AI Stocks Could Dip Lower Amid Earnings Uncertainty, Says Goldman Sachs Equity Strategist: Report
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A top Goldman Sachs strategist says artificial intelligence (AI) stocks could be ready to dip lower amid potential earnings uncertainty.In a note seen by Yahoo Finance, Ryan Hammond, Goldman’s vice president of US equity strategy, warns the percentage of capital expenditures devoted to AI investment could be nearing a top, which in turn could prime bullish investors for disappointment if future earnings are tepid.Hammond, however, does not think AI valuations appear to be a bubble.
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