Goldman Sachs AI basket

Goldman Sachs’ AI basket tracks AI‑linked U.S. stocks and has fallen 22 % since early June. Its 20‑day correlation with the Bloomberg long‑term government bond index is –31 %, turning negative amid the AI sell‑off. The 10‑year Treasury yield fell to 4.96 % (from 5.13 %) after the AI drop, marking the first close below 5 % since September 22. The basket’s decline followed an early‑June chip sell‑off that cut the Nasdaq Composite 4.2 % and deepened further on Oct 22 with a 2.6 % Nasdaq fall. The negative correlation suggests bonds could act as a hedge against further AI‑sector declines. Adam Aron criticised Robinhood’s tokenised stock products Adam Aron serves as chief executive officer of AMC Bhavin Vaid co‑founded crypto investment firm Halo Capital· Entity summary generated by Graphiti