AI Party Is Not Over, Goldman Sachs Issues Top Picks
作者：Anusuya Lahiri Thu, October 9, 2025 at 12:01 PM MDT 4 min read
Goldman Sachs is doubling down on artificial intelligence, highlighting infrastructure and data management as prime investment opportunities despite market concerns over high valuations.
Brook Dane, co-head of public tech investing at the firm, pointed to companies like Nvidia (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), Snowflake (NYSE:SNOW), and HubSpot (NYSE:HUBS) as beneficiaries of the AI boom, signaling that selective stock picking in this sector could yield significant returns as enterprise adoption and capital spending accelerate.
Dane reaffirmed his optimism on AI during an appearance on CNBC’s Money Movers, highlighting opportunities across AI infrastructure, data management, and enterprise applications.
Trending: These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends
Addressing concerns over potentially inflated AI valuations, Dane emphasized the role of active investing in identifying value. “We’re finding plenty of stocks to buy right now in the market for our clients that are priced at really attractive rates. For example, look at Nvidia. We all know Nvidia is getting 70 cents of every dollar of capex being spent. Capex is likely to be up something north of 30% in the next year. It’s trading at like a 3.2% free cash flow yield. That seems like an attractive entry place. That doesn’t seem like a bubble. It doesn’t seem like it’s extended.”
He added that while some areas of the market are overheated, disciplined selection can uncover compelling opportunities. Nvidia remains a top pick for Goldman Sachs.
Beyond chipmakers, Dane outlined three key areas for investors to watch in AI. First, the infrastructure layer, including companies like Nvidia and TSM, which are building the hardware to run AI models.
Second, the data and security segment, where firms such as Snowflake, Zscaler (NASDAQ:ZS), and Varonis Systems (NASDAQ:VRNS) benefit from efforts to organize, secure, and govern enterprise data for AI applications.
The third, more nuanced area is AI applications. Dane noted opportunities exist where companies leverage durable data advantages to drive growth, even amidst frontier AI competition.
Examples include Samsara (NYSE:IOT), which specializes in fleet management software and telematics, and HubSpot, recently partnering with OpenAI on an agentic model builder.
“HubSpot has this great advantage of being the tech provider for many small businesses...they are going to look to HubSpot to help them guide them through this confusing period of time around AI,” Dane said.
关于《AI Party Is Not Over, Goldman Sachs Issues Top Picks》的评论
暂无评论