Goldman Sachs: When AI concept stocks were sold off, European stock markets outperformed the S&P 500 index
2026-11-09 16:29:28
According to CoinMeta, strategists at Goldman Sachs stated that European stock markets are three times less sensitive to artificial intelligence (AI) than the S&P 500 index. When AI-related stocks experience sell-offs, European markets typically perform better. Since 2023, in eight major sell-offs triggered by AI, Europe has outperformed the United States each time. The Stoxx 600 index rose by 2%, while the comprehensive AI index fell by 19%, and the S&P 500 index fell by 4%. Although Europe reaps less benefits from AI in terms of capital expenditure, this is gradually becoming an advantage as investors begin to pay attention to how companies implement this technology.
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Source:CLS‌
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