04 Oct 2025 | 3 Mins Read
David Solomon warns of market drawdown, cites AI frenzy as catalyst
Flipitmoney
Goldman Sachs Chairman and CEO David Solomon cautioned investors about a potential stock market drawdown within 12 to 24 months, citing excessive enthusiasm for artificial intelligence (AI). Solomon compared the current market to the 1990s dotcom era, which saw a sharp correction after investors overhyped unproven business models.