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Goldman Sachs Warns of Volatility in AI Trade as Market Shifts to Application Phase
Goldman Sachs Warns of Volatility in AI Trade as Market Shifts to Application Phase
16
3
BTCCSquare news:
Goldman Sachs managing director Eric Sheridan cautions that the AI trade remains "very nonlinear and volatile in nature" despite fueling gains in the S&P 500 and Nasdaq 100 this year. The initial infrastructure-driven phase—exemplified by Nvidia and Broadcom’s performance—is giving way to an uncertain application layer, where enterprises face budget constraints and employee adoption hurdles.
Consumer-facing AI tools may see faster uptake due to fewer operational barriers. Meta Platforms already reports engagement boosts from AI algorithms, but sustainable earnings growth across sectors remains unproven. Market participants should brace for turbulence as this technological evolution unfolds.
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