity, new bookings and savings from job cuts, the analysts add. However, they also say they suspect the new CFO may be starting her tenure by being conservative.(katherine.hamilton@wsj.com)
1035 ET - Navan is winning big this year thanks to persistent corporate travel demand despite broad disruptions, Mizuho analyst Siti Panigrahi says in a research note. The corporate travel and expense-management company delivered strong results in F1Q, with gross booking volume jumping 50% and revenue climbing 40% year-over-year, the analyst says. That all happened despite winter storms, the TSA shutdown and conflict in the Middle East, Panigrahi says. Navan has increased its roster of S&P 500 companies to 45 from just 28 a year ago, showcasing enterprise momentum as it wins customers and lands big deals, the analyst says. "Navan's growth durability, platform differentiation, and inherently profitable model remain underappreciated," Panigrahi adds, raising his price target to $30 from $25. Navan surges 14%. (dean.seal@wsj.com)
0945 ET - Steep selling seen in the crypto complex may be taking a break, with major cryptocurrencies rebounding in today's trading. Bitcoin is up 1.9% to $62,880, while ethereum rises 1.2% to $1,648, XRP climbs 1.2% to $1.11, and solana advances 2.8% to $65.07. These cryptocurrencies are largely bouncing off of multi-month lows, with bitcoin briefly falling below $60,000 for the first time since 2024. The macro environment is not in crypto's favor, says Krisada Yoonaisil of Exness in a note. "Markets continue to price in an interest rate increase before year-end, weighing on non-yielding assets such as Bitcoin," says Yoonaisil. (kirk.maltais@wsj.com)
0938 ET - Navan is using artificial intelligence to grow four times faster than the rest of the corporate travel industry, Oppenheimer analysts say in a research note. The workplace travel software company has a proprietary AI assistant, Ava, which now handles 56% of all customer inquiries, they say. The software is helping Navan expand its gross margin and iterate on its products quickly to accelerate customer adoption, the analysts say. The company just raised its revenue guidance on the back of a 50% rise in gross booking value for fiscal 1Q, boosted by the fact that 45 S&P 500 companies now use its software, the analysts say. They raise the company's price target to $30 from $28. Shares rise 14% to $23.83. (dean.seal@wsj.com)
0930 ET - Oracle investors are concerned that the company's spending goals are too high compared with the amount of revenue it expects to generate, Oppenheimer analysts say. F4Q capital expenditures were 40% ahead of consensus estimates, while cloud revenue missed expectations, the analysts say. Altogether, capital expenditures and net income in the second half of the most recent fiscal year were essentially equal, the analysts say. "The Capex results and guidance leave tough optics and lend support to bear concerns about poor returns as Oracle transforms into a capital intensive business," the analysts say. Oracle slides 11% in early trading. (katherine.hamilton@wsj.com)
0915 ET - Oracle is taking the right steps to meet soaring AI demand, Wedbush says in a note. While the stock sinks 9% premarket after F4Q results, the analysts say the prepaid and customer-supplied hardware on Oracle's AI contracts act as cushions. They reduce the capital Oracle needs to raise and keep fiscal 2027 financing needs contained relative to the size of AI demand, the analysts say. Oracle said Wednesday it expects to raise $40 billion in debt and equity financing during the current year--including a $20 billion equity issuance it has already announced. (katherine.hamilton@wsj.com)
0712 ET - Raspberry Pi's share fall this week is likely due to the company trying to lower investors' expectations for its second-half performance following a first-half profit beat, Deutsche Bank's Robert Sanders writes. The low-cost computer maker said on June 5 that its first-half profit was above the same period last year with full-year Ebitda expected to beat market consensus. It added that macroeconomic uncertainty persists with pricing and the availability of memory systems challenging. "This is likely to limit the extent of a sustainable profit upgrade unless board prices keep shooting upwards," Sanders says. The news sent shares up 28% to 10.51 pounds on Friday, but they have subsequently fallen back to trade around 8 pounds. (ian.walker@wsj.com)
0604 ET - Alibaba's competitive moat remains intact despite recent volatility in share-price movement, Jefferies analysts say in a research note. AliCloud's competitiveness and full-stack capabilities are unchanged, they say. Jefferies notes AliCloud's annualized recurring revenue growth is accelerating and expected to reach 10 billion yuan in the June quarter and surpass 30 billion yuan by year-end. They add that the new CEO appointment of Alibaba workplace-platform unit DingTalk is already factored in stock prices. However, the mid-year shopping festival may see muted reaction amid an industry slowdown for gross merchandise value growth and parcel volume from March. Shares last ended 5.4% lower at HK$107.40. (sherry.qin@wsj.com)
0514 ET - Oracle's need to raise money for artificial-intelligence spending is a concern for investors in the software and cloud-computing company, AJ Bell investment director Russ Mould writes in a note. Oracle expects to raise roughly $40 billion through a combination of debt and equity financing in the fiscal year to the end of May 2027. "Unlike the so-called hyperscalers like Amazon, Alphabet, Microsoft and Meta, Oracle was not sitting on a pile of cash or generating huge amounts of cash flow heading into this spending cycle," Mould says. Oracle's capital expenditures for fiscal 2026 surged to $55.66 billion from nearly $21.22 billion a year earlier. Oracle shares closed 2.2% lower at $201.26 on Wednesday ahead of results. Shares are down over 7% Thursday premarket at $187.02. (mauro.orru@wsj.com)
0502 ET - Shares of European semiconductor companies are up as investors return to stocks exposed to the artificial-intelligence boom after a turbulent few days for tech. Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International are up 3.5% and 4.2%, respectively. Shares of BE Semiconductor Industries, the Dutch supplier of semiconductor assembly equipment, are up 5.3%. Meanwhile, German chip maker Infineon Technologies is up 1.7%. STMicroelectronics shares are up 3.3%. Meanwhile, the E-mini Nasdaq 100 futures contract is up 1.3%. (mauro.orru@wsj.com)
0445 ET - Oracle's financial performance points to durable organic growth ahead, Jefferies analysts write in a research note. Investors have sold off AI stocks in recent weeks due to concerns that high spending might not yield the expected returns. Oracle shares closed 2.2% lower at $201.26 on Wednesday ahead of results. Shares fell aftermarket and are also down nearly 9% Thursday premarket at $183.40. Jefferies analysts say the selloff is overdone, though they acknowledge concerns from some investors on the need to convert bookings into revenue. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
June 11, 2026 16:50 ET (20:50 GMT)
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