The Bad PlaceUS Top News and Analysis | Goldman Sachs CEO David Solomon says markets are in 'greed' mode as AI companies seek billions
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Goldman Sachs CEO David Solomon told CNBC that the market is currently dominated by “greed rather than fear,” with abundant liquidity supporting a wave of massive equity offerings from leading artificial‑intelligence firms such as OpenAI, Anthropic and SpaceX (through Elon Musk’s AI venture). He noted that investors’ optimism was evident after Alphabet’s successful $80 billion equity raise and argued that record levels of wealth and market liquidity can absorb the unprecedented fundraising demand from AI companies seeking billions to fund data‑center, chip and infrastructure expansion. While acknowledging that exuberance can quickly turn to fear, Solomon believes the current environment may be earlier in the cycle, and that the self‑reinforcing cycle of AI profits, taxes and new ventures could sustain this bullish mood for an extended period.
Read more: https://www.cnbc.com/2026/06/02/goldman-ceo-david-solomon-greed-mode-ai-firms-ipos.html