Goldman Sachs CEO David Solomon says AI financing demand remains strong despite market jitters

Goldman Sachs Stays Active in AI Capital Markets

Goldman Sachs CEO David Solomon affirmed that AI financing demand continues at strong levels despite recent market volatility that has rattled investor confidence in artificial intelligence infrastructure investments1

1

. Speaking to CNBC's Leslie Picker on Monday, Solomon revealed his firm has been "very active" in AI capital markets deals over recent weeks and expects this momentum to persist through the coming months2

2

. "There's still very strong demand for investments in the AI infrastructure build and the technology around the growth of AI," Solomon stated, emphasizing Goldman Sachs' continued engagement in financing the sector3

3

.

Market Jitters Hit Chipmakers and Neocloud Providers

AI-related stocks, particularly chipmakers and neocloud providers, have experienced sharp declines in recent weeks as investors undergo a recalibration regarding whether hundreds of billions of dollars being poured into AI infrastructure will generate adequate returns1

1

. The selloff began before the U.S. midterm elections and accelerated following Democratic sweeping victories on Tuesday, stoking concerns that political opposition could impede the industry's expansion2

2

. The Nasdaq Composite fell more than 5% last Thursday as investors sold off AI chip and data center stocks in the aftermath of the midterm elections2

2

. David Solomon acknowledged that changes in the political environment create "recalibrations and ups and downs," but maintained his conviction about the long-term potential of AI to drive economic productivity in the U.S. economy3

3

.

Anthropic IPO Tests Public Market Appetite

The shifting sentiment arrives at a critical juncture for AI model lab Anthropic, which is preparing for a potential IPO that could become one of the biggest tests yet of public-market appetite for AI companies1

1

. Goldman Sachs is among the banks leading the Anthropic IPO process, positioning the firm at the center of what may prove a pivotal moment for AI infrastructure financing2

2

. While declining to comment in detail about the offering, Solomon noted, "We'll see, obviously, if this IPO moves forward, how it all plays out. I would say that the market environment is still pretty constructive"3

3

. Solomon had warned in June that investors had moved into "greed" mode as markets prepared for large AI public offerings, cautioning that greed can "turn into fear very quickly"2

2

.

Data Center Construction Faces Political Headwinds

Solomon directly addressed political opposition to data center construction, arguing the infrastructure is essential to the U.S. economy and can be built responsibly1

1

. The Goldman Sachs CEO warned against allowing political resistance to push critical AI infrastructure development outside American borders. "We certainly don't want this infrastructure going to places outside the U.S., which is what will naturally happen because the demand for compute is there," Solomon emphasized3

3

. His comments underscore growing tensions between AI infrastructure demand and regulatory or political constraints that could affect where companies choose to build data centers. Despite investor recalibration and market volatility, Solomon's remarks signal confidence that AI infrastructure financing will remain a priority for Goldman Sachs and the broader financial sector as compute demand continues expanding globally1

1

.