Goldman Sachs Backs $300M AI Loan, 60% Mutual Funds Outperform
Goldman Sachs is providing a $300 million loan to Crusoe for AI chip deployment, collateralized by AMD hardware at roughly 6% interest with a chip buyback guarantee. Separately, GS data shows nearly 60% of large-cap mutual funds outperformed benchmarks by reducing tech exposure early this year.
1. $300M AI Loan Financing
Goldman Sachs has agreed to underwrite a $300 million credit facility for AI infrastructure startup Crusoe, with collateral comprising AMD chips and related equipment. The deal includes a chip repurchase guarantee if Crusoe fails to attract AI customers and secures a 6% interest rate, well below market levels.
2. Tech Underweight Boosts Fund Performance
Goldman Sachs data indicates that nearly 60% of large-cap mutual funds have outpaced their benchmarks by trimming technology holdings this year. This strategy has paid off as energy, materials and industrial sectors rallied, reversing the prior dominance of megacap tech stocks and broadening market leadership.