Simeon Wallis Shares His Outlook on AI and Inflation on Schwab Network

October 21, 2026 - Simeon Wallis, Aprio Wealth Management's Chief Investment Office and Partner, joins Schwab Network's Morning Movers from the NYSE floor to discuss artificial intelligence, capital expenditures (CapEx) and his outlook on inflation.

Simeon shares why he sees AI as a continued growth driver for companies, explaining that businesses have room to increase CapEx on evolving technologies. Even as interest rates climb and energy costs remain elevated, he notes that technology investments can open new opportunities for companies to improve efficiencies and reduce costs.

Looking ahead, Simeon identifies inflation's impact on wage growth as the biggest potential red flag to his bullish outlook, highlighting it as a key indicator for investors to watch.

To watch the full interview, visit Schwab Network.