Goldman Sachs CEO says markets in 'greed' mode as AI companies seek billions
Goldman Sachs CEO David Solomon indicated that investors are currently in a 'greed' mode, anticipating a significant fundraising wave for major AI companies. He noted that there is ample capital available for upcoming IPOs, suggesting that the market can support these large equity offerings. Solomon acknowledged the unprecedented nature of this fundraising but emphasized the strong liquidity and wealth in the market as supportive factors.
- ▪David Solomon stated that investors have shifted into 'greed' mode as AI companies prepare for massive fundraising.
- ▪He mentioned that there is plenty of liquidity in the system if optimism continues.
- ▪Solomon downplayed concerns about the market's ability to absorb the upcoming equity offerings from AI firms.
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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.
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