Goldman Sachs CEO David Solomon says market liquidity and optimism are fueling AI mega-deals, describing a period of “more greed than fear.” After attaining $17 billion in profits last year, the bank secured lead roles on SpaceX’s IPO and Alphabet’s $80 billion follow-on, and is targeting Anthropic and OpenAI listings.
David Solomon said plentiful liquidity and high optimism are driving a wave of AI megadeals, characterizing the current environment as one with “more greed than fear.” He emphasized that confidence in equity markets will sustain deal flow as long as macro sentiment remains positive.
Goldman Sachs posted $17 billion in profits last year, positioning the firm for another banner performance in 2026. Market volatility and robust advisory fees from tech and AI transactions are key contributors to its earnings outlook.
The bank secured the lead role on SpaceX’s IPO alongside 22 partners and served as private placement agent for Alphabet’s record $80 billion follow-on equity raise. Goldman is also vying for top spots in upcoming IPOs from Anthropic and OpenAI.
Solomon warned that enterprise demand for AI infrastructure may not follow a straight growth trajectory, citing potential technological shifts and cost pressures. He noted that lower-margin businesses will likely adopt AI more slowly than higher-margin sectors.
