Overview

• Speaking at Italian Tech Week in Turin on Friday, Solomon said a pullback in equities within the next one to two years would not surprise him.
• He likened the current AI-driven rally to the dot-com era, noting that markets often outpace real-world potential during major technology shifts.
• AI enthusiasm has helped lift major indexes to record highs as investors channel funds into companies such as Microsoft, Alphabet, Palantir and Nvidia.
• Solomon said investors are out on the risk curve, warning that a meaningful share of capital likely will not generate returns, prompting a future reset.
• At the same event, Jeff Bezos described AI as an “industrial bubble,” while Solomon maintained confidence in AI’s long-term impact despite near-term risks.