AI Bubble Theory | Goldman Sachs: The logic of "selling shovels" in AI remains unchanged, and the demand for infrastructure remains solid

Brook Dane from Goldman Sachs Asset Management pointed out that despite escalating geopolitical tensions, AI spending is still accelerating, and investors should focus on semiconductor and AI-related assets. He stated that although risk premiums may rise, the demand for AI infrastructure remains solid, and computing power is a scarce resource in the market, supporting a long-term capital expenditure cycle. His analysis predicts that capital expenditures will accelerate growth, currently in the early to mid-cycle, with abundant investment opportunities still available in the AI chip ecosystem