Ge Long Hui A P P·2025-09-15 03:11Core Insights - Goldman Sachs analyst Ryan Hammond indicates that large enterprises may need to cut AI-related spending if long-term growth expectations revert to early 2023 levels, potentially leading to a 15% to 20% decline in the current valuation of the S&P 500 index [1] Group 1: AI Investment Trends - AI investment is currently in a phase of rapid expansion, but some market analysts predict a significant slowdown in AI spending growth from Q4 of this year through 2026 [1] - Nvidia, the largest beneficiary of AI, holds a nearly 7% weight in the S&P 500 index, highlighting the importance of AI-related companies in the index [1] Group 2: Market Impact - The top eight companies in the S&P 500, which account for over 36% of the index's market capitalization, are major investors in the AI sector and are actively launching related products and services [1] - Goldman Sachs warns that if the AI investment boom fades, related stocks could face substantial corrections, which would negatively impact the overall performance of the S&P 500 index [1]