The US stock market faces selling pressure; Goldman Sachs warns of increased market correction risks

Goldman Sachs partner Tony Pasquale recently stated that the current US stock market is showing clear signs of a slowdown in buying momentum. Before the market truly bottoms out, it will go through a more noticeable downward phase.

This judgment is not unfounded. Although Nvidia reported financial results that exceeded market expectations and proactively raised future guidance, investor reactions to this positive news appeared somewhat tepid. Behind this phenomenon reflects that the AI investment cycle is entering a new stage of evolution.

From the perspective of market participants, there are increasing doubts about whether continuous capital investment by mega cloud service providers can deliver ideal returns. Investors are beginning to reassess whether the massive expenditures of these tech giants on AI infrastructure can translate into tangible profit growth. This uncertainty is shaking market confidence.

The current adjustment pressure in the US stock market reflects a shift in market sentiment—from unconditional optimism about AI concepts to a more rational and cautious valuation attitude. During this process, selling pressure may persist until the market reestablishes consensus on the long-term value of AI investments.