The announcement of a CapEx forecast in the range of $16M-$18M for FY24 by PubMatic suggests the company is investing in its future growth and infrastructure. This strategic investment is generally viewed positively by investors as it indicates the company's commitment to expanding its capabilities and enhancing its competitive position in the market. Therefore, this news is likely to have a positive short-term impact on PubMatic's stock price, reflecting investor optimism about the company's growth prospects.