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G Sachs: AI Trade Has Been 'Sold to Death'; Democratic Sweep Brings Positive Factors, While Micro Fundamentals Remain Strong
2026-11-05 09:59:50 Market sentiment toward AI-related stocks has turned evidently negative recently, while the midterm election results have also led some investors to believe that the industry's worst-case scenario has already materialized. However, a Goldman Sachs strategist held a different view. He believed valuations of AI-related stocks have already been adjusted downward, short positions now need to be covered for profit-taking, and the election outcome may ultimately accelerate capital expenditure rather than hinder it. Rich Privorotsky, Head of European Equity Trading at Goldman Sachs, said that fund managers should note that after AI stocks had been "sold to death", micro fundamentals remain strong, election uncertainty has declined, and market positioning is now clearly healthier. ~ AASTOCKS Financial News Website: www.aastocks.com | |