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Goldman Sachs CEO says AI boom could feed stock market drawdown
Yahoo Finance·2025-10-03 14:35

Goldman Sachs CEO David Solomon says the stock market will soon experience a “drawdown” as the results from a big investment cycle in AI start to show: “There are going to be winners and losers.” “I wouldn't be surprised if in the next 12 to 24 months we see a drawdown with respect to equity markets,” Solomon said Friday at the Italian Tech Week in Turin, Italy. “But that shouldn't be surprising given the run we've had.” Solomon said that with any new technology there is an initial big investment and exc ...