Markets

Goldman Sachs Breaks Down How the AI Capex Boom Is Reshaping S&P 500 Return on Equity

Goldman Sachs has put a spotlight on how the accelerating AI capital expenditure cycle is reshaping S&P 500 return on equity dynamics — and the implications for equity valuations are far from straightforward. Here is a deep-dive into the mechanics, the market levels that matter, and what traders should be watching closely.