Goldman Sachs announced it will acquire Neos Investments, an ETF provider specializing in options-based income strategies, for up to $2.25 billion. This deal, expected to close in early 2027, will increase Goldman's combined ETF assets to $130 billion, strengthening its position in the growing derivative income ETF market. Neos manages around $30 billion across 19 ETFs, including popular funds like the S&P 500 High Income ETF and Nasdaq-100 High Income ETF. The acquisition follows Goldman's recent purchase of Innovator Capital Management and aims to capitalize on the rapid growth of active and derivatives-based ETFs.
Goldman Sachs downgraded Advanced Micro Devices (AMD) to a Sell rating despite the company reporting record Q2 revenue of $11.54 billion, driven largely by its Data Center segment which accounts for 58% of sales. AMD projects strong Q3 revenue of $13...
Goldman Sachs analyst James Schneider raised Marvell Technology's 12-month price target from $180 to $195, citing strong demand in optics and datacenter sectors driven by AI infrastructure growth. Despite the nearly 40% rally in Marvell's stock recen...
Nvidia is spearheading a $500 billion financing consortium with major Wall Street firms like Goldman Sachs, BlackRock, and Blackstone to support AI infrastructure development. Nvidia itself is not investing money but acts as a matchmaker connecting c...
Nvidia CEO Jensen Huang announced a new phase of AI financing involving $500 billion from Wall Street firms like Goldman Sachs, BlackRock, and KKR to fund AI infrastructure buildout. These firms view AI systems as revenue-generating assets that can b...
Goldman Sachs strategist Ashok Varadhan recommends investors remain invested despite concerns about interest rates, oil prices, and economic durability. He expects no Federal Reserve rate hikes this year, anticipates oil prices dropping below $70 a b...
