Telenor shares rose 0.5% to 149.60 kroner after Berenberg lifted its price target to 158 Norwegian kroner from 138 kroner, despite flagging weakening momentum in Nordic markets. The brokerage noted Ebitda growth halved in the first quarter amid increased competition in Denmark and Finland, with further headwinds expected through year-end. Telenor's strong balance sheet positions it for potential acquisitions including CK Hutchison's Tre assets in Sweden and Denmark.

Taiwan Semiconductor Manufacturing Co. maintains its manufacturing leadership despite advances from Intel and Samsung, according to Bernstein analysts. While Intel may secure some Apple orders due to geopolitical factors, the revenue impact on TSMC should be minimal since growth is capacity-constrained rather than demand-limited. Samsung's 2-nanometer process trails TSMC's 3-nanometer technology in practice, with TSMC shares trading 0.7% lower at NT$2,240.

SK Telecom's AI data-center venture with Nvidia could generate 20 trillion won in revenue and four trillion won in operating profit, KB Securities projects. The South Korean operator plans to expand capacity to over 200 megawatts by 2029 from 40 megawatts currently. Meanwhile, WiseTech Global faces slower-than-expected customer migration to its new pricing model, prompting Bell Potter to cut its target price 8.9% to 71.75 Australian dollars.

Oracle's contract structure protects margins from component cost inflation, co-CEO Mike Sicilia explained on an analyst call. The company uses fixed-price contracts when component costs are predictable and floating contracts when prices fluctuate, ensuring it isn't left with reduced margins during shortages like the current memory technology constraints.