Premium"This Is What I Got Wrong": Top Goldman Trader Flips On AI As Market Prices Peak CapEx...
On Monday, Goldman's Rich Privorotsky said nobody knew what to worry about in AI. On Wednesday, he said AI infrastructure had been "sold to death." On Thursday, he admitted he had it wrong.
In his latest "GS Basics" note, titled "Stocks Up/Momentum Down. Vol Crush. Min Vol Breakout" (available to pro subs), Goldman's head of EMEA 1-delta trading opens the AI section with three words you rarely see from a sell-side trader: