Solomon says AI financing demand holds despite market jitters

Solomon acknowledged that changes in the political environment could bring “recalibrations and ups and downs.” Still, he said he believes in AI’s long-term potential to boost productivity across the economy.

AI-related stocks, including chipmakers and neocloud providers, have fallen in recent weeks as investors reassess whether hundreds of billions of dollars in infrastructure investment will generate strong returns. The selloff began before the U.S. midterm elections and intensified after Democrats won sweeping victories on Tuesday, prompting concerns that political opposition could slow the industry’s expansion.

The changing market mood comes as Anthropic prepares for a potential IPO that could test public-market appetite for AI companies. Goldman is among the banks leading the process. Solomon declined to discuss the offering in detail, saying, “We’ll see, obviously, if this IPO moves forward, how it all plays out.” He described the market environment as “still pretty constructive.”

Solomon also argued that data centers are essential to the U.S. economy and can be built responsibly. “We certainly don’t want this infrastructure going to places outside the U.S., which is what will naturally happen because the demand for compute is there,” he said.