Goldman Sachs Head of European Equity Trading Explains Why Investors Are Reducing AI Exposure

Rich Privorotsky, Goldman Sachs Head of European Equity Trading, said on The Markets podcast that investors are reducing AI-related exposure as they reassess technology infrastructure spending plans and factor in rising capital costs. Markets will focus on big tech companies' Q3 earnings to verify whether hyperscaler investments can translate into revenue growth. The structural shift from excess savings to excess spending, combined with high energy prices, is also reducing investor risk appetite.