Goldman Sachs International
May 15, 2026
TMT Special Sales: French Consolidation AMAT Beat and Tech Updates
Market ReportEquitiesRates Govt BondsMacro Economic IndicatorsInformation TechnologyCommunication Services
A daily TMT update highlighting Applied Materials' strong 2026 growth outlook and the extension of French telecom consolidation talks. It also notes Anthropic's rising enterprise adoption over OpenAI and maintains a bearish stance on Vodafone.
Key Takeaways
- 1.Applied Materials (AMAT) increased its 2026 semiconductor equipment growth guidance to over 30%, up from the prior >20%.
- 2.French telecom consolidation talks between Altice, Bouygues, Iliad, and Orange have been extended to June 5, 2026.
- 3.Anthropic has reportedly overtaken OpenAI in verified business adoption, with 34.4% of businesses paying for its services.
Table of Contents
- TODAY'S WRAP
- FRENCH CONSOLIDATION
- FREENET
- Anthropic
- OTHER
- TECH
- TELCOS
- MEDIA & INTERNET
- MACRO AND TRADING
- 2026 EMEA Conferences
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Authors
Sean Johnstone
Securities
AMATVODAnthropicASMLFreenet2330Samsung ElectronicsDASH
Themes
AI Industrialization and Semi CycleEuropean Telco ConsolidationLabor Market AI Exposure
Regions
EuropeNorth AmericaAsia PacificFranceUnited StatesGermany