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AI Investment Outlook

GOLDMAN SACHS GROUP INC · 2026-11-03 · Importance 17 · Surprise 24

Goldman Sachs trader Bobby Molavi said 60% of the S&P 500 was in bear-market territory even though the index was within about 3% of its latest record high. He described a divergence in which both technology megacaps whose capital spending is central to the AI-driven equities rally and companies receiving that spending were declining. The report provides no timeframe for the outlook or quantified impact on Goldman Sachs.