Goldman Sachs CEO Says AI Infrastructure Financing Holds Firm Despite Market Selloff

Institutional demand for financing artificial intelligence infrastructure has not buckled under the recent selloff in public technology equities, Goldman Sachs chief executive David Solomon said on Monday.

Speaking in an interview with CNBC's Leslie Picker, reported by Tech Startups (https://techstartups.com/2026/11/09/ai-financing-demand-remains-strong-despite-wall-street-selloff-goldman-sachs-ceo-says/), Solomon said the investment bank has maintained steady participation in AI-related capital markets transactions in recent weeks. He projected that deal volume will remain active through the end of the year, indicating that institutional capital continues to underwrite high-cost data center and computing expansions.

The remarks arrive amid mounting scrutiny over whether massive corporate capital expenditures will yield near-term revenue. Shares across semiconductor designers, cloud platforms, and related hardware suppliers have retreated sharply, a drop exacerbated following the Nov. 3 U.S. midterm elections. Those political shifts amplified industry concerns surrounding potential restrictions on new data center developments, regional electrical grid constraints, and municipal resistance to heavy industrial power draw.

Solomon acknowledged that political and market recalibrations will produce cyclical volatility, but maintained that the long-term case for AI driving economic productivity remains compelling. Addressing pushback against domestic facilities, he warned that regulatory obstacles in the United States would fail to dampen global compute appetite, instead diverting capital and project development abroad.

The durability of capital commitments does not signal unchecked underwriting. Credit investors and commercial banks have become more selective, tightening requirements around borrower cash flows, construction milestones, and customer commitments. The broader public market appetite for AI balance sheets faces an imminent test with foundation model developer Anthropic preparing for a potential initial public offering, an issuance Goldman Sachs is assisting.