Goldman Sachs CEO David Solomon says markets are in 'greed' mode as AI companies seek billions
Key points
- Goldman Sachs CEO David Solomon said Tuesday that investors have shifted decisively into "greed" mode as markets are poised to test an unprecedented fundraising wave for giant artificial intelligence firms.
- Asked by CNBC's Leslie Picker whether markets could support a string of massive equity offerings from the upcoming initial public offerings of OpenAI, Anthropic and SpaceX, Solomon said that there is ample capital available for the deals.
- "There's plenty of liquidity in the system if the world continues to remain as optimistic," Solomon said.
- "We are definitely in a moment where there's more greed than there is fear." Solomon's comments come as investors prepare for what will be one of the busiest periods for equity issuance in years.
- The two leading providers of AI models, as well as SpaceX, which includes Elon Musk's AI company, could go public at trillion dollar-valuations just as other firms are seeking vast sums to...
Quick Summary
Goldman Sachs CEO David Solomon said Tuesday that investors have shifted decisively into "greed" mode as markets are poised to test an unprecedented fundraising wave
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Key Takeaways
- Goldman Sachs CEO David Solomon said Tuesday that investors have shifted decisively into "greed" mode as markets are poised to test an unprecedented fundraising wave for giant artificial intelligence firms.
- Asked by CNBC's Leslie Picker whether markets could support a string of massive equity offerings from the upcoming initial public offerings of OpenAI, Anthropic and SpaceX, Solomon said that there is ample capital available for the deals.
- "There's plenty of liquidity in the system if the world continues to remain as optimistic," Solomon said.
- "We are definitely in a moment where there's more greed than there is fear." Solomon's comments come as investors prepare for what will be one of the busiest periods for equity issuance in years.
- The two leading providers of AI models, as well as SpaceX, which includes Elon Musk's AI company, could go public at trillion dollar-valuations just as other firms are seeking vast sums to fund data centers, chips and infrastructure, raising questions about whether markets can absorb the supply.
📌 Source: CNBC
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