Goldman CEO Solomon: Markets in ‘greed’ mode as AI firms ready IPOs

Source Domain: www.cnbc.com

Goldman Sachs CEO David Solomon observes that investors have entered a “greed” mode, indicating strong market optimism toward upcoming AI firm IPOs, including those by OpenAI, Anthropic, and SpaceX.
Solomon remarks that there’s ample liquidity in the system to support the unprecedented fundraising wave, despite concerns about market capacity.
He cites Alphabet’s strong stock performance following its $80 billion equity raise announcement as evidence of market receptiveness to large-scale AI ventures.
Despite the record size of the upcoming fundraising efforts, Solomon believes that the current record levels of wealth and liquidity in markets will support the massive issuance of equity.
Solomon argues that the gains generated by AI companies could lead to a self-reinforcing cycle of reinvestment in new ventures and tax contributions.
He acknowledges the possibility of fear replacing greed but suggests that market exuberance could sustain for an extended period, indicating that we may be early in the investment cycle for AI.

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