Memory stocks jumped in overnight trading late Wednesday after Alphabet, Inc. reported a sharp increase in quarterly capital expenditures and raised its full-year forecast. Micron led the gains, rising 2.5% in the overnight session, while shares of SanDisk, Western Digital and SK Hynix were up about 2% each. The Roundhill Memory ETF (DRAM) was up 2.6%. Alphabet increased its 2026 capital expenditures forecast by $15 billion, updating its full-year CapEx guidance range to $195 billion to $205 billion, up from the previous estimate of $180 billion to $190 billion. Alphabet CFO Anat Ashkenazi said the increase is "primarily due to an acceleration in the delivery of capacity to meet growing demand." Alphabet reported negative free cash flow of $5.9 billion for the quarter, marking the first time the company posted negative quarterly free cash flow since going public in 2004. GOOGL fell 2.3% overnight. Stocktwits sentiment was 'neutral' for MU and SNDK, and 'bearish' for SKHY and DRAM as of late Wednesday.