Goldman Slumps 1.43% as AI Sector Caution Weighs $1.35B Volume Ranks 58th

Goldman Sachs (GS) fell 1.43% on September 5, 2025, with a trading volume of $1.35 billion, ranking 58th among stocks in the market. Analysts highlighted growing caution around the AI sector, noting that while consumer adoption is accelerating, enterprise integration remains cautious. Goldman’s Eric Sheridan emphasized the nonlinear risks in AI’s application layer, where businesses face budget constraints and employee resistance, contrasting with consumer-friendly AI adoption. Ryan Hammond warned that AI stock valuations may already outpace fundamentals, with a 32% rally in 2024 raising concerns about a potential slowdown in hyperscaler spending.

The firm advised investors to diversify portfolios beyond tech-heavy allocations to mitigate AI-related volatility. With Meta’s $600 billion AI infrastructure pledge and broader sector uncertainty, Goldman urged caution on overvalued AI stocks. The partnership between Goldman and T. Rowe Price, involving a $1 billion investment for a 3.5% stake, aims to expand access to private market solutions for retirement and wealth clients. This collaboration aligns with regulatory shifts favoring alternative assets in retirement plans, potentially enhancing Goldman’s fee income and asset growth.

To run the back-test accurately, key parameters must be defined: universe scope (e.g., all U.S. stocks or a specific index), inclusion of ADRs and penny stocks, volume ranking criteria (share or dollar volume), and portfolio rebalancing rules (e.g., daily trading with transaction costs). Clarifying these details will enable a precise analysis from January 3, 2022, to the present.