Wall Street’s Confidence Amidst Global Tensions

Despite challenges in global markets stemming from the Iran war, Wall Street appears poised to invest further in Big Tech.

David Solomon, the CEO of Goldman Sachs, spoke at the New York Economic Club and indicated that there seems to be “more greed than fear” influencing the market currently, as reported by the Financial Times. These comments come in the face of ongoing inflation and climbing gasoline prices. “I know this might get me into trouble, but honestly, I think it’s true,” he remarked. “Right now, greed seems to have the upper hand over fear. That’s part of why we’re seeing people who need funding turning to the market—because the money is out there.”

Solomon also shared his outlook on the future, suggesting that developments in AI could transform the U.S. into a “very productive economy” with low unemployment rates over the next decade. However, he cautioned that the overall sentiment in the market could shift rapidly to fear.

A spokesperson from Goldman Sachs directed inquiries to Solomon’s full statement for more insights.

Goldman Sachs previously estimated that companies would invest over $500 billion in the global AI sector by 2026, despite research indicating that about half of Americans feel anxious rather than excited about AI’s increasing presence in their lives.

Furthermore, AI-related expenditures could soar to $5.3 trillion between 2025 and 2030, a notable increase from an earlier estimate of $4.5 trillion.

Since the outbreak of the Iran war in late February 2026, prices for everyday items in the U.S. have surged, with reported increases of 0.9% in March and 0.6% in April.