Wall Street aims to pour more money into Big Tech despite the Iran Warās strain on global markets.
Goldman Sachs CEO David Solomon told the Economic Club of New York that he sees āmore greed than there is fearā in the markets, the Financial Times (FT) reported Wednesday. Solomonās remarks come amid sustained inflation and rising gas prices.
āI know when I say it, it will get quoted. But I think itās definitely true and something for us to reflect on. We are definitely at a moment where thereās more greed than there is fear,ā he reportedly said. āThatās one of the reasons why people that need this capital are coming to the markets. Because the capitalās available.ā
Solomon also predicted that the U.S. will have a āvery, very productive economyā with low unemployment in the next decade as AI advances, according to FT. Solomon did warn that the marketsā moods ācan turn into fear very quickly.ā
A Goldman Sachs spokesperson directed the Daily Caller News Foundation to Solomonās full statement, which can be watched here.
Goldman Sachs previously projected that companies will invest over $500 billion into the global AI industry in 2026. This is despite Pew Research Centerās Sept. 2025 survey estimating that approximately 50% of Americans are more worried than excited about AIās increased role in everyday life.
AI spending will likely hit $5.3 trillion in fiscal years 2025 through 2030, Goldman Sachs projected on June 3. This is up from their prior projection of $4.5 trillion.
Since the Iran War began in late February 2026, the cost of everyday goods in the U.S. increased by 0.9% in March, and 0.6% in April.
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