Bloomberg Surveillance Bloomberg Surveillance TV: February 13th, 2026
Feb 13, 2026
Thom Tillis, U.S. senator from North Carolina, speaks from Munich on China policy, AI disruptions and NATO burden sharing. Tiffany Wilding, PIMCO economist, breaks down inflation trends and the Fed’s likely path for rate cuts. Tom Forte, Maxim Group tech analyst, tackles Amazon’s big CapEx bet, AI readiness and Apple’s margin pressures.
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Amazon's CapEx A Calculated Bet
- Tom Forte argues Amazon's $200bn CapEx is likely worthwhile because it can drive automation and efficiency across fulfillment and software.
- He warns spending can be scaled back if returns don't materialize, limiting downside for investors.
Amazon's Investment Playbook
- Tom Forte recalls Amazon's history of ramping investment to seize opportunities, likening current CapEx to past cycles.
- He points out that automation can both displace some jobs and create others in manufacturing and servicing robots.
AI Today Falls Short
- Tom Forte says current consumer-facing AI (e.g., Alexa, Siri) is not yet very good and doesn't justify hype today.
- He still sees directional improvement and the potential for much better performance in the future.