Stocks to Watch Recap: Tesla, Meta, Nvidia, Blackstone -- WSJ
Dow Jones2026/10/22 21:23By WSJ Staff
Tesla (TSLA): Elon Musk's electric-vehicle company said it would spend about $20 billion in capital expenditures this year, less than an earlier estimate of $25 billion. Musk refused to discuss a possible merger with SpaceX on a call with analysts. Shares fell 3%.
Meta Platforms (META): The Facebook owner reported record revenue for the third quarter and said it would create a new class of nonvoting stock to raise capital for its AI mega-bet. Shares slipped 7%, having initially risen after Wednesday's close.
IBM (IBM): The tech company's earnings beat Wall Street expectations Wednesday night. Its stock initially rose after hours, but later pared gains. Shares closed 0.3% higher after falling earlier in the session.
Nvidia (NVDA), SpaceX (SPCX), Micron (MU): Some of the biggest names in artificial intelligence dropped, the latest jitters to slow the AI trade that has dominated global stock markets.
Lam Research (LRCX): Shares of the company, which makes chip-production equipment, dropped 11.8% even though its revenue and adjusted profit topped analyst forecasts, a sign of lofty expectations for AI-related companies.
Spotify (SPOT): The audio-streaming platform reported higher revenue and added premium subscribers; shares climbed 11%.
American Airlines (AAL): The air carrier said it is on course for an adjusted loss in the current quarter, as surging fuel prices continue to offset revenue strength. Shares rose 3%.
Comcast (CMCSA): The cable and entertainment company's revenue fell, but adjusted earnings per share beat analyst estimates. Shares advanced 3.4%.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
October 22, 2026 17:23 ET (21:23 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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