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AI Spending Faces the Profit Test

Goldman Sachs Chief US Equity Strategist Ben Snider says concentration in the Magnificent Seven could amplify risk as macro pressures build. Earnings remain strong, but rising costs are weighing on results. Investors are looking to defensive sectors, while the next phase of the AI trade depends on…

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  1. 2026-10-22 14:54 · Bloomberg AI
    AI Spending Faces the Profit Test

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