Matthew Weir

Managing Director in Investment Strategy at Goldman Sachs and senior member of the firm’s Investment Strategy Group, where he helps develop economic, market, and asset-allocation views. He has publicly discussed AI’s potential effects on productivity, jobs, investment returns, and U.S. economic growth.

AI Infrastructure Spending Is Driving Valuations Across Tech Markets

Tech investors are pricing not only AI models but the infrastructure, financing and execution needed to turn heavy spending into returns, according to Bloomberg Technology’s May 29 coverage. The program tied Dell’s raised outlook and AI server forecast, Anthropic’s reported $965 billion valuation and private-credit financing, and SpaceX’s lower reported $1.8 trillion IPO target to a broader question of whether demand can become durable revenue and profit. Its SpaceX segment framed the revised target as a test of investor willingness to underwrite Elon Musk’s operating record and ambitions at valuation multiples far beyond current sales.

Bloomberg TechnologyMay 29, 202614 min read