Goldman Sachs CEO Solomon states that the AI-driven sell-off in software stocks has been excessive.

LootboxPhobia · 2026-02-12T12:51:05+00:00

Goldman Sachs CEO David Solomon believes that last week's sharp decline in software stocks due to concerns over artificial intelligence competition was excessive, and there will be winners and losers in the future. He is optimistic about U.S. economic growth, believing that fiscal stimulus and deregulation will drive expansion, but trade, inflation, and geopolitical issues remain key investment concerns.

LootboxPhobia

2026-02-12 12:51:05

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Investing.com – Goldman Sachs CEO David Solomon believes that the sharp decline in software stocks last week due to concerns over artificial intelligence competition was overly severe.

“I think the narrative over the past week has been a bit too broad,” Solomon said Tuesday at the UBS conference in Biscayne Bay, Florida. “There will be winners and losers — many companies will adjust their strategies and perform well.”

Following the announcement by Anthropic PBC of a new AI automation tool, many software stocks declined, as the tool raised questions about its potential impact on existing software-as-a-service businesses. The market reaction broadly affected various companies, regardless of whether they already had AI partnerships or proprietary data capabilities.

In the interview, Solomon also expressed optimism about U.S. economic growth this year, stating that “the macro environment is generally very good.”

He highlighted several growth drivers, including strong fiscal stimulus, deregulation, and potential populist actions by President Donald Trump as midterm elections approach. Solomon noted that trade issues, inflation, and geopolitical tensions remain ongoing concerns for investors.

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