The AI market has become a ‘rubber band’ — the question now is how far it can stretch, says Goldman strategist

MarketWatch· Nora Redmond· Jun 23, 2026 · 9:50 AM

Rich Privorotsky, strategist at Goldman Sachs, said that while so-called hyperscalers continue to increase their capital expenditure forecasts, artificial intelligence software is becoming cheaper to develop elsewhere

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Stock investors expect the Fed to save them. But no ‘Warsh put’ is coming.

Wall Street’s belief in a central bank safety net misreads the dot-com crash. Alan Greenspan was following rules — not saving portfolios.

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