Goldman Sachs CEO David Solomon stated that the recent selloff in software stocks, driven by concerns about AI competition, was likely overdone. He believes that while there will be winners and losers, many companies will successfully adapt and perform well. Solomon made these remarks at a UBS Group AG conference.
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Goldman’s Solomon Says Software Selloff Has Been ‘Too Broad’
Goldman Sachs CEO David Solomon stated that the recent selloff in software stocks, driven by concerns about AI competition, was likely overdone. He believes that while there will be winners and losers, many companies will successfully adapt and perform well. Solomon made these remarks at a UBS Group AG conference.