Hello and welcome to market domination over time. There are quite a few big bullish bets on markets for 2026 on Wall Street. And our next guest says economic tailwinds should support that market sentiment. Here with me at the desk got Bryant Vancronite, Allspring Global Investments senior portfolio manager. Bryant, always good to see you. Let's start here. Brian, you say the US economy should be good enough for stocks in early 26. Maybe start there. Why, Brian? Like what are the drivers? Is it monetary stim ...

Core Insights - Meta Platforms Inc may shift its future focus from advertising revenue to artificial intelligence (AI) capabilities, as indicated by CEO Mark Zuckerberg during the third quarter earnings call [1][2]. Investment and Infrastructure - Meta's capital expenditures on AI hardware are projected to increase by 80% in 2025 and at least 50% in 2026, surpassing the $100 billion mark, according to JPMorgan estimates [3]. - The company is building an aggressive AI infrastructure, which may lead to a surplus of computing power that could be monetized [4]. Market Position and Opportunities - If Meta decides to monetize its excess computing capacity, it would compete directly with major players like Amazon Web Services, Microsoft Azure, and Google Cloud in a $600 billion market [5]. - Meta's existing AI models and extensive data center infrastructure position it well to establish a credible AI cloud business, potentially creating a new revenue stream less affected by advertising cycles [6]. Future Growth Potential - The company's next growth narrative may emerge from supercomputing rather than social media, positioning Meta as a significant player in the hyperscaler market [7].