David Solomon of Goldman Sachs sees market drawdown ahead, says AI frenzy may set stage for equity shakeout

October 4, 2025

David Solomon, Goldman Sachs CEO, warns of a stock market drawdown within 12 to 24 months. He notes AI enthusiasm drives current market cycles. Solomon indicates capital deployed into AI ventures may not deliver returns. He draws parallels to the dotcom era. Investor excitement leads to risk-taking. A market reset will happen. Other leaders also express concerns about market speculation.

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