The prime brokerage book at Goldman Sachs recorded its largest-ever weekly selling of technology stocks last week, trading executive Rich Privorotsky said, according to an October 24 report from BlockBeats.
AI spending faces a revenue test
Privorotsky described investors demanding evidence that heavy AI capital spending can generate revenue. He said cloud providers need to convert orders into sales and improve free cash flow.
He also highlighted power constraints facing AI infrastructure and financing pressure on highly leveraged cloud providers. Despite increased near-term risks, he said spot compute prices continued to rise and demand remained strong.
Source: BlockBeats, 2026-10-24 07:25:18 UTC.