Goldman warns AI fears are reshaping US investors long term growth bets

Software valuations may be built on profits beyond a decade

Goldman Sachs analysts say worries that AI could weaken long-term U.S. corporate growth are reviving questions about how much today’s stock valuations depend on profits expected far beyond the next decade. The focus is especially on software companies, where expectations extending to long run growth are now facing tighter scrutiny, shifting how investors frame risk and opportunity.