Bloomberg Surveillance

Meta Platforms boosted its capital spending outlook and announced plans for a new class of nonvoting stock, escalating its already-stratospheric bet on artificial intelligence. Capital expenditures will be $135 billion to $145 billion in 2026, the social-media giant said during its quarterly earnings report Wednesday, raising the bottom end of the range from $130 billion. The moves show that Meta has confidence that its spending on artificial intelligence will bear fruit. Chief Executive Officer Mark Zuckerberg has struggled to persuade investors to accept the company’s ballooning expenses for ambitious AI bets. But in recent months, Meta has made headway with its technology.
Meta shares rose in after-hours trading on Wednesday. They had gained about 6% this year through the close in New York.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with Ed Ludlow, Bloomberg Tech co-host.
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Featuring:
Matt Stucky, VP & Chief Portfolio Manager: Equities at Northwestern Mutual
George Pollack, Senior Analyst: US Policy at Signum Global Advisors
Alicia Reese, Senior VP: Equity Research at Wedbush Securities
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The latest in finance, economics and investment.
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Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney
Wednesday, October 21st, 2026
Featuring:
1) Julia Coronado, president and founder at Macropolicy Perspectives
2) Jennifer Lawless, professor at University of Virginia
3) Sean Henry, CEO an founder at STORD
4) Damian Sassower, Chief EM Strategist with Bloomberg Intelligence AND Michael Dean, Bloomberg Intelligence auto analyst
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Featuring:
Angelo Kourkafas, Senior Global Investment Strategist at Edward Jones
Edward Mills, Managing Director & Washington Policy Analyst for Raymond James
Dave McKay, President & CEO of the Royal Bank of Canada
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Featuring:
Peter Tchir, Head: Macro Strategy at Academy Securities
Jessica Taylor, Senate & Governors Editor at The Cook Political Report
Aditya Bhave, Managing Director & Head of US Economics Research at Bank of America Securities
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