Good evening and welcome to Markets Desk.
Futures are flashing green heading into the week, with Dow futures surging more than three hundred thirty seven points Sunday evening as the United States and Iran held their ceasefire, opening the door to Strait of Hormuz negotiations that sent oil prices sharply lower. Risk appetite is back, and equities are responding accordingly with a packed Fed meeting and major tech earnings still ahead.
Staying in the tech space, Alphabet chief Sundar Pichai has committed to capital expenditure spending of between one hundred ninety five billion and two hundred five billion dollars this year, a figure that carries serious weight for Nvidia and Broadcom investors. That level of infrastructure spending signals sustained demand for AI chips and custom silicon, making Alphabet's buildout a direct revenue catalyst for both semiconductor names.
And in Shanghai, Chinese memory chipmaker CXMT made one of the most explosive market debuts in recent memory, surging four hundred seventy percent on its first trading day after raising nearly fifty eight billion yuan in its IPO. The Hefei-based company priced at eight point six six yuan per share, and the move underscores how aggressively China is pushing domestic semiconductor capacity forward.
That's the tape. Markets Desk, signing off the floor.
