US EditionGoldman boss David Solomon warns of a stock market drawdown: ‘People won’t feel good’
Goldman Sachs CEO David Solomon warns a market correction may follow AI-driven gains, with some investments failing to yield returns within 12 to 24 months.
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8 Articles
The stock market has moved into the risk zone for a deeper downturn within the next two years after the AI craze has caused the S&P 500 index in the US to break record after record and seem almost unstoppable.
Goldman Sachs CEO: Overextended AI Craze Puts Stock Market on “Risk Curve”
(US Dollar Defense)—Goldman Sachs CEO David Solomon has issued a stark caution about the stock market’s trajectory, predicting a pullback as the artificial intelligence craze shows signs of overextension. Speaking at Italian Tech Week in Turin on October 3, Solomon drew direct comparisons to historical tech surges that ended in painful adjustments for investors. He described the inevitable ups and downs of market behavior this way: “Markets run …
Goldman Sachs CEO David Solomon referred to the mass adoption of the internet in the late 1990s and early 2000s.
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