Good evening, this is Markets Desk with your closing look at the stories moving the conversation today.
Alphabet is doubling down on its cloud ambitions, with management raising its two thousand twenty six capital expenditure outlook to a midpoint of two hundred billion dollars, with further increases flagged for the following year. That spend is being justified by Google Cloud revenue growth of eighty two percent year over year, a number that signals enterprise AI adoption is accelerating faster than even the bulls anticipated.
Shifting to the memory complex, Sandisk and Micron are among the AI-adjacent names that have surged five hundred percent or more over the past twelve months, driven by persistent supply shortages in the memory markets. Analysts are now asking whether that run has legs, or whether the easy money has already been made as supply chains gradually rebalance.
Meanwhile, Indian equities opened on firm footing overnight as US Treasury yields pulled back from recent highs following weaker-than-expected private sector employment data out of the States. Softer payroll figures gave bond markets room to breathe, easing pressure on emerging market assets and giving Mumbai traders a constructive tone heading into the session.
That's the tape. Markets Desk, signing off the floor.
