Good morning, you're tuned in to Markets Desk.
Apple spent roughly twelve point seven billion dollars on capital expenditures in fiscal twenty twenty five, a figure that looks almost modest next to the hundreds of billions its mega-cap peers are committing to AI infrastructure. With AI-heavy names selling off hard, that restraint is suddenly reading less like hesitation and more like discipline.
Shifting to a name that has gone the opposite direction, Lemonade is all-in on AI-driven insurance and posting numbers that demand attention. Customer growth came in at twenty three percent in the first quarter, while in-force premiums surged thirty two percent. The question for investors isn't whether the model is working — it's whether the valuation already prices in perfection.
And away from equities, a development with real macro weight: Pakistan's prime minister says a United States-Iran peace agreement could be finalized within twenty four hours. Pakistan has been one of the key mediators in talks that have dragged since April. A deal would carry significant implications for energy markets, regional stability, and the broader risk appetite across emerging market assets.
That's the tape. Markets Desk, signing off the floor.
