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.

0724 GMT - European stock indexes are in green across the board, as banks and AI-linked stocks recoup some of the week's losses. The Europe-wide Stoxx 600 is 0.4% higher. London's FTSE 100 adds 0.35%, led by housebuilder Barratt Redrow--up 6.15% after earnings. Miners also gain as metals prices increase. In Paris, the French CAC 40 nudges up 0.2%. Chip maker STMicroelectronics leads the index, gaining 1.75%, though software group Capgemini falls back 1.5%. Luxuries also falter--Hermes loses 0.85%. The German DAX adds 0.35%, led by AI-linked industrials group Hochtief--up 3.5%. Italy's FTSE MIB and Spain's IBEX 35 both rise by around 0.5%. The Dutch AEX rises 0.3% as ASML jumps 2.25%.(josephmichael.stonor@wsj.com)

0428 GMT - The Thai telecommunications sector's slower service revenue growth outlook over 2027-2028 leads CGS International's Weerapat Wonk-urai to downgrade his call to underweight from overweight. The analyst expects companies in the sector to post revenue growth of 1.2%-1.9% over 2027-2028, compared with 4.6%-17% in 2025, citing a lack of new revenue drivers and monetization. The sector's valuation also seems pricey compared with peers in Southeast Asia, he adds. He cuts his 2027-2028 earnings-per-share estimates for Advanced Info Service by 4.1%-8.7% and trims his 2026-2028 EPS projections for True Corp. by 3.7%-8.6%. (megan.cheah@wsj.com)

1711 GMT - Rising bond yields beat out the prospect of an AI bubble as the biggest "tail risk," according to the latest Bank of America survey of global fund managers. About one-third of survey respondents named a "disorderly rise in bond yields" as the biggest tail risk, while 28% named an AI bubble, down from 32% in August. Bond yields have been climbing, fueled by surging energy prices brought on by the Iran war and growing national debt among other factors. The 10-year Treasury yield touched 5.04% earlier, its highest level since 2007. (elias.schisgall@wsj.com)

1710 GMT - The AI data center boom is expected to keep chugging along, according to Bank of America's latest survey of global fund managers. Of those surveyed, 79% said they do not expect one of the AI hyperscalers to announce a cut in capital expenditures this year, up from 71% in August. But investors see the spending as carrying some risk: 42% of respondents named AI hyperscaler capex as the most likely source of a systemic credit event, and net 33% said companies are overinvesting. As for the most crowded trade, 53% identified "long global semiconductors" which matched last month's survey. (elias.schisgall@wsj.com)

1639 GMT - Wells Fargo still has a lot of opportunities to use AI within its business, Chief Financial Officer Mike Santomassimo says. When asked at the Barclays Global Financial Services Conference about headcount being down for several quarters, Santomassimo says there is more room to use AI to drive efficiency. Already, AI has been used to autonomously code and is present across company functions, including operations and call centers, Santomassimo says. "It'll bring headcount down more," he says. "Whether headcount will be down every quarter forever, probably not, but we still have a lot more to continue to drive it." (katherine.hamilton@wsj.com)

1434 GMT - BCE's medium-term prospects for AI buildout are "very encouraging," says TD Cowen's Vince Valentini. The analyst says "BCE expects to have the full incremental 900 MW of DC capacity (taking the Saskatchewan total to 1.2 GW) operational well within 10 years." Because the project remains a nonbinding MOU without locked-in customer contracts or power commitments, BCE hasn't updated its official 2028 guidance. However, Valentini calculates that its data center segment could account for C$10.08 a share, or 12% of BCE's target enterprise value. TD raises its target price by C$3 to C$40. BCE is up 1% to C$32.47. (adriano.marchese@wsj.com)

1350 GMT - FedEx CEO Raj Subramaniam says he doesn't think any company can succeed in AI if its top executive doesn't take an active role in shaping the technology. "You can't have a business strategy without technology, and the reverse is also the case," Subramaniam says at the WSJ Technology Council Summit. "And AI is the defining technology of the era, so the CEO has to drive it." (connor.hart@wsj.com)

1305 GMT - While on stage at a tech summit, Nvidia CEO Jensen Huang puts President Trump on speakerphone, giving the president a chance to push back on recent safety concerns over AI. "It's all a hoax," Trump says. Trump defends AI and data centers as an economic driver for the U.S., forecasting that AI will be "the oil of the next 20-25 years--it's bigger than the internet." Huang, who has said that the AI warnings are aimed at boosting business for cybersecurity firms, tells Trump he agrees with his views. (kelly.cloonan@wsj.com)

1149 GMT - A total of 79% of fund managers polled in Bank of America's global fund manager survey for September say they don't expect any of the AI companies to announce a cut in capital expenditure this year. This is up from 71% of fund managers in the August survey. Only 14% of respondents said they expect an AI capex reduction this year, BofA says. The survey was conducted between Sept. 4 and Sept. 10, before Dario Amodei, Sam Altman, and Elon Musk, chief executives at massive AI companies, called for a slowdown in AI development.