Goldman CEO Says Markets Have Enough Liquidity to Absorb AI IPOs
Summary
- Goldman Sachs CEO David Solomon said the current financial market is in a period defined more by greed than fear.
- Solomon said that if global optimism persists, there is enough liquidity in the financial system to absorb large IPOs from companies such as OpenAI, Anthropic and SpaceX.
- He cited the limited decline in Alphabet shares despite the company’s $80 billion equity offering, saying record levels of wealth and liquidity are backing AI investment and an unprecedented wave of fundraising.
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Goldman Sachs Chief Executive Officer David Solomon said financial markets are in a period defined more by “greed” than “fear.”
In an interview with CNBC on June 2, Solomon said there is enough liquidity in the financial system as long as global optimism persists. In his view, that leaves markets with sufficient capacity to absorb large initial public offerings from technology companies including OpenAI, Anthropic and SpaceX.
Solomon also said investors remain receptive to artificial intelligence bets. He pointed to Alphabet’s announcement a day earlier of an $80 billion equity offering to fund AI infrastructure investment, noting that the stock’s decline was limited despite the size of the deal. While recent fundraising has reached unprecedented levels, record wealth and liquidity across markets are supporting it, he added.
Han Myung-hyun, Hankyung.com reporter, wise@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
