Goldman Sachs strategist: AI market is a "rubber band" — valuations still stretching
Rich Privorotsky, a strategist at Goldman Sachs, described the AI market as a "rubber band" — still stretching but with unknown limits. While major hyperscalers continue to raise their capital expenditure forecasts, AI software is becoming cheaper to develop outside of the biggest players. The key question, he says, is how far the market can stretch before a correction occurs.
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