Editorial companion

What stands out

The clip highlights three big earnings reactions: Meta raised capital spending and floated a new nonvoting share class while pushing harder on artificial intelligence, Tesla reported a quarterly profit that beat estimates, and IBM said sales recovered after delayed infrastructure deals. Those headlines explain the after-hours pops and heavier Nasdaq tone captured in the market coverage. The interesting piece is how companies are spending or recovering, Meta is doubling down on AI with higher capex, while Tesla’s beat buys time for its longer-term bets.