Goldman Sachs stock rose 1.4% amid several corporate developments. The firm is finalizing a deal to move its Milan headquarters into the former Credit Suisse building, expanding its presence in Italy. Goldman Sachs initiated coverage of Credo Technology Group with a "Buy" rating and $165 price target, citing the company's high-speed connectivity products for datacenters. The bank secured a $250 million warehouse credit facility with Gracie Point Holdings to support its affluent markets platform. Goldman Sachs strategists noted that capital-intensive stocks are outperforming amid AI concerns, with their basket of asset-heavy stocks outperforming capital-light alternatives by approximately 35% since early 2025. Additionally, Goldman raised its year-end oil price forecasts for Brent and WTI crude, citing lower-than-expected OECD stock levels.
Read full analysisGoldman Sachs stock rose 1.4% amid several corporate developments. The firm is finalizing a deal to move its Milan headquarters into the former Credit Suisse building, expanding its presence in Italy. Goldman Sachs initiated coverage of Credo Technology Group with a "Buy" rating and $165 price target, citing the company's high-speed connectivity products for datacenters. The bank secured a $250 million warehouse credit facility with Gracie Point Holdings to support its affluent markets platform. Goldman Sachs strategists noted that capital-intensive stocks are outperforming amid AI concerns, with their basket of asset-heavy stocks outperforming capital-light alternatives by approximately 35% since early 2025. Additionally, Goldman raised its year-end oil price forecasts for Brent and WTI crude, citing lower-than-expected OECD stock levels.
Goldman Sachs is one of the world's largest investment banks, generating revenue from trading, M&A advisory, asset management, and lending to institutional and high-net-worth clients. Its strategists are actively publishing research on the AI disruption trade — including today's note on asset-heavy stocks outperforming — even as the same narrative pressures the firm's own valuation. As a bellwether financial stock, Goldman is acutely exposed to the sector-wide AI disruption fears that drove financials sharply lower on Monday.