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 ...

David Solomon, chief executive officer of Goldman Sachs.Bloomberg | Bloomberg | Getty ImagesStock markets are due a "drawdown" in the next year or two after years of being propelled to record highs by an AI frenzy, according to Goldman Sachs CEO David Solomon."Markets run in cycles, and whenever we've historically had a significant acceleration in a new technology that creates a lot of capital formation, and therefore lots of interesting new companies around it, you generally see the market run ahead of the ...