Overview
- Goldman Sachs CEO David Solomon says AI will deliver enormous productivity gains, while cautioning that investors should expect drawdowns and uneven adoption.
- Goldman’s Kim Posnett argues it is too early to declare a bubble and describes hyperscaler borrowing as high‑quality credit even as interconnected partnerships raise some risk.
- Morgan Stanley’s Sherry Paul characterizes recent volatility as reset opportunities and points to roughly $3 trillion in AI spending through 2026 financed by cash flow and debt.
- The bubble debate intensified, with some investors rejecting the label as others — including Sundar Pichai — noting elements of irrationality, and Hugging Face’s CEO predicting an LLM bubble could burst next year.
- Nvidia’s earnings are framed as an 'AI State of the Union,' highlighting market concentration and sharpening questions about when massive data‑center outlays will translate into results.