All articles tagged with #goldman sachs
OpenAI is preparing to confidentially file for an IPO in the coming weeks, with Goldman Sachs and Morgan Stanley guiding the process and a potential September listing, signaling a high-profile AI-focused public offering amid a busy Silicon Valley IPO season.
SpaceX has tapped Goldman Sachs to lead left underwriter on its IPO prospectus, with Morgan Stanley, Bank of America, Citigroup and JPMorgan Chase in supporting roles; a public filing could come as soon as Wednesday, and the offering is expected to be record-size, valued around $1.25 trillion after SpaceX’s xAI merger as OpenAI and Anthropic eye future public debuts.
U.S. stocks fell as oil prices climbed and hotter inflation kept rate-cut hopes in check, while Goldman Sachs’ Dominic Wilson warned the rally may be followed by a more volatile, balanced-risk environment. He cautioned that another Iran-related escalation or sustained higher oil could push rates up and weigh on growth, even as AI-related momentum keeps some sectors buoyant.
AMD surged about 19% after beating Q1 results and guiding for a strong Q2 as AI-chip demand boosted its Data Center revenue (up 57% to $5.8B). Goldman Sachs and Bernstein upgraded AMD to Buy with target prices of $450 and $525, respectively, as analysts see AI-driven expansion of AMD’s TAM toward about $120B by 2030; shares are up about 97% year-to-date.
Anthropic, Goldman Sachs and private‑equity partners including Blackstone and Hellman & Friedman are forming a $1.5 billion venture to embed Claude inside portfolio and mid-sized companies, staffed by engineers who redesign workflows to accelerate real‑world AI adoption, starting with PE‑owned firms across healthcare, manufacturing, financial services, retail and real estate.
Goldman Sachs warned that Brent crude could average about $90 a barrel in Q4 if Gulf exports normalize, but if shipments remain disrupted through July and Gulf production remains constrained (about 500,000 barrels per day scarred), Brent could approach $120 and WTI around $83. Prices surged after peace-talk doubts, Brent hitting $108.50 intraday and trading around $106–$107, while the Strait of Hormuz remains largely blocked; analysts warn of broader economic fallout, potential US export restrictions, and longer-term supply scarring, with Morgan Stanley echoing upside risks amid ongoing supply tightness.
Goldman Sachs expects global merger-and-acquisition volume to reach about $3.8 trillion, driven by AI-enabled long-term value strategies and private-equity asset sales. Large deals (> $10B) have already risen, signaling broader activity into 2026, with the cycle described as mid-stage and likely to persist despite ongoing uncertainty. GS is rated a Moderate Buy by analysts, with a potential upside around mid-single digits.
Goldman Sachs again lifts its oil-price outlook, forecasting Brent around $90/bbl and WTI about $83/bbl in Q4, with current trading near $106.68/bbl Brent and $95.35/bbl WTI as Iran–U.S. talks stall. The bank warns the Middle East supply shock is curbing demand, expecting global demand to fall by roughly 1.7 million bpd in the current quarter and about 100,000 bpd in 2026 versus 2025, and estimating 14.5 million bpd of lost Middle East production. ING analysts likewise see a tightening market and a roughly 13 mbpd shortfall that will push prices higher, while noting that sustained inventory draws could intensify demand destruction if the shock lasts longer.
Goldman Sachs says a safe reopening of the Strait of Hormuz could restore Gulf oil quickly, with roughly 70% of lost output back in 3 months and about 88% in 6 months, after April’s estimated 14.5 mb/d loss. However, ongoing damage to energy infrastructure, limited Gulf tanker capacity, and complexities around restarting wells could slow the final recovery and leave lasting market scars if hostilities resume; Ras Laffan LNG facilities in particular may require years to recover.
Oil trades around $95 per barrel, far below the steep spikes some predicted amid the Iran war. Goldman Sachs attributes the stability to three factors: a lower risk premium, destocking, and moderation in spot buying. The market has been cushioned by stockpiles and a global economy less dependent on oil, plus a belief that the war could end soon following a temporary U.S.-Iran ceasefire. While a future spike remains possible if disruptions persist, the near-term outlook has cooled from earlier fears.
Netflix is among the leading bidders for the Radford Studios lot in Studio City, a 55-acre property that Hackman Capital Partners put into foreclosure and that Goldman Sachs is seeking to sell, with rumors circling around a roughly $400 million price; no deal is finalized yet, but Netflix is considered a top contender, while Hackman remains involved and both sides declined to comment. The sale fits into Netflix’s broader studio expansion strategy, including a planned $1 billion Fort Monmouth project and various incentive programs elsewhere.
Netflix is negotiating to buy the historic Radford Studio Center in Studio City after Hackman Capital Partners defaulted on a $1.1 billion mortgage and Goldman Sachs took over the property; a sale is expected in the $330–$400 million range, targeting a landmark LA TV production site once home to shows like Seinfeld and Gunsmoke amid a broader slowdown in Southern California production and shifts in the streaming era.
Goldman Sachs Research says Micron Technology alone accounts for 51% of all S&P 500 EPS revisions since the war began, with MU's 2026 consensus EPS growth pegged at a staggering 605% as AI-driven demand surges, followed by energy names.
A broad market rally is being driven by short-covering in heavily shorted stocks, with Goldman Sachs’ basket up over 13% this week and S3 Partners estimating about $93 billion of shorts covered this month. While indices rise on hopes tensions with Iran may ease, gains are uneven across sectors. Earnings are expected to grow around 12% year over year, and a generally bullish SPY outlook suggests more upside if results come in strong.
Goldman Sachs’ fixed‑income desk was caught off guard as the Iran war shifted monetary-policy expectations, pushing markets to pricing higher rates and inflicting a roughly 10% revenue drop in the FICC unit for Q1. The weakness followed bets tied to rate cuts and inflation scenarios, though equities trading benefited from volatility, and Goldman assisted clients in liquidating positions during the turmoil. The episode underscores Goldman’s historically risk‑tolerant rates strategy, led by Anshul Sehgal and Ashok Varadhan, and contrasts with a stronger performance elsewhere while Denis Coleman blamed a tougher market‑making backdrop for the overall FICC pullback.