Video: Strong earnings, Fed rate cut hopes drive markets

Corporate investment in AI sets the stage for growth in 2026—and beyond

August 12, 20254 min watch

BOK Financial® Chief Investment Strategist Steve Wyett and Cavanal Hill Investment Management President Matt Stephani discussed strong corporate earnings, investment in AI, inflation and the potential for rate cuts.

KEY POINTS

  • Around 90% of companies have reported earnings, which have significantly outperformed forecasts and boosted market confidence.
  • Major tech firms are projected to spend over $400 billion in capital expenditures by 2026, primarily on AI infrastructure, potentially raising future earnings estimates and stock valuations.
  • Inflation concerns, partly driven by tariffs, remain the main obstacle to Fed rate cuts.
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    BOK Financial Corporation is a more than $50 billion regional financial services company headquartered in Tulsa, Oklahoma with more than $105 billion in assets under management and administration. The company's stock is publicly traded on NASDAQ under the Global Select market listings (BOKF). BOK Financial Corporation's holdings include BOKF, NA; BOK Financial Securities, Inc., and BOK Financial Private Wealth, Inc. BOKF, NA's holdings include TransFund and Cavanal Hill Investment Management, Inc. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas and BOK Financial (in Arizona, Arkansas, Colorado, Kansas and Missouri); as well as having limited purpose offices Nebraska, Wisconsin, Connecticut and Tennessee. The entities held by BOK Financial Corporation are periodically referred to collectively as BOK Financial Corporation Group. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage trading, investment, trust services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com.

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