Goldman Sachs says AI infrastructure financing remains strong despite market jitters

Goldman Sachs chief David Solomon told CNBC on Monday that financing demand for artificial intelligence infrastructure remains strong despite recent market jitters as investors reassess the risks involving the massive build-out. Solomon said that his firm has been very active in AI capital markets deals over recent weeks, a setup that he expects to continue.

There is still very strong demand for investments in the AI infrastructure build and the technology around the growth of AI, Solomon told CNBC. Changes in the political environment are among factors that will create recalibrations and ups and downs, but he still deeply believes in the long-term trajectory of the power of AI in our economy to drive productivity.

AI-related stocks, including chipmakers and neocloud providers, have tumbled in recent weeks as investors reassess whether the hundreds of billions of dollars being poured into AI infrastructure will generate good returns. The shifting sentiment comes at a key moment for AI model lab Anthropic, which is preparing for a potential public offering that could become one of the biggest tests yet of public-market appetite for AI companies.

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Goldman is among the banks leading that IPO process. Solomon also pushed back against political resistance to data center construction, arguing that the infrastructure is essential to the U.S. economy and that it can be built responsibly so it does not move abroad.