Goldman Sachs Offers 4% APY 14-Month CD, CEO Forecasts AI IPO Liquidity
GS•Goldman Sachs’ Marcus unit launched a 14-month CD at a 4% APY, marking the highest rate available today as deposit yields decline nationwide. Goldman’s analysts reaffirmed a $285 target on NVIDIA following its 6.26% June 1 breakout, and CEO David Solomon declared “greed mode” has returned, forecasting robust liquidity for upcoming AI IPOs.
1. Marcus Unit Launches Highest 4% APY CD
On June 3, Marcus by Goldman Sachs introduced a 14-month certificate of deposit at 4% APY, the top yield among short-term CDs in the market. The launch aims to bolster Goldman Sachs’ consumer deposit franchise as banks contend with narrowing net interest margins amid falling benchmark rates.
2. Analysts Reaffirm $285 NVIDIA Target
On June 1, Goldman Sachs analysts led by James Schneider maintained a Buy rating and a $285 price target on NVIDIA after the stock jumped 6.26% to close above $224, breaking out of a multi-week downtrend. The team highlighted NVIDIA’s AI PC partnerships, datacenter leadership and the upcoming Vera Rubin chip platform as key growth catalysts.
3. Solomon Declares “Greed Mode” and Predicts IPO Surge
CEO David Solomon said investors are in “greed mode,” with liquidity set to fuel a fundraising wave from major AI firms like OpenAI, SpaceX and Anthropic. His remarks signal confidence in Goldman Sachs’ equity capital markets pipeline and anticipate higher advisory and underwriting revenue in coming quarters.
