Goldman Sachs: Market Attention on Artificial Intelligence Remains Strong

Glonghui, January 23｜Goldman Sachs analysts believe that overall, market attention to artificial intelligence remains strong. However, this does not mean there is an artificial intelligence bubble. Oppenheimer wrote: "The dominance of the technology sector in the market was not triggered by the emergence of artificial intelligence. It began after the financial crisis and was supported by exceptional profit growth." Although the stock prices of major tech companies have soared, valuations are not as extreme as those seen in past bubbles. One measure of this is the gap between the valuations of the five largest companies in the S&P 500 and the remaining 495 stocks, which shows a much smaller difference than in previous cycles, such as at the peak of the 2000 tech bubble.