Goldman: Europe Outperforms S&P 500 in AI Stock Selloffs

Cointime reports: Goldman Sachs strategists said European equities are three times less sensitive to artificial intelligence than the S&P 500 and tend to outperform when the sector sells off. Since 2023, Europe has beaten the US in all eight major AI-driven selloffs, the team said. The Stoxx 600 rose 2% while a composite AI index fell 19% and the S&P 500 dropped 4%. Europe’s lower AI capex exposure is becoming an advantage as investors focus on implementation.