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.

1701 GMT - Moving Celestica's long-time CFO Mandeep Chawla to the newly created Group President, Global Markets role suggests significant growth opportunities in the future, according to TD Cowen's John Shao in a note. The analyst says that after a call with the company, Chawla's new role seems to be mostly customer facing, giving one of the company's most trusted executives an increasing focus on "capturing share from both existing and potentially new customers." Another benefit for Celestica is that the succession is internal, with current SVP Finance Todd Ankenmann taking over the CFO role. Shao believes he "possesses a similar skill set, institutional knowledge, and operational focus--all necessary to become a high quality CFO." Celestica is up 4.9% to C$472.28. (adriano.marchese@wsj.com)

1634 GMT - Canada's retaliatory tariffs on U.S. imports will primarily squeeze corporate profit margins rather thank drive up consumer inflation, according to Oxford Economics in a report. Senior Economist Michael Davenport says that input-output modeling shows Canadian firms bearing the brunt of the price hikes across finished goods. "Machinery and equipment prices and construction costs will increase," he says, noting that they will affect finished products such as telecommunication equipment, freight and industrial machinery, as well as key inputs like steel, aluminum and timber. However, he says that the ultimate effect on demand prices will depend "on the degree to which firms, households, and governments substitute away from U.S. imports." (adriano.marchese@wsj.com)

1456 GMT - Palantir's pitch about the importance of AI and data sovereignty is sinking in, D.A. Davidson analysts Gil Luria and Turner Dischinger say in a note, raising their price target by $50 to $250. Nvidia's partnership with Palantir, announced Thursday, reinforces the trust major enterprises place in the company--especially as OpenAI and Anthropic "keep getting caught with their hand in the cookie jar" with "comically false" claims that they don't look at customer data, the analysts say. "Customers are getting savvier about what AI model they need and how to work with a range of models and Palantir is capitalizing on that trend," Luria and Dischinger say. "Trust means Palantir is naturally positioned to become the control plane, orchestration layer and harness provider for a wide range of customers." (elias.schisgall@wsj.com)

1427 GMT - Major cryptocurrencies are climbing following a firm August CPI. Bitcoin rises 2% to $78,801, after traders rejected the $80k mark, which analysts see as a short-term lid. "After a 24% two-week rally, price stalled as it ran into a cluster of on-chain and technical resistance," say analysts with CryptoQuant in a note. "A supply wall sits directly overhead at $77.1k-$80.2k." Ethereum rises 5.7% to $2,602, XRP is up 3.8% to $1.41, and solana climbs 4.4% to $104.41. (kirk.maltais@wsj.com)

1421 GMT - Investors may have overlooked Oracle management's focus on its AI Data Platform, a layer in which artificial-intelligence systems can operate using proprietary enterprise data. The company's commentary, though, underlines what StoneX analyst Yi Fu Lee sees as the centrality of data for enterprise AI adoption. Both Oracle and Snowflake are now "effectively arguing AI models matter, but proprietary enterprise data determines who captures long-term value," Lee writes. "This continues to support our view that data infrastructure remains one of the most attractive layers of the AI stack." The Oracle first-quarter report implies positive read-throughs for Snowflake, MongoDB, and the private company Databricks. (elias.schisgall@wsj.com)

1411 GMT - Oracle's F1Q report should help build confidence that its data-center buildout is going as planned and will be converted into revenue, JPMorgan says in a note. The company told investors that its incremental $30 billion of AI contracts probably won't demand more cash outlays beyond its prior guidance for $40 billion of capital in the current fiscal year, according to the analysts. The company also forecast that around half of its $664 billion in remaining performance obligations will convert to revenue in the next three years, and appears to have made progress on diversifying its data-center buildout, reducing the risk from any single project being delayed, the analysts say. Investors may still question whether Oracle's cash outlay will moderate significantly after FY28, particularly with the robust industry demand backdrop, the analysts add. (elias.schisgall@wsj.com)

1403 GMT - Disney's subscription video on demand business is prioritizing revenue after achieving sustainable profitability, Benchmark analyst Mike Hickey says. The media conglomerate had 13% margins for subscription video on demand in the fiscal third quarter, and management doesn't expect margins to retreat materially or fall below a double-digit percentage, Hickey says. "This represents an incremental shift from providing profitability toward reinvesting to accelerate growth," Hickey says. Life-sports advertising demand also remains strong, while AI, healthcare and political advertising business are performing well. (katherine.hamilton@wsj.com)

1355 GMT - Oracle's compute capacity for the rest of the year doesn't depend on the company battling through delays and opposition for certain of its flagship data-center projects, KeyBanc Capital Markets analysts write in a note. The company's disclosure that it brought 850 megawatts of capacity online during the first quarter "could not have been better timed with concerns over data center pushback from some key states where Oracle has GW+ sized projects," the analysts write. "The sum of the other projects in flight is able to offset any delays that may be happening and with the increased revenue guidance management clearly feels the capacity roadmap is enough to deliver on its revenue targets this year." (elias.schisgall@wsj.com)

1354 GMT - Descartes Systems is turning AI from an investor question mark to a key growth engine. TD Cowen's John Shao says the logistics software company has "made meaningful progress in productizing AI," where its "strategy and readiness... could have a more significant and potentially strategic impact on the company's long-term growth and profitability." The analyst says that this is a leap from where the company was a year ago, when the company would respond to investor concerns over AI. Now, Shao says management is proactive with its strategy, with a "tangible roadmap spanning AI infrastructure, connectivity, product design, and specific use cases across the company's major business lines." (adriano.marchese@wsj.com)

1150 GMT - The trade-offs from Adobe's strategy of expanding the top of its funnel with freemium offerings were on full display in the company's F3Q print, Stifel says in a note. "While the company delivered solid MAU growth, the lack of ARR raise underscores the company's focus and strategy of optimizing its go-to-market approach for MAU growth, not nearterm monetization," the analysts say. "With an uncertain timeline for a shift in that focus or a meaningful pickup in freemium conversion, we see more muted upside potential for the business in the near-term." Investors will likely keep scrutinizing the move toward freemium offerings and the durability of Adobe's growth, the analysts add. Adobe down 4% premarket. (elias.schisgall@wsj.com)

1047 GMT - AI supported the U.K. in July's surprisingly strong 0.4% GDP growth, Morgan Stanley's Bruna Skarica says in a note. The ICT sector is producing 8.1% more value-added compared with last year, despite hiring being down on the same period of 2025, she says "We have been arguing for a while that the U.K. economy is being supported by the global capex/AI cycle," she says. Bank of England Gov. Bailey acknowledged this week that there were signs of an improvement in productivity growth, but said this wasn't related to AI. "We disagree, and see today's print as further evidence that tech adoption is the primary driver of the now very clear cyclical rise in output per worker across the private sector," Skarica says. (edward.frankl@wsj.com)

0931 GMT - Adobe's fiscal third-quarter earnings were robust, but the software group's focus on attracting more customers weighs on its near-term outlook, JPMorgan analysts write. The company is happy to put monetization on the back burner in order to focus on expanding its pool of users with the aim that some will convert into paying customer, the analysts write. "Investors will look for proof points in relation to engagement turning into monetization," they say.There are signs that increased user engagement is translating into revenue, with annual recurring revenue in the group's Firefly app and credit pack growing by 40% on quarter, the analysts say. Adobe shares fall 3.1% premarket.