Goldman Sachs partner: US stocks are showing signs of long surrender
2025-11-21 20:09:19
Tony Pasquallillo, a partner at Goldman Sachs, believes the US stock market is showing signs of bullish disarming and further selling is expected before the market stabilises. He notes that while Nvidia has reported impressive better-than-expected results and raised guidance, the market appears to be entering a new phase in the artificial intelligence cycle, with investors becoming sceptical about the sustainability of capital expenditure and future returns for Hyperscale Cloud as a Service.
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