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 - Shares of European semiconductor companies are in green territory after the Nasdaq Composite in the U.S. logged strong gains in Monday's session. The tech-heavy index closed 2.1% higher, boosted by stocks exposed to artificial-intelligence infrastructure. Positive sentiment extended to Europe on Tuesday, with shares of Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International up 2.7% and 2.2%, respectively. German chip maker Infineon Technologies is up 4.1%. STMicroelectronics shares gain 2.7%. The E-mini Nasdaq 100 futures contract trades 0.6% higher, indicating a positive opening for tech stocks in the U.S. (mauro.orru@wsj.com)

0712 GMT - Nvidia may consider simpler memory setups for its upcoming Rubin Ultra AI chip as the industry braces for a prolonged memory shortage, according to a report by TrendForce. While no final decision has been made, the research firm says Nvidia is evaluating several lower-capacity options alongside its original design amid uncertainty surrounding next-generation memory production. Tight supply and rising costs are pushing AI chipmakers to prioritize availability and affordability alongside performance, it adds. (jie.yang@wsj.com)

0710 GMT - China's rapidly developing artificial-intelligence ecosystem could intensify the tech friction between China and the U.S., ANZ economists say in a research note. CXMT's recent blockbuster IPO coincides with a broad selloff in global semiconductor stocks, reflecting growing market concerns about China's ability to move up the technology value chain and intensify competitive dynamics in strategic industries, they say. Meanwhile, China's open-source models provide similar reasoning capabilities but at very low prices. The economists reckon that China's growing AI capabilities could also lead to falling prices for AI services and hardware. The U.S.-China dialogue on responsible AI development scheduled for September will be closely watched, they add. (sherry.qin@wsj.com)

0704 GMT - Bitcoin stays under pressure following renewed U.S.-Iran tensions and after crypto hoarding firm Strategy announced it sold bitcoins last week. President Trump said Monday Iran was "unbelievably duplicitous," claiming Tehran had asked for talks on ending the war before denying discussions were taking place. Strategy said Monday it sold 1,638 bitcoin for $104.73 million last week, marking the third time the company has sold the cryptocurrency this year. Meanwhile, bitcoin owners continue to reel from a hack of bitcoin storage device Coldcard. Bitcoin falls 0.2% to $63,626, LSEG data show. (renae.dyer@wsj.com)

0449 GMT - Micron is poised to oust SK Hynix from the global No. 2 DRAM spot, with its revenue surging roughly fivefold since 2Q 2025, according to Counterpoint Research. Samsung reclaimed the top spot with a 39% market share in 2Q 2026, benefiting from strong conventional DRAM pricing that is expected to support profitability in the current quarter, the research firm says. Meanwhile, SK Hynix's share fell to 26% in 2Q from 39% a year earlier, pressured by lower HBM pricing and earlier long-term supply agreements, according to Counterpoint. China's CXMT, currently the fastest-growing DRAM vendor with a 7% market share, plans to use proceeds from its recent IPO to expand production of HBM and other advanced memory. (jie.yang@wsj.com)

0418 GMT - Component shortages will continue to constrain server supply in the July-to-September quarter, according to research firm Digitimes. However, global server shipments are still expected to surpass 5 million units for the first time, growing 2.8% sequentially, it says. Procurement by major U.S. cloud service providers is forecast to rise just 1.7% quarter-on-quarter, while Dell, Super Micro and HPE are set for a combined 5.8% rebound, the research firm says. Amazon will retain the top buyer position with a 21.3% share, followed by Meta at 18.2%, it adds. (jie.yang@wsj.com)

0335 GMT - NetEase's "Sea of Remnants" could generate more revenue in the long term despite moderate traction so far, Citi analysts say in a research note. The highly anticipated game that was launched in July has experienced moderate performance so far, but its developers could continue to optimize its in-game experience after receiving feedback from gamers, they say. Meanwhile, its revenue-generation capability could improve in the subsequent months after decent content updates, they say. Citi maintains its buy rating on NetEase and keeps its ADR target price at $174.00. ADRs last ended at $131.58. (sherry.qin@wsj.com)

0314 GMT - China's trade activities likely slowed in July after robust growth in June, according to Citi analysts in a research note. "Logistic disruptions from typhoons, heavy rains and other weather events could have a meaningful negative impact on shipping," the analysts say. Cargo volume at ports dropped 3.0 % on year in July and both exports and imports could slow as a result, they say. That said, the AI supercycle should remain intact, as Korea's exports to China continued to accelerate, Citi says. Citi expects China's exports to grow 22% on year and imports at 30% on year in July. That compared with a 27% exports growth and 36% imports growth in June. (tracy.qu@wsj.com)

0255 GMT - Tencent could continue to deliver resilient gaming revenue and profit streams in coming quarters despite still-cautious investor sentiment, Citi analysts say in a research note. Tencent currently has 109 mobile games in its pipeline, 64 of which have already been approved by China's gaming regulator, they note. Meanwhile, crowded gamer fans surrounded Tencent's exhibition booth area at ChinaJoy, one of the world's biggest gaming conventions over the weekend, showing continued enthusiasm for its games, the analysts say. Among the 15 products it showed at the exhibit, seven are either AI-native or AI-related, they note, indicating Tencent's strong emphasis in AI gaming and products this year. Shares are 0.8% lower at HK$486.60. (sherry.qin@wsj.com)

0239 GMT - Malaysia's equity market is expected to remain volatile amid domestic political uncertainty and geopolitical risks, Affin Hwang IB analysts say in a note. They downgrade Malaysia's equity market rating to neutral from overweight after Barisan Nasional and Perikatan Nasional's landslide victory in the Negeri Sembilan state election. This victory has raised the likelihood of an early general election in late 2026 or early 2027. Consequently, they lower their year-end Kuala Lumpur Composite Index target to 1730 from 1780. They warn that an early election could delay the government's structural reforms and heighten market volatility; as a result, they favor defensive stocks such as AMMB, Telekom Malaysia, and YTL Power International. The KLCI is flat at 1725.37. (yingxian.wong@wsj.com)

2128 GMT - Palantir's U.S. commercial business grew 149% to $764 million during the second quarter, up 28% on a quarter-over-quarter basis. CEO Alex Karp says this is only the beginning. "While our U.S. commercial business is on fire, we believe it is nonetheless just nascent," Karp writes in a letter to shareholders following the company's second-quarter results. Notably, Karp adds, the results were achieved "with a miniscule and shrinking sales headcount, another way in which we have discarded conventional wisdom in favor of our own, unique path." Shares of Palantir gain 10% after-hours. (elias.schisgall@wsj.com)

2109 GMT - Palantir CEO Alex Karp uses his quarterly letter to shareholders to level intense criticism against leading AI developers. Palantir's partners are seeking control over their data, prompts, and business intelligence that "the language labs are not only ready and willing, but structurally designed to capture from their customers," Karp writes. "Our customers have declined to become vassal states of the language labs. And the market is now shifting dramatically underfoot." Karp's remarks add fuel to a growing backlash against leading AI labs OpenAI and Anthropic, though he mentioned neither by name. They also follow a strong quarter from Palantir, with shares up 12% after-hours.