Closing Bell Closing Bell Overtime: Exclusive with Netflix’s Co-CEO Ted Sarandos; Making Sense of Tech Weakness 2/17/26
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Feb 17, 2026 
Ted Sarandos, Netflix Co-CEO and longtime media executive, explains why Netflix paused to let Paramount reopen talks and defends Netflix’s acquisition strategy. Short takes cover regulatory risks, deal mechanics, AI’s role in content, sports rights economics, and what the bids mean for studios, workers, and viewers.
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CapEx Debate Reveals AI Timing Uncertainty
- Gene Munster says the CapEx debate reflects uncertainty about AI's ultimate utility and timing.
- Deepwater remains underweight AI but believes current CapEx could deliver profound returns long term.
Wait For Clear Competitive Proofs
- Gene Munster advises waiting for demonstrable competitive 'Google moments' from seat-based software vendors before buying.
- He suggests investors seek clear proofs that vendors can compete with new AI platforms.
AI Spending Targets The Full Stack
- Meta expanded its partnership with NVIDIA, signaling hyperscalers optimize full stacks, not just buy more GPUs.
- This highlights spending on CPUs, networking and software layers as critical to AI infrastructure efficiency.