{"id":103704,"date":"2025-10-05T06:41:07","date_gmt":"2025-10-05T06:41:07","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/103704\/"},"modified":"2025-10-05T06:41:07","modified_gmt":"2025-10-05T06:41:07","slug":"goldman-sachs-ceo-david-solomons-big-warning-markets-will-see-drawdown-in-next-1-2-years","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/103704\/","title":{"rendered":"Goldman Sachs CEO David Solomon’s big warning \u2014 Markets will see \u2018drawdown\u2019 in next 1-2 years"},"content":{"rendered":"

Some people will likely lose money in the coming \u201cdrawdown\u201d from the artificial intelligence (AI) boom in the equity markets, according to Goldman Sachs CEO David Solomon<\/a>, CNBC reported.<\/p>\n

The stock markets have jumped to record highs thanks to AI, but as with the nature of market<\/a> cycles, Solomon feels that over the next one to two years, \u201cthere are going to be winners and losers\u201d, it said.<\/p>\n

\u2018Won\u2019t be surprised if we see drawdown in equity markets\u2026\u2019<\/p>\n

Speaking at the Italian Tech Week in Turin<\/a>, Italy on October 3, CNBC reported Solomon giving the example of the early 2000s dotcom bubble, as a point of reference for how he views AI’s market boom.<\/p>\n

\u201cMarkets run in cycles, and whenever we\u2019ve historically had a significant acceleration in a new technology that creates a lot of capital formation, and therefore lots of interesting new companies around it, you generally see the market run ahead of the potential … there are going to be winners and losers,\u201d he said. He added that mass adoption of the internet in the late 1990s and early 2000s created tech giants, but also led to the \u201cdotcom<\/a> bubble\u201d.<\/p>\n

\u201cYou\u2019re going to see a similar phenomenon here. I wouldn\u2019t be surprised if in the next 12 to 24 months, we see a drawdown with respect to equity markets … I think that there will be a lot of capital<\/a> that\u2019s deployed that will turn out to not deliver returns, and when that happens, people won\u2019t feel good,\u201d Solomon said.<\/p>\n

\u2018Not going to says bubble, but people on risk curve\u2019<\/p>\n

Solomon added that he was resistant to calling the AI<\/a> boom a \u201cbubble\u201d, but was cautioned investors, \u201cI\u2019m not going to use the word bubble, because I don\u2019t know, I don\u2019t know what the path will be, but I do know people are out on the risk curve because they\u2019re excited.\u201d<\/p>\n

\u201cAnd when [investors are] excited, they tend to think about the good things that can go right, and they diminish the things you should be sceptical about that can go wrong … There will be a reset, there will be a check at some point, there will be a drawdown<\/a>. The extent of that will depend on how long this [bull run] goes,\u201d he added.<\/p>\n

However, when it came to his view on AI as a whole, Solomon was optimistic and excited. \u201cI sleep very well. I\u2019m not going to bed every night worried about what will happen next. Generally speaking, I think what\u2019s super exciting is the technology<\/a> is expanding, new companies are being formed, and the potential of this technology deployed into the enterprise can be very, very powerful. So, it\u2019s an exciting time,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"Some people will likely lose money in the coming \u201cdrawdown\u201d from the artificial intelligence (AI) boom in the…\n","protected":false},"author":2,"featured_media":103705,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[291,52960,289,290,65216,65219,65220,16157,65218,18,65221,20366,19,17,8538,188,5,1086,65215,205,992,82,65217,107,65222,8537],"class_list":{"0":"post-103704","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-ai-boom","10":"tag-artificial-intelligence","11":"tag-artificialintelligence","12":"tag-david-solomon","13":"tag-dotcom","14":"tag-dotcom-boom","15":"tag-drawdown","16":"tag-early-internet","17":"tag-eire","18":"tag-equity-marks","19":"tag-goldman-sachs","20":"tag-ie","21":"tag-ireland","22":"tag-losers","23":"tag-markets","24":"tag-news","25":"tag-stock","26":"tag-stock-market-drawdown","27":"tag-stock-markets","28":"tag-stocks","29":"tag-technology","30":"tag-technology-expansion","31":"tag-us","32":"tag-us-new","33":"tag-winners"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/103704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=103704"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/103704\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/103705"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=103704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=103704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=103704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}