Goldman Sachs CEO Says He Has 'Deep Belief' in Nvidia

Goldman Sachs CEO David Solomon publicly voiced strong support for Nvidia, describing his confidence in the company as a 'deep belief' amid the ongoing AI spending boom. His comments came as the bank plays an increasingly central role in financing deals between tech giants and chipmakers. Reuters drew a parallel between the complex financing arrangements behind Nvidia chip purchases and auto loan practices, where risk is partly distributed across a chain of intermediaries. Analysts worry that such circular deals among AI infrastructure suppliers, buyers, and lenders could create hidden systemic risks. Nonetheless, the optimism voiced by top bank executives continues to support elevated valuations for Nvidia stock.