Goldman CEO: 'Greed Mode' Back for OpenAI, SpaceX IPOs

Goldman Sachs CEO David Solomon says investors are now in "greed mode." He states there is sufficient capital for upcoming initial public offerings from OpenAI, Anthropic, and SpaceX. Solomon believes liquidity will not be a problem if market optimism continues. He noted that Goldman Sachs raised its year-end S&P 500 target to 8,000 from 7,600, citing strong AI-fueled earnings growth. Goldman expects Nvidia Corp. and Micron Technology Inc. to drive about one-third of the S&P 500’s earnings-per-share growth this year. Veteran strategist Ed Yardeni also dismissed concerns about the market's ability to absorb the supply, stating the capital being raised is around $200 billion. This suggests a significant period of market activity and investment, especially in the AI sector.